08.30am - 12.30pm
Ceylan Intercontinental Hotel, Istanbul
|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|
|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.
|1.00 PM||End of 8th WIEF Roundtable|