Organization of Islamic Cooperation urges collaboration among members, increase capital flow
Official says Muslim group strives to set example to its community with ‘bilateral, multilateral cooperation approach’
ANKARA
The Organization of Islamic Cooperation (OIC) encourages members to explore bilateral and multilateral collaborations, promote highlights of their markets and increase intra-OIC capital flow, according to a statement Wednesday.
"As stakeholders of Islamic capital markets we work together to strengthen the connections with each other," Korkmaz Ergun, Borsa Istanbul CEO and member of the board, said at the 15th Meeting of the OIC Exchanges Forum hosted online Tuesday by Borsa Istanbul.
"We strive to set an example to Ummah (Community) all over the world with our bilateral and multilateral cooperation approach to our business," he said at the Forum that saw the participation of 100 delegates from 23 OIC countries including 19 exchanges, seven post-trade institutions and 11 international and sector institutions.
Some of the attendees included Selcuk Koc, Director of the COMCEC Secretariat, Nandini Sukumar, CEO of World Federation of Exchanges (WFE), Guzhan Gulay, Executive Vice President of Borsa Istanbul, and Mahmut Aydogmus, Director of Borsa İstanbul International Relations.
As part of the Forum, a Capacity Building training session was held Wednesday by Dr. Mehmet Asutay, Director of Durham Centre for Islamic Economics and Finance at Durham University, on the "Islamic Impact, Social and Green Investing," according to the statement.
