• Skip to main content
  • Skip to after header navigation
  • Skip to site footer
The Halal Times

The Halal Times

Global Halal, Islamic Finance News At Your Fingertips

  • Home
  • Regions
    • Latin America
    • North America
    • Europe
    • Africa
    • Central Asia
    • South Asia
    • Australia
  • Marketing
  • Food
  • Fashion
  • Finance
  • Tourism
  • Economy
  • Cosmetics
  • Health
  • Art
  • Halal Shopping

Turkey To Play Leading Role In Islamic Finance

Turkey
2018-05-07 by Hafiz M. Ahmed

Islamic Finance

Turkey to play a leading role in Islamic finance, said group chairman and chief executive officer of Path Solutions, an Islamic banking software provider.

“I believe that Turkey has a role to play as a leader in Islamic finance and as a hub because it is one of the top three Islamic finance markets in the world,” Mohammed Kateeb told Anadolu Agency on Thursday.

He spoke on the sidelines of the General Council for Islamic Banks and Financial Institutions (CIBAFI) Global Forum in Istanbul.

The two-day forum, which ended Thursday with Anadolu Agency as its global communication partner, focused on how the industry will fulfill its obligations while remaining competitive and relevant within global financial markets .

Kateeb said they are interested in Turkey because they believe that in Turkey the Turkish market is “very advanced” in technology.

Also addressing Path Solution’s commitment in contributing to the empowerment of the Islamic finance industry, Kateeb said development of blockchain — a technology that records and verifies transactions safely based on cryptography — is “very important” for Islamic finance.

 “We believe that the development of blockchain is “very important” for Islamic finance because blockchain allows you to track value in a secure and transparent way and allows you to also exchange documentations like contracts, in a secure way,” he added.

Kateeb said security and transparency are “very important” for Islamic finance since it is based on assets.

“I believe blockchain will remove the middleman from a lot of transactions,” he added.

This Article is Originally Published by www.aa.com.tr 

Author

  • Hafiz M. Ahmed

    Hafiz Maqsood Ahmed is the Editor-in-Chief of The Halal Times, with over 30 years of experience in journalism. Specializing in the Islamic economy, his insightful analyses shape discourse in the global Halal economy.

    View all posts

Like this:

Like Loading...

Related

Previous Post:Why Halal Certification Is Good For BusinessesWhy Halal Certification Is Good For Businesses
Next Post:Islamic Banks’ Asset Growth To Converge With That Of Conventional PeersIslamic Bank 2

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Sidebar

  • LinkedIn
  • X
  • Facebook
  • Instagram

The Halal Times

The Halal Times, led by CEO and Editor-in-Chief Hafiz Maqsood Ahmed, is a prominent digital-only media platform publishing news & views about the global Halal, Islamic finance, and other sub-sectors of the global Islamic economy.

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube

News

  • Home
  • Halal Shopping
  • Food
  • Finance
  • Fashion
  • Tourism
  • Cosmetics
  • Healthcare
  • Marketing
  • Art
  • Events
  • Video

Advertise

  • Advertise With Us
  • Zakat Calculator
  • Submit News
  • Subscribe

About

  • About
  • Write For Us
  • Contact Us

Copyright © 2025 · The Halal Times · All Rights Reserved ·

%d