ISTANBUL (AA) – Istanbul Financial Center (IFM) General Manager Ahmet İhsan Erdem stated that Istanbul is one of the important centers of trade and logistics and said, “With the investments made under the leadership of President Recep Tayyip Erdoğan in the last 20 years, it has become a world-renowned logistics center. he said. The 3rd Global Islamic Economy Summit, organized under the auspices of the Presidency and within the scope of the AlBaraka Summit Series, of which Anadolu Agency is the Global Communication Partner, is being held at the Istanbul Financial Center Halkbank Headquarters.
IFM General Manager Erdem, in his speech titled Türkiye’s Participation Finance Ecosystem and Capital Mobilization: The Role of Financial Centers in Attracting Capital, made within the scope of the summit, said that Islamic finance offers an alternative approach for the world. Drawing attention to global uncertainties, Erdem said, “Especially the financial sector and capital are in search of more stability, operational efficiency and a supportive regulatory framework than ever before.” Financial centers also stand out at this point.
he said. Erdem stated that financial centers embody an ecosystem as well as physical infrastructure, and that these centers offer long-term decision-making and planning opportunities, create a safe field of activity for the financial sector, and are often supported by long-term tax incentives and commitments. Sharing his experiences with IFM as an international financial center, Erdem mentioned that IFM is a state project and the preparatory work for it dates back approximately 20 years.
Ahmet İhsan Erdem pointed out that four main areas of activity at IFM are supported by attractive incentive mechanisms and operational conveniences, and said: The first of these is financial service export activities. Secondly, qualified regional offices operating outside the financial services sector and providing services by moving their regional headquarters to IFM. The third important area of activity is cross-border trade.
Finally, financial technologies are also among the important areas supported by IFM. made the statement. Stating that a financial center should be built on the basic competencies of the country, Erdem said the following about the basic elements that Türkiye has in this respect: The first of these is location. Istanbul has always been one of the important centers of trade and logistics. It has become a world-renowned logistics center with the investments made under the leadership of President Recep Tayyip Erdoğan in the last 20 years.
The second element is the Turkish economy. The Turkish economy has a very diverse structure. Since economic activities are not based on a single area or sector, it exhibits a more resilient structure against shocks that may arise. The third element is human capital. Türkiye’s population is approximately 86 million and half of the population is under the age of 33. Therefore, human capital stands out as one of the most important elements in the creation of a financial center.
The last element is Istanbul itself. Istanbul is one of the most visited and lively cities in the world. In addition to its rich culture and historical heritage, it also offers the necessary infrastructure for both senior executives and international professionals to survive and run their businesses with ease.
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