Finance: Islamic bank looks to Turkey's sukuk, IDB head says
23 September, 12:50
(ANSAmed) - ANKARA, SEPTEMBER 23 - The President of the Islamic Development Bank (IDB) Ahmad Mohamed Al-Madani has urged Turkey to mobilize "sukuk" (Islamic bonds) to facilitate the flow of capital from Arab countries, while also suggesting that Turkey could arrange an investment conference in order to attract Arab capital. Al-Madani, in an exclusive interview with daily Radikal held on the occasion of the opening of Ankara's branch of the (IDB) in the presence of of President Abdullah Gul, highlighted the full confidence that they had in Turkey, as he noted that he didn't have any direct or unconfirmed information about claims that the Arab capital has been inclined to leave Turkish markets. "It is very natural to have an office for IDB in Ankara to enhance this relationship," Al-Madani said in Ankara, while pointing to Turkey's "very constructive" cooperation with the IDB for the last 39 years as one of the "major founding members.
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