Turkey – The Secretary-Normal of the Al-Baraka Discussion board for Islamic Economics, Youssef Hassan Khalawi, confirmed that Turkey has nice potential within the subject of Islamic finance.
This got here in statements made by Khalawi to Anadolu Company in the course of the “Al Baraka” Islamic Finance Summit, which is being held in Istanbul, on Friday and Saturday.
Al-Khalawi acknowledged that Islamic banking started in Turkey in 1984, however its market share is low, because it presently stands at 15 %.
He stated that Turkish public banks’ institution of their very own collaborating banks lately will contribute to rising the share of Islamic banking.
He added: “Turkey has nice potential, and we all know and imagine that there’s a demand for this subject, however we should develop merchandise which are extra appropriate for individuals.”
The “Al Baraka” Islamic Finance Summit will likely be held in Istanbul beneath the patronage of President Recep Tayyip Erdogan, for the primary time since its launch in 1981.
Earlier, the “Al Baraka Discussion board” introduced that the summit will likely be held beneath the title “World Prospects for the Islamic Financial system: Elements and Wants.”
This summit discusses revolutionary options and techniques which are appropriate with financial progress in Türkiye via Islamic ideas.
It additionally raises wealthy discussions amongst specialists, lecturers and buyers in Türkiye, which is a middle for Islamic finance within the area.
Anatolia
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2024-05-26 23:25:48