by admin | May 25, 2021 | Islamic Banking, Islamic Finance, Muslim World, News
Group chairman and chief executive officer of Path Solutions, Mohammad Kateeb.
Ankara : Turkey plays a leading role in Islamic finance, said group chairman and chief executive officer of Path Solutions, an Islamic banking software provider.
“I believe that Turkey has a role to play as a leader in Islamic finance and as a hub because it is one of the top three Islamic finance markets in the world,” Mohammad Kateeb told Anadolu Agency (AA).
He spoke on the sidelines of the General Council for Islamic Banks and Financial Institutions (CIBAFI) Global Forum in Istanbul which took place recently.
The two-day forum, which ended on Thursday with Anadolu Agency as its global communication partner, focused on how the industry will fulfill its obligations while remaining competitive and relevant within global financial markets.
Kateeb said they are interested in Turkey because they believe that the Turkish market is “very advanced” in technology.
Also addressing Path Solution’s commitment in contributing to the empowerment of the Islamic finance industry, Kateeb said development of blockchain technology that records and verifies transactions safely based on cryptography — is significant for Islamic finance.
“We believe that the development of blockchain is very important for Islamic finance because blockchain allows you to track value securely and transparently and allows you to also exchange documentations like contracts, in a secure way,” he added.
Kateeb said security and transparency are “very important” for Islamic finance since it is based on assets.
“I believe blockchain will remove the middleman from a lot of transactions,” he added.
—SM/UNA-OIC
by admin | May 25, 2021 | Muslim World
By Cansu Dikme,
Ankara: A document released Wednesday after an international conference on Syria hailed Turkey’s “unparalleled generosity” in its support for Syrian refugees.
Saying that Turkey is home to the largest refugee population in the world, a document titled “Assistance to Syrian refugees in Turkey” released following the second Brussels Conference on “Supporting the Future of Syria and the region” also praised Turkey’s leading role in global best practices.
“Since the beginning of the crisis, the Government and people of Turkey have demonstrated unparalleled generosity in supporting refugees and integrating them into national services, including health, education, employment and other municipal and social services,” it said.
“Turkey has also led in global best practices and agreed principles including the New Way of Working and the Comprehensive Refugee Response Framework (CRRF), while not being an official CRRF country,” it said.
It also stressed the need for sharing Turkey’s “responsibility and burden of hosting and integrating refugees into their systems and services”.
The Belgian capital of Brussels hosted an international conference on Syria organized by the United Nations and the European Union from April 24-25.
The conference pledged $4.4 billion for Syrian refugees, said Christos Stylianides, the European commissioner for humanitarian aid and crisis management.
Stylianides said the meeting’s number one priority was a political solution in support of UN-led talks in Geneva and the transition to a peaceful, democratic and stable Syria
Representatives from 85 countries and non-governmental organizations attended the conference.
Syria has been locked in a vicious civil war since 2011 when the Bashar al-Assad regime cracked down on pro-democracy protests with unexpected ferocity.
Since then, hundreds of thousands of people have been killed in the conflict, according to the UN.
—AA
by admin | May 25, 2021 | Business Summit, Events, Investing, Islamic Banking, Muslim World, News
By Gokhan Ergocun,
Ankara: Turkey will host an exporters and investors summit on April 26-27.
The Islamic Development Bank (IDB) and Turk Eximbank will organize the event in the western Izmir city, according to a Tuesday statement.
“The IDB and Turkey’s lead lender for exports and imports, Turk Eximbank, have joined hands to bring in the country’s top-notch exporters and investors together,” the IDB said.
More than 300 Turkish private sector leaders, elite traders, industrialists, entrepreneurs, and investors will discuss past achievements, challenges, and opportunities ahead in the two-day summit.
Economy Minister Nihat Zeybekci, IDB’s president Bandar Hajjar and Turk Eximbank’s CEO Adnan Yildirim will give speeches on the opening day.
Also, panel discussions on various subjects of interest will be held.
Within the scope of the summit, investors, exporters, and contractors would explore how IDB and Turk Eximbank can provide support and assistance to boost Turkish exports and services in the world markets.
Turk Eximbank ranks second globally after South Korea’s Eximbank in terms of financing exports.
Since its establishment in 1987, the bank has implemented international credit, guarantee, and credit insurance programs aimed at developing economic and political ties between Turkey and other countries.
Turkey is a founding member of the IDB, which is an international Islamic financial institution — formally opened in 1975 — to foster the economic development and social progress of member countries and Muslim communities.
Since the establishment of the IDB, the bank has contributed more than $11.2 billion of funding to 483 projects in various sectors in Turkey such as infrastructure, agriculture, health, education, transport, energy, and trade.
—AA
by admin | May 25, 2021 | Muslim World
By Eda Fatma Topcu,
Istanbul: The construction of Turkey’s first indigenously-built “multipurpose amphibious assault ship — the TCG Anadolu”, which can be configured as a light aircraft carrier, in Istanbul is gathering pace, according to the head of a Turkish business body.
Metin Kalkavan, who is the chairman of Istanbul, Marmara, Aegean, Mediterranean and Black Sea Chamber of Merchants, told Anadolu Agency: “Approximately 90 percent of the [building] blocks are at the end of production.
“Immediately after the manufacturing phase, fittings will be carried out.”
Kalkavan said the production of the ship, which comprises of 114 blocks, would boost the capacity of Turkish naval forces.
“We will be the 10th state to have such a ship. There are only five or six producers in the world,” he said.
The highly-anticipated attack ship will increase the operational capability of the Turkish Navy, he added.
The ship, which is 68 percent indigenous, is expected to hit the seas in February 2019.
“After that, we will complete the tests and deliver it. The value of the project is over 1 billion euros,” Kalkavan added.
TCG Anadolu is an amphibious assault ship of the Turkish navy that can be configured as a light aircraft carrier. The ship is 232 meters in length, 32 meters in width and 55 meters in hieght.
The construction of the ship began in 2016. The vessel is intended to meet the various needs and requirements of the Turkish Armed Forces, such as sustaining long-endurance, long-distance military combat or humanitarian relief operations; while acting as a command center and flagship for the Turkish navy.
—AA
by admin | May 25, 2021 | Halal Food, Halal Industries, Muslim World
By Kubra Chohan,
Ankara: A two-day Pakistan Food Festival began in Turkey’s capital Ankara on Wednesday ahead of its National Day on March 23.
The food festival, organized at the Sheraton Hotel in collaboration with the Turkish Embassy, was inaugurated by Pakistan’s Ambassador to Ankara Syrus Sajjad Qazi will end on Thursday.
In a statement, the embassy said “popular and tasty Pakistani dishes like Biryani, Mutton Karahi, Chicken Karachi, Chicken Kebab[…]would certainly titillate the taste buds of many Turks and international guests during the festival.”
“Pakistan’s rich and delicious cuisine is based on a long historic tradition and cooking excellence, has been evolving and changing since ancient times,” Qazi said in the statement.
Qazi also said that the geographical and cultural diversity of Pakistan is also reflected in the country’s cuisine, adding that Pakistani and Turkish cuisine have many similarities.
—AA
