Earlier this month we mentioned that Turkey was to open first Islamic finance research center.
Now today it was announced 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.
World Bulletin
Who will make the Grab Next? It's looking like Britain is ready to make a play... Keep Watch.
Who will make the Grab Next? It's looking like Britain is ready to make a play... Keep Watch.
