08.30am - 12.30pm

Ceylan Intercontinental Hotel, Istanbul

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8.30 AM Arrival of Guests, Registration & Refreshments
10.00 AM Welcome Address by Mr. Nail Olpak, President of MUSIAD
10.10 AM Speech by the Hon. Tun Musa Hitam, Chairman of the WIEF Foundation
10.40 AM Refreshments
11.00 AM Transforming Islamic Finance in Turkey: Promise of Growth

Promoting Islamic finance in Turkey, the world’s 17th largest economy with a predominantly Muslim population of 76 million, is part of government plans to boost commercial ties with the Gulf and diversify the country’s investor base.

In 2013, participation banks reached a combined $36 billion in assets, representing a 5% share of total banking assets. This was a 25% rise from a year earlier, compared to 13% growth for conventional banks.

A recent study estimates participation bank assets could reach between $80 billion and $120 billion by 2017; on track to meet a government target of 15% by 2023.

The Roundtable will explore the challenges faced by Turkey in its pursuit to promote a more dynamic Islamic finance industry in the country. It will also address the key priority development areas for market players to methodically expand and deepen the Islamic finance sector’s eco-system for a more sustainable industry.

• Mr. Murat Cetinkaya, Deputy Governor, Central Bank of Republic of Turkey, Turkey (regulatory)
• Professor Humayon Dar, Adjunct Professor, INCEIF & Chairman, President & Chief Executive Officer, Edbiz Consulting Limited, United Kingdom (education/innovation)
• Mr. Muzaffar Hisham, Chief Executive Officer, Maybank Islamic Berhad, Malaysia (retail banking)
• Mr. Nihat Gumus, Assistant Director, Research Department, Borsa Istanbul, Turkey (stock exchange)

• Mr. Osman Celik, Executive Vice President, Turkiye Finans Participation Bank, TURKEY

1.00 PM End of 8th WIEF Roundtable

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