Download - Expert Group Meeting on Islamic Banking and Finance Statistics Ankara, Turkey 25-26 March 2014
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Expert Group Meeting on Islamic Banking and Finance StatisticsAnkara, Turkey25-26 March 2014
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The Forum; Initiated - 20th session of the Standing Committee for Economic and Commercial
Cooperation of the OIC (COMCEC) – 2004 Dedicated platform and communication channel for the members Currently 58 members from 37 countries:
o 43 stock exchangeso 7 clearing, settlement, registry and depository institutionso 8 related organizations (SESRIC, IIFM, IFSB etc.)
Note: Blue represents observers, green represents members
Background
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Background
First Round-table Meeting, Istanbul - March 2005 Second Annual Meeting, Istanbul - October 2008
A working committee and four task forces established First Working Committee Meeting, Tehran - May 2009 Third Annual Meeting, Istanbul - October 2009
Task forces renamed and new tasks assigned Final Report submitted to the COMCEC In the COMCEC meeting, regulatory bodies of the OIC member states requested to establish a
similar platform to boost cooperation efforts
Third Working Committee Meeting, Abu Dhabi - April 2010 Fourth Annual Meeting, Istanbul - October 2010 Fifth Annual Meeting, Istanbul- September 2011 Sixth Annual Meeting, Istanbul- September 26, 2012 Seventh Annual Meeting, Istanbul- September 19, 2013
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S&P/OIC COMCEC 50 Shariah Index
Background: The Index project started back in 2009 Customized Indices and Exchange Traded Islamic Financial Products Task Force coordinated the
project Motive: Absence of a Shariah-compliant index constituting companies from OIC stock markets Rising demand for Islamic financial securities Purpose: Increasing awareness about OIC markets Facilitating collaboration among OIC Exchanges Promoting the Forum Creating different investment alternatives through structured products based on the Index Providing a benchmark for OIC markets’ performances
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Capital Market Linkages Bi-lateral and/or multi-lateral linkages
Trading
Technological infrastructure
Post-trade services
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Islamic Capital Market Instruments
• The Forum will continue to work on the introduction of Islamic products (Sukuk, Exchange Traded Funds etc.)in coordination with international organizations such as IIFM and IFSB
• The Forum Secretariat will perpetuate the efforts to work with Islamic banks to develop trading of such products
Source: International Islamic Financial Market (IIFM)
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• The Forum Coordinator will continue to work on the improvement of the Forum web site and the Newsletter.
• Members to share information about their markets to be posted at the Newsletter.
website newsletter
Promotion Activities
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The way forwardDecisions of the Seventh Annual Meeting
Task Force on Indices
continue its work with S&P Dow Jones, IDB and fund managers
Task Force on Commodity
Markets
address new trendscreate a platform to
share experience
Capital Market
Linkages
project summaries distributed to Forum
members
Islamic Capital Market
Instruments
standardized product definition for Islamic
repo products
Promotional activities
- newsletter- pilot study
knowledge and capacity
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Thank you.