World

Türkiye promotes Islamic finance as summit targets new growth era

A major international gathering on Islamic finance opened in Istanbul on Wednesday, with policymakers, investors, and academics converging to advance the sector’s global footprint and Türkiye’s role within it.

The 3rd Global Islamic Economy Summit, held under the auspices of the Turkish Presidency and organised as part of the Albaraka Summit Series, is taking place at Halkbank’s headquarters in the Istanbul Financial Centre.

Speaking on the second day of the summit, Salim Arda Ermut, CEO of the Türkiye Wealth Fund, said Istanbul represents a strategic hub for long-term financial transformation and highlighted the rapid development of the Istanbul Financial Centre, which now hosts nearly 20,000 people and key regulatory institutions.

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Ermut pointed to new services such as the “One-Stop Office,” designed to streamline investment procedures and attract international capital. 

He also emphasised that Islamic finance is increasingly central to Türkiye’s long-term strategy, citing recent transactions by the Wealth Fund as evidence of growing institutional commitment.