UKIFS member signs Islamic finance MOU in Turkey

UKIFS member organisation, Islamic Banking and Finance Centre-UK (IBFC-UK), signed a Memorandum of Understanding with Fatih Sultan Mehmet Vakif University on Tuesday 17 January at the British Consulate General, Istanbul.

IBFC-UK will offer short courses in Islamic finance for Turkey’s rapidly growing financial sector and the neighbouring region. The ceremony was witnessed by the Lord Mayor of the City of London, Alderman David Wootton. Akmal Hanuk, Chief Executive of IBFC –UK, comments:

“I am delighted that UKIFS has helped to facilitate the presence of the Lord Mayor at the ceremony during a trip to Turkey to promote UK’s financial services – it sends a strong message of the UK’s support for the Islamic finance sector and our desire to work with international partners in the education training and qualification sector”.

Professor Hikmet Özdemir and Professor Musa Duman of Fatih Sultan Mehmet Vakif University sign the MOU with Akmal Hanuk of the IBFC-UK in the presence of the Lord Mayor.

Richard Adler, Relationship Director, UKIFS, added:

"UK-based organisations are increasingly seen as the partner of choice in the delivery of Islamic finance excellence. At UKIFS, our goal is to develop the strong partnerships with global Islamic finance centres and support the favourable environment for Islamic finance investment opportunities.

"As part of TheCityUK's own export focus, we're pleased to be able to facilitate unique opportunities for our members, such as this important MOU being signed in the presence of the Lord Mayor."

UKIFS is a part of TheCityUK and serves to bring together government and industry to jointly promote the UK as a global gateway for Islamic finance. To find out more about membership, please contact us.