KFH Research Ltd, a subsidiary of Kuwait Finance House Group, participated at the Islamic Finance Conference in Istanbul, Turkey where it was one of the organising members along with Borsa Istanbul, the Central Bank of Turkey, the World Bank, the Islamic Development Bank and INCEIF.
Themed “Implications of the Participation Model in Finance”, the two-day event was attended by regulators, multilateral organisations, key financial institutions and academics.
The event opened with a welcoming speech from Mr Ibrahim M. Turhan, Chairman and Chief Executive Officer, Borsa Istanbul, followed by a keynote address given by Mr Abdul Aziz Al Hinani, Vice President, the Islamic Development Bank.
KFH Research participated as panellist on the session entitled “The Role of Islamic Finance on Financial Stability”. During this session, KFH Research shared its ground breaking research on the current issue of financial market volatility in emerging economies and assesses the potential impact to the global Islamic finance industry. Collectively, top nine Islamic finance jurisdictions hold approximately 89% and eight out of these nine countries are classified as emerging markets by the major financial index suppliers such as Dow-Jones, MSCI, FTSE etc. An estimated of $710bn worth of Islamic financial assets resides within these eight emerging economies as at end 2013. In this light, the presentation highlighted the importance for the Islamic finance industry stakeholders to assess the vulnerability and potential financial stability concerns of the industry with the recent volatilities witnessed in emerging markets’ financial and economic sphere.
In cooperation with the Turkey Central Bank, KFH Research distributed Islamic finance research reports titled “Islamic Finance 2014” and “Turkey Participation Finance” which were widely acclaimed and well received by the industry. Supporting this event include Kuveyt Turk Participation Bankasi A.S., KFH’s banking subsidiary in Turkey.
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