Turkish President Recep Tayyip Erdoğan has said that participation finance represents a more just and secure economic model not only for Muslim countries but for the global financial system as a whole.

Speaking at the 3rd Global Islamic Economy Summit held at the Istanbul Financial Center, Erdoğan underlined the growing importance of participation finance as part of Islamic finance and its potential role in reshaping global economic structures.

In his address, Erdoğan described participation finance as an integral component of Islamic finance that offers a fairer and safer alternative for the world economy.

“Participation finance, an integral part of Islamic finance, offers a more just and safer model for not only Muslims but the entire world,” he said.

He added that participation finance includes a wide range of sectors such as banking, capital markets, insurance, savings finance, and social finance, forming a comprehensive system that could contribute to the development of a new global financial architecture.

Erdoğan also emphasized that participation finance is a strategic pillar for Türkiye’s economic development and financial stability.

He noted that the system is considered an important tool in strengthening the resilience of the national economy while contributing to long-term financial sustainability.

The president’s remarks reflect Türkiye’s ongoing efforts to expand participation banking and strengthen its role within the global Islamic finance sector. (ILKHA)