Turkey's G20 presidency to focus on Islamic finance
Islamic financial services are one of the top priorities for Turkey’s presidency of the G20, a senior Turkish finance official said on Wednesday. Speaking at a meeting of the Islamic Development Bank (IDB) in Mozambique’s capital Maputo, Deputy Undersecretary of the Turkish Treasury Burhanettin Aktas said Turkey believed strongly in the vital role the Islamic finance industry had to play in infrastructure and small-medium-enterprise (SME) financing. According to Aktas, Turkey has one of the highest growth potentials for Islamic financial services among the Organization of Islamic Cooperation countries, Turkey has developed new products, established a state-owned Islamic bank and plans to open two more state-owned Islamic banks.
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