World Bank to open first Islamic finance center in Istanbul

Borsa Istanbul's website says a ceremony will be held later on Monday to inaugurate the World Bank Global Islamic Finance Development Center.

World Bank to open first Islamic finance center in Istanbul

The World Bank will open its first center on Islamic Finance at Borsa Istanbul premises, the exchange market said Monday.

A statement on Borsa Istanbul's website says a ceremony will be held later on Monday to inaugurate the World Bank Global Islamic Finance Development Center, the first of its kind.

Deputy Prime Minister Ali Babacan, World Bank President Dr. Jim Yong Kim, Treasury Undersecretary Ibrahim Halil Canakci and Borsa Istanbul Chairman & CEO Dr. Ibrahim M. Turhan will participate in the ceremony, the statement adds.

Istanbul has become more popular in recent months as a center of finance, specifically in Islamic instruments. Turkey issued its first sukuk, Islamic equivalent of bonds, in September 2012, and this year in the same month Istanbul hosted an international forum on financial systems where the topic of Islamic finance featured prominently.

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Last Mod: 28 Ekim 2013, 15:54
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mahad musa kato nile
mahad musa kato nile - 6 yıl Before

my message is only to thank the world bank for the great work is doing to enhance the islamic banking system continue with that i also thank the government of turkey for all the efforts you put in to see that islam goes on