World Bank Group President Jim Yong Kim opens the Global Center for Islamic Finance in Istanbul.
World Bank Group President Jim Yong Kim opens the Global Center for Islamic Finance in Istanbul as part of a two-day visit to Turkey that focused on enhancing the partnership between the Bank Group and Turkey.
On the occasion of the opening, Kim stated that the center is a symbol of the Bank Group’s shared objectives of developing Islamic finance and maximizing its contribution to poverty alleviation and shared prosperity in client countries.
“It is my hope that this center will become the cornerstone for these efforts, serving as a knowledge hub,” emphasized World Bank Group President Jim Yong Kim, “with Turkey taking a leading role in designing and delivering cutting-edge technical assistance, advisory services, as well as generating and disseminating practical knowledge on how to make Islamic finance more relevant for growth and development.”
The Global Center is envisaged as a knowledge hub for developing Islamic finance globally, conducting research and training, and providing technical assistance and advisory services to World Bank Group client countries interested in developing Islamic financial institutions and markets.