153
Figure 4.17: Phases of Islamic Finance’s Inclusion in Turkey’s Financial Landscape
Sources: RAM, ISRA
4.5.5 COUNTRY-SPECIFIC RECOMMENDATIONS
In developing the recommendations for Turkey, we have reviewed the challenges faced by its
sukuk market, as depicted in Chart 4.52. It ranks highest in tax neutrality while other factors
require further development. Tables 4.25 and 4.26 propose key recommendations to support
the progressive build-up in creating an ecosystem that is envisaged to drive the supply of and
demand for sukuk.