Bank Asya, a leading Turkish financial institution, announced on Sunday that their corporate governance rating had increased in June over its score from last year.
The bank released the figures in an announcement addressed to the Public Disclosure Forum (KAP). According to a recent report prepared by the Capital Markets Board (SPK), Bank Asya’s corporate governance rating increased from 84.20 in June 2013 to 90.85 in June of this year.
The founders of Bank Asya are known for being affiliated with the Hizmet movement, inspired by Islamic scholar Fethullah Gülen. News reports circulated earlier this year indicating the government had attempted to sabotage the bank, as corporations with close ties to Prime Minister Recep Tayyip Erdoğan withdrew upwards of TL 4 billion from their accounts, accounting for nearly one-fifth of the bank’s deposits.
he roots of the Gülen movement go back to Said Nursi (1878-1960), a preacher from Eastern Anatolia whose teachings (the Nurcu movement) emphasized the compatibility of Islam with rationalism, science and positivism. Nursi’s main contribution to Islam was a 6,000-page commentary he wrote on the Quran. This body of work is known as the “Risale-i Nur” (The Light Collection) and advocates the teaching of modern sciences in religious schools as the way of the future for an Islamic age of enlightenment.
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