The IFN Turkey Forum 2018 kicked off on Monday at Conrad İstanbul Bosphorus Hotel in Istanbul in partnership with the Borsa Istanbul — Turkey’s stock exchange market. The one-day event focused on main topics on participation banking and the future of finance in Turkey.
Senior executives of leading institutions of Islamic Finance sector such as REDMoney Group, IFSB, World Bank, International Islamic Trade Finance Corporation, Asian Development Bank, IIFM, and INCEIF participated in open public forum. In his opening remarks, Murat Cetinkaya, the CEO of Borsa Istanbul, said:
“We are focusing our efforts, as well as supporting projects on strengthening the country’s regulatory and asset class position in global Islamic capital markets.”
Four different sessions were held at the Forum with the participation of global and domestic speakers who have valuable works on Islamic Finance. During those sessions, significant subjects such as the development of capital markets in Turkey, participation banking, issuance of Sukuk and Islamic asset management were discussed.
“By 2025, the Turkish participation banking sector is expected to hold a 15 percent market share from 5.1 percent at the end of 2015, when total assets of participation banks reached 120.3 billion Turkish liras ($18.2 billion),” according to the IFN website.
The next IFN Forum will take place in the Indonesian capital, Jakarta, on Oct. 1.
Source Anadolu Agency