26 Mar, 2023
The Islamic Development Bank Institute (IsDBI) on 21 March 2023 welcomed a high-level delegation from the Participation Banks Association of Türkiye (TKBB).
Led by Mr. Osman Çelik, Chairman TKBB/CEO Vakıf Katılım Participation Bank, and Mr. İsmail Vural, Acting Secretary General TKBB, the delegation comprised of 18 senior representatives. They included delegates from Albaraka Türk Participation Bank, Türkiye Emlak Katılım Participation Bank, Türkiye Finans Participation Bank, Ziraat Katılım Participation Bank and Kuveyt Türk Participation Bank.
The delegation provided a holistic update about the Participation Banking Sector in Türkiye while updating on recent activities and new initiatives by the TKBB and member banks to further promote Shari’ah-compliant banking activities in the country. TKBB requested strengthening cooperation with the IsDB Institute, particularly in the areas of Islamic finance capacity building, joint report publications, innovative Sukuk structures, participatory green financing products, and other research activities.
On behalf of Dr. Sami Al-Suwailem, Acting Director General of IsDBI, the TKBB delegation was received by Mr. Yahya Aleem ur Rehman, Team Leader, Knowledge Leaders, IsDBI along with Mr. Syed Faiq Najeeb, Mr. Mehmet Eken Fehmi, Mr. Mohamed Abdeltawab Ibrahim and Mr. Mahmoud Abdel Hamid.
The IsDBI team, in turn, shared some of the new initiatives being implemented by IsDBI for the development of the Islamic finance industry. These include e-learning programs, training modules, technical assistance projects as well as ongoing research and collaborative efforts with IsDB Member Countries, UN agencies, multilateral development banks and other international organizations.
Both sides agreed to further strengthen the existing cooperation while planning some joint engagements to promote Islamic finance knowledge sharing and exchange on topics of mutual interest.