Turkey's savings finance sector reaches 1.2 trillion lira

The savings finance sector in Turkey experienced significant growth, with transaction volume rising by 261.8 percent to reach 1.211 trillion lira. According to the ‘Participation Finance Ecosystem Report 2025’ published by the Islamic Economics Research Center (IKAM), the sector is transitioning from a banking-centric model into a multi-dimensional ecosystem.

Savings finance companies, which provide interest-free financing for housing and vehicles, were the fastest-growing segment. The sector's total assets grew by 251.1 percent to 323 billion lira, while net profit increased from 17.5 billion lira to 59 billion lira. The number of customers rose by 117 percent, exceeding 1.15 million.

Participation banks also saw growth, with total assets increasing by 62.7 percent to 4.3 trillion lira and net profits reaching 85.6 billion lira. There is a notable shift toward digital services; while physical branches and ATMs are decreasing, digital transaction volume rose by 41 percent to 7.9 trillion lira.