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    Home MIDDLE EAST and NORTH AFRICA Turkey

    HUDA PAR targeted İş Bankası: The quota of the Republican People’s Party should be terminated

    The Analyst by The Analyst
    June 25, 2026
    in Turkey
    HUDA PAR targeted İş Bankası: The quota of the Republican People’s Party should be terminated


    HUDA PAR Gaziantep Deputy Şahzade Demir made statements about the ownership and management of CHP shares in İş Bankası at the press conference he held in the Turkish Grand National Assembly.

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    ‘MONEY SENT BY INDIA MUSLIMS’

    Demir said that shares cannot be directly owned by a party and should be public property, and used the following statements:

    “It is a known situation that the aid money sent by the Muslims of India to support the War of Independence was used in the establishment of İş Bank. The single-party government of the period, using its political power, made the Republican People’s Party a partner in the bank in question, as well as in many companies. The fact that such a partnership still continues in the multi-party political order is contrary to equality of opportunity in politics, and this results in the privileged use of a public property that belongs to the whole people in favor of a certain political party.”

    ‘CHP QUOTA MUST BE TERMINATED’

    “In a party whose name is involved in numerous corruption, bribery, extortion and sexual harassment incidents, there are major conflicts between factions to retain the party management, and it is claimed in the public opinion that one of the reasons for this is the financial resources controlled by the party. In our opinion, what needs to be done is to terminate the quota of the Republican People’s Party in the management of the bank and restructure the bank in accordance with its founding principles.”

    ‘THE SHOULD BE WITHDRAWED FROM INTEREST-BASED TRANSACTIONS’

    “It would be most appropriate to withdraw the bank, which was established with the help of Indian Muslims, from interest-bearing transactions and turn it into a participation bank. It would be more compatible with the purpose of the bank’s establishment to have a structure that will lead a global aid organization with additional institutions and organizations to be created from now on.”


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