Istanbul: The 3rd Global Islamic Economy Summit is set to take place in Istanbul from June 3-6, bringing together global policymakers, central bank governors, investors, financial institutions, academics, and industry representatives. The event aims to facilitate discussions on the vital aspects of the Islamic economy.
According to Anadolu Agency, the four-day summit is organized by the AlBaraka Islamic Economy Forum under AlBaraka Summits Trkiye and will be held at Halkbank’s headquarters within the Istanbul Financial Center. This year’s theme, ‘Capital in the Islamic Economy: Structuring Wealth for Sustainable Development,’ will concentrate on ethical finance, sustainable development, and the future of Islamic economics and finance.
Key sessions will explore topics such as artificial intelligence, digital transformation, digital capital, financial innovation, Islamic fintech, sustainable liquidity ecosystems, and youth entrepreneurship. A flagship session titled ‘Digital Capital and Financial Innovation: Technology, Governance and Shariah Integrity’ will delve into the integration of artificial intelligence in Islamic finance operations, focusing on areas like credit assessment, risk monitoring, automated compliance, and tokenization of Shariah-compliant assets.
The summit will feature a special panel of central bank governors and ministers moderated by Mahmoud Mohieldin, UN special envoy on financing the 2030 Sustainable Development Agenda. The panel will include Fatih Karahan, governor of Trkiye’s Central Bank; Abdul Rasheed Ghaffour, governor of Bank Negara Malaysia; and Yahya Jawdat Hafez Shunnar, governor of the Palestine Monetary Authority. Discussions are anticipated to cover financial stability frameworks, capital flow governance, sustainable liquidity ecosystems, and economic resilience.
Trkiye’s Treasury and Finance Minister Mehmet Simsek will deliver a keynote address focusing on capital, development, and inclusive prosperity. The summit will also offer sessions tailored for young business leaders, entrepreneurs, and digital creators, emphasizing Islamic finance instruments, sustainable business models, and value creation in the digital economy.
Several memorandum of understanding signing ceremonies are scheduled to enhance cooperation among academia, finance, and industry sectors. Additionally, the first AlBaraka Strategic Report will be unveiled, outlining a vision for the future of the Islamic economy and its contribution to sustainable and inclusive growth.
Interactive sessions will take place under the Saleh Kamel Islamic Economics Award, which boasts a total award value of 1 million Saudi riyals ($266,500). The summit is organized in strategic partnership with the Investment and Finance Office of the Turkish presidency, Trkiye Wealth Fund, Istanbul Financial Center, Islamic Cooperation Youth Forum, and Ibn Haldun University.