WORLD BANK GIFDC LAUNCHES ANNUAL SYMPOSIUM ON ISLAMIC ECONOMICS FINANCE

Istanbul, 18 Dhulqa’dah 1436/2 September 2015 (MINA) – The World Bank Group’s Global Islamic Finance Development Center (GIFDC) announced on Tuesday the launch of its Annual Symposium on Islamic Economics and Finance, CPI Financial reported.

The symposium is organized by GIFDC in partnership with Borsa İstanbul, Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI), and Guidance Financial Group (GFG), a leading international Islamic financial services provider.

The symposium is an annual event that will bring together a broad range of participants from academia, policy-making circles, and the private sector.

It aims to promote the exchange and advancement of ideas and to foster innovation and discussion in Islamic economics and finance.

The symposium’s objective is to become a major international forum engaged in thought leadership and knowledge development in this field.

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The inaugural symposium, “Islamic Finance, A Catalyst for Shared Prosperity,” will be held on September 8-9 in Istanbul, Turkey, International Islamic News Agency (IINA) quoted by Mi’raj Islamic News Agency (MINA) as reporting.

Together with our partners, Borsa İstanbul, IDB, IRTI, and GFG, we are committed to the advancement of Islamic economics and finance and believe it can play a central role in ensuring a sound financial sector and promoting inclusive economic development,” said Gloria Grandolini, senior director, finance and markets global practice of the world bank group.

We hope this symposium will contribute toward the continued understanding, advancement, and awareness of Islamic finance.”

On behalf of the IDB Group, Dr. Ahmed Tiktik, vice president, IDB Group said, “I wish to commend and congratulate the organizers for this very timely initiative.

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The IDB has always believed in and strove for promoting shared prosperity through Islamic Finance in its member and non-member countries.

The organization of this symposium is not only a validation of this belief but of its global acceptance and adoption. I hope this symposium will pave the way for directing our efforts toward the noble goal of leveraging Islamic finance for creating a more prosperous and inclusive world for everyone.”

Professor Mohammad Azmi Omar, director general of IRTI, added, “As the intellectual arm of the IDB Group, IRTI is delighted to be a partner in this first annual symposium on Islamic Finance in Istanbul.

I feel the theme of the symposium, Islamic Finance, a catalyst for shared prosperity is reflective of the common goal and aspiration we share not only with the organizers but with the millions of people who see Islamic finance as an alternative means of financial inclusion and a better and more dignified life.

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We will continue working with our partners to ensure that human well-being and shared prosperity remains at the very heart of all Islamic finance initiatives.”

Regarding Guidance Financial Group’s involvement in this symposium, Dr. Mohammad Hammour, chairman of GFG, said, “The presence of policy makers, academics and finance professionals at the symposium provides an excellent opportunity for us to be an integral part of this forum as the private sector partner.

We hope to bring our expertise and experience as practitioners to the discussions, as we strive to expand the frontiers of Islamic finance in innovative directions.” (T/Imt/R03)

Mi’raj Islamic News Agency (MINA)