Istanbul to launch Center for Islamic Financial Studies

The World Bank plans to open the first Center for Islamic Financial Studies outside US territory, the president of the Istanbul Stock Exchange, Ibragim Turhan, told the fourth Istanbul Financial Summit attended by heads of central banks and financial institutions of Europe, the Gulf, South-Eastern Asia, the US and Canada.

The center will open in Istanbul. Turhan said that the opening will be announced in Washington in October.

The official noted that the Istanbul Energy Exchange will open in late 2013.

The main topic of the two-day summit in Istanbul is the financing of sustainable development.

Adapted from Vestnik Kavkaza