Istanbul Hosts Third Global Islamic Economy Summit
The four-day summit, running through June 6, is organized by the AlBaraka Islamic Economy Forum under AlBaraka Summits Türkiye and is being held at Halkbank's headquarters within the Istanbul Financial Center. Anadolu serves as the event's global communications partner.
Theme: Structuring Wealth for a Sustainable Future
This year's summit is anchored around the theme "Capital in the Islamic Economy: Structuring Wealth for Sustainable Development," with sessions spanning ethical finance, digital transformation, Islamic fintech, AI integration, sustainable liquidity ecosystems, and youth entrepreneurship.
A headline session titled "Digital Capital and Financial Innovation: Technology, Governance and Shariah Integrity" will place artificial intelligence at the forefront of discussion — examining its application in credit assessment, risk monitoring, automated compliance, and the tokenization of Shariah-compliant assets.
Central Bank Governors Convene for High-Level Panel
Among the summit's most anticipated moments is a special ministerial and central bank panel moderated by Mahmoud Mohieldin, UN Special Envoy on Financing the 2030 Sustainable Development Agenda.
The panel brings together Fatih Karahan, Governor of Türkiye's Central Bank; Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia; and Yahya Jawdat Hafez Shunnar, Governor of the Palestine Monetary Authority.
A Significant Gap in Ethical Investment Access
Junaid Wahedna, founder of digital halal investment platform Wahed, used the opening panel — titled "Capital Formation in the Digital Age: Concrete Realities" — to highlight the stark shortage of accessible, interest-free investment solutions available to Muslim investors globally, pointing to the gap as a core motivator behind his platform's founding.
'We Cannot Solve the Climate Crisis by Creating a Debt Crisis'
Mohieldin delivered a sobering assessment of the global economic landscape, warning of systemic fragility driven by conflict and an absence of decisive international leadership.
"And that's why there is no wonder that in the latest reports coming from the UN system, telling us that growth is below potential, inflation is higher than anticipated," he told media.
He pressed further on the interconnected nature of today's crises, delivering one of the summit's most pointed remarks on climate finance:
"We cannot solve the climate crisis by creating a debt crisis.
"So we need to invest, we need to mobilize public and private finance for mitigation for solar solutions, wind solutions, and renewable solutions."
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