Economic crises and emerging needs around the world have increased the tendency towards alternative financial systems. Islamic finance attracts attention as one of these alternatives with its interest-free, ethical and social responsibility-based structure. Türkiye was introduced to Islamic finance in the 1980s, and the foundations of this system were laid in 1983 under the name of Private Financial Institutions. With the regulations made in 2005, these institutions gained participation bank status. The participation banking sector in Turkey has recovered and grown after the 2008 global crisis and continued its development with the participation of new banks.

In recent years, digital banking has gained an important place in the sector. The digitalization process of participation banking in Turkey has progressed rapidly, and the number of digital customers and transaction volume have increased. The number of digital customers, which was 3.3 million in 2020, is expected to increase to 6.1 million in 2024. The transaction volume, which was 593.7 billion TL in 2020, will reach 6.8 trillion TL in 2024. Additionally, the number of transactions carried out via digital banking has also increased significantly. Participation banks in Turkey have grown with their investments in digital platforms and strengthened their potential in the sector. Digital banking is expected to become more widespread in the future.