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FinancialNews


  • 26-11-20

    Turkey to see risk-sharing-based economy in future

    (MENAFN)-The Turkish president declared on Wednesday that the future will witness the world"s interest-based economic system substituted by participation based on risk-sharing.

    RecepTayyipErdogan informed a virtual reunion of the Organization of Islamic Cooperation's (OIC) Standing Committee for Economic and Commercial Cooperation (COMCEC) that "In this case, it is important to expand the use of products such as [Islamic] sukuk to finance large long-term infrastructure investments."

    Erdogan stated that COMCEC nations should obtaineffectiveprocedures to prevent the corona virus pandemic from damagingexotic trade, adding that: "The steps we will take to boost trade among COMCEC member countries are important."

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