“Participation finance offers a more just and safer model for the entire world”

“Participation finance offers a more just and safer model for the entire world”

Addressing the 3rd Global Islamic Economy Summit, President Erdoğan said: “Participation finance, an integral part of Islamic finance, offers a more just and safer model for not only Muslims but the entire world. I see participation finance, which covers fields such as banking, capital markets, insurance, savings finance and social finance, as a robust structure that could contribute to the formation of a new global financial architecture.”

President Recep Tayyip Erdoğan delivered a speech during the 3rd Global Islamic Economy Summit at Istanbul Financial Center.

“Participation finance, an integral part of Islamic finance, offers a more just and safer model for not only Muslims but the entire world. I see participation finance, which covers fields such as banking, capital markets, insurance, savings finance and social finance, as a robust structure that could contribute to the formation of a new global financial architecture. We consider the participation finance system to be a strategic element in terms of Türkiye’s economic development and financial stability,” President Erdoğan said.

Source: Presidency of the Republic of Türkiye