HomeEconomyWith focus on Islamic finance, Istanbul to host 1st AlBaraka Summit

With focus on Islamic finance, Istanbul to host 1st AlBaraka Summit

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The 1st AlBaraka Summit in Istanbul, the place the longer term path of the Islamic financial system on a worldwide scale will likely be explored and is about to be attended by President Recep Tayyip Erdoğan, will likely be held on May 24-25.

The summit is organized by the AlBaraka Forum for Islamic Economy in partnership with the Investment Office of the Presidency of the Republic of Türkiye, the Istanbul Financial Center (IFC), the Türkiye Wealth Fund (TWF), Ibn Haldun University and Islamic Cooperation Youth Forum (ICYF).

The two-day occasion will happen on the Istanbul Lütfi Kırdar International Convention and Exhibition Center.

Building on Türkiye’s intensive expertise as an Islamic finance heart within the Western world, the AlBaraka Summit goals to strengthen this experience and its cooperation with Islamic international locations. The summit will convey collectively specialists, lecturers, coverage and trade leaders to debate key themes, tendencies and alternatives within the Islamic financial system, and to drive sustainable progress and innovation.

The summit is about to open on May 24 with Erdoğan’s presence, with opening statements to be delivered by Sheikh Abdullah Saleh Kamel, chairperson of the board of trustees of the AlBaraka Forum, and Fatih Karahan, governor of the Central Bank of the Republic of Türkiye (CBRT).

Taha Ayhan, president of ICYF, alongside professor Atilla Arkan, rector of Ibn Haldun University, Salim Arda Ermut, president of the Türkiye Wealth Fund, and numerous trade specialists are anticipated to debate a wide range of subjects on the upcoming occasion.

These subjects will embody the evolution of Islamic financial thought, the incorporation of moral ideas and the influence of Islamic finance on driving sustainable financial progress, in keeping with the organizers.

The numerous panel of audio system will present insights and views from totally different areas, providing a complete understanding of the position of Islamic finance in right this moment’s international financial system.

Under the theme “Global Prospects of the Islamic Economy: Fundamentals and Needs,” the summit will deal with exploring the basic ideas and values of the Islamic financial system, figuring out tendencies and challenges within the international Islamic finance sector, profitable collaborations and partnerships between Türkiye and Islamic international locations, discussing methods to advance the Islamic financial system within the digital age and inspecting the position of youth in shaping the way forward for the Islamic financial system.

The AlBaraka Summit will function a platform for economists, traders and stakeholders to interact in significant dialogue, set up in strategic partnerships and chart a course towards a extra inclusive and affluent future guided by the ideas of Islamic finance, highlighting sensible Turkish fashions according to Islamic finance ideas and exploring the longer term prospects of Islamic financial markets globally.

“The summit will showcase the capability of Islamic funding and monetary devices to develop international alternatives for Islamic financial establishments, highlighting the moral requirements of Islamic finance because the cornerstone of the Islamic financial system and its broader advantages to humanity,” mentioned Kamel.

“In addition, the future picture of service and product markets for the Islamic economy on a global scale will be explored,” he added.

Yousef Khalawi, secretary-general of AlBaraka Forum Islamic Economy, mentioned that Türkiye is a considerable heart within the subject of Islamic finance and added, “I consider that the summit will drive affect amongst specialists, lecturers, traders and entrepreneurs in Türkiye.”

Setting the course for a extra sustainable, inclusive and modern future for the Islamic financial system on a worldwide scale, the AlBaraka Summit will characteristic keynote speeches, panels, workshops and networking classes, offering priceless perception and alternatives to work together with neighborhood leaders within the subject.

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