President Erdoğan: Participation Finance Strategy Document will significantly contribute to efforts aimed at developing alternative instruments for financial system

 

President Recep Tayyip Erdoğan made a speech at a publicity event held for the Participation Finance Strategy Document at Dolmabahçe Office in Istanbul.

Underscoring that the Document would significantly contribute to the efforts aimed at developing alternative instruments for the financial system, which he noted was at the center of global crises, President Erdoğan stated: “As is known, the structure that we call participation finance includes participation finance institutions, participation capital markets, participation insurance and social finance. We know that these instruments, each of which has a distinct value, bear a potential for rapid development, growth and enrichment with new derivatives. We have well in advance launched the preparations for the strategy document that we need to achieve our purpose. The purpose of our Participation Finance Strategy Document is to build a legal, administrative and corporate infrastructure for participation finance in the 2022-2025 period while bringing about a significant transformation for the current structure. Just like every strategy document of ours, we have carried out this work with the participation of wide range of stakeholders and a detailed preparation process as well.