The “4th International Islamic Accounting and Finance Conference”, held at Hasan Kalyoncu University (HKU), took place with the participation of 167 scholars from 13 different countries and top-level representatives of institutions and organisations from the sector.
The conference, held at the HKU Congress and Culture Centre, was opened with the participation of Capital Markets Board of Türkiye (SPK) Chair İbrahim Ömer Gönül, Member of Parliament of the TRNC Sunat Atun, HKU Rector Prof. Dr. Türkay Dereli, Rector of Gaziantep Islamic Science and Technology University Prof. Dr. Şehmus Demir, Ziraat Katılım Head of Strategic Planning and Financial Management Department Gürkan Çakır, protocol representatives, and faculty members and students.
- THE CENTURY IS WITNESSING AN ERA IN WHICH RAPID CHANGE AND TRANSFORMATION STAND OUT
HKU Board of Trustees Deputy Chair Haluk Kalyoncu, who made remarks about the 4th International Islamic Accounting and Finance Conference, said: “The 21st century we live in is witnessing an era in which rapid change and transformation stand out. This process brings with it changes that are reflected in our lives in many areas, from education to health and from production to tourism, as the world population grows rapidly, resource use is approached with new methods, and technological developments transform the business world. Concepts such as virtual reality, cryptocurrency, carbon footprint tracking, space travel and artificial intelligence have now become part of our daily conversations. In this great process of change, the finance sector holds an important place at the focal point. Banking and insurance practices are constantly evolving, new methods are being determined, and the sector is taking on the mission of shaping the future. In this context, the 4th Islamic Finance and Accounting Congress aims to understand the sensitivities in its field and to find solutions to the challenges encountered.”
WE ARE WORKING ON NEW INTEREST-FREE FINANCIAL PRODUCTS
Speaking at the opening of the conference, SPK Chair İbrahim Ömer Gönül said that, within the scope of the 12th Development Plan meetings, the Board is working intensively on new interest-free financial products aimed at increasing the share of participation finance in the sector. Noting that lease certificate issuances in Türkiye are carried out through Asset Leasing Companies, which are capital market institutions with joint-stock company status, Gönül stated that the number of Asset Leasing Companies operating in the country had reached 24 as of today. Gönül said that, in lease certificate issuances aimed at the domestic market in Türkiye, management contract-based and ownership-based lease certificate structures stand out. Drawing attention to the fact that the diversity in the sectoral distribution of lease certificate issuances also positively affects the diversity in lease certificate contracts, Gönül continued his speech as follows: “In parallel with the growth trend that the lease certificate market has achieved in recent years, the share of other lease certificate structures in the total issuance amount is also expected to increase. The participation indices, which were previously created through the initiatives of intermediary institutions operating in the capital market, were taken under Borsa İstanbul as of 2021, and began to be calculated in five different types: the BIST Participation 30 Index, the BIST Participation 50 Index, the BIST Participation 100 Index, the BIST Participation All Index and the BIST Sustainability Participation Index.”
167 SCHOLARS FROM 13 DIFFERENT COUNTRIES PARTICIPATED
Underlining that the congress was held with the participation of top-level representatives of the field and relevant institutions, Rector Dereli said: “As Hasan Kalyoncu University, we are delighted to be organising the fourth International Islamic Finance and Accounting Congress this year. With the interest shown in the third congress we organised last year, this year, at this congress organised by our Faculty of Economics, Administrative and Social Sciences with the participation of 167 scholars from 13 different countries and top-level representatives of institutions and organisations from the sector, in addition to scientific papers and speeches by sector executives, valuable speakers will share their up-to-date knowledge in two separate panels on ‘Islamic Finance Practices’ and ‘Islamic Finance and Development’. As in every field, in this field too we consider it important to provide our young people with the best education and to carry out scientific work towards solving the problems of our stakeholders.”
WE ARE WORKING WITH ALL OUR STRENGTH TO ENCOURAGE THE PRODUCTION AND INVESTMENT OF OUR STAKEHOLDERS
Gürkan Çakır, Head of the Strategic Planning and Financial Management Department of Ziraat Katılım, the main sponsor of the congress, said: “Since 2015, adhering to the principles of interest-free banking, we have been working with all our strength to support our country’s sector and to encourage the production and investment of our stakeholders. I believe that the discussions and negotiation outcomes of the 4th Islamic Accounting and Finance Congress will make significant contributions to the regulatory depth and development of our sector.”
