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22 January 2020
ISLAMIC FINANCE

AAOIFI partners with Turkish Islamic banks to promote Islamic finance

The two institutions agreed to work in areas of common interest that support the development of the Islamic finance industry

The role of TKBB is very important for the growth of Islamic finance in Turkey/Bloomberg

by Kudakwashe Muzoriwa

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has signed an MOU with the Participation Banks Association of Turkey (TKBB) to collaborate in the promotion of Islamic finance in Turkey.

AAOIFI and TKBB agreed to work in areas of common interest that support the development of the Islamic finance industry such as the meaningful exchange of information and conducting joint capacity-building programmes related to AAOIFI standards in Turkey.

The MOU presents opportunities to explore areas of possible collaboration such as the increased representation of Turkish experts in AAOIFI’s boards and committees and exchange of information on matters of common interest, said Osman Akyüz, the Secretary General of TKBB

Omar Mustafa Ansari, the Secretary-General of AAOIFI, said, “The role of TKBB is very important for the growth of Islamic finance in Turkey and we fully support their initiatives and activities.”

 


RELATED STORIES: AAOIFI articipation Banks Association of Turkey

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