(MENAFN - Arab Times) Kuwait Finance House Group (KFH Group) took part in sponsoring the Islamic Financial Services Board (IFSB) Summit that was hosted by the first time by the Turkish Central Bank, and was attended by prominent global and Turkish figures, in addition to Chairman of Liquidity Management House Emad Al-Munaie, and officials from subsidiary units in Turkey, Malaysia and Bahrain.
The Governor of Central Bank of Turkey stressed the importance of making structural reformations that can play a role in overcoming regular economy turbulences; especially during the economic instability of the Euro region.
Moreover, Istanbul's Stock Market Exchange Chairman and CEO said that Islamic financing has great potential to grow in Turkey that has an Islamic population.
It is worth noting that the event attracted shareholders, legislators and supervisory authorities to discuss the challenges facing Islamic banking. Four events preceded this event and the issuance of Sukuk in Turkey, in addition to KFH-Turkey were discussed for issuing Sukuk for the first time in Turkey.
In addition, KFH-Turkey's business model was applauded by prominent officials who took part in the summit, such as the governor of the Nigerian and UAE central banks, and the chairman of Istanbul bourse.
The annual summit aims to attract participants from all sectors of financial services industry from all over the world.