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Islamic finance: Unlocking its potential and strengthening stability

Published: Updated:



Turkey’s presidency of the G20 group has placed Islamic bonds – known as Sukuk - on its list of top priorities in 2015, with the financial instruments offering investors opportunities to back infrastructure projects.

To discuss the issue, the G20, the IMF and Al Arabiya News Channel jointly organized a panel discussion on the sidelines of this year’s IMF and World Bank Spring Meetings in Washington DC.

The panel hosted Ali Babacan the deputy prime minister and finance minister; Zeti Akhtar Aziz, the governor of Bank Negara Malaysia; Pierre Gramegna, minister of finance of Luxembourg; Min Zhu, deputy managing director of the IMF and Ahmad Mohamed Ali al-Madani , the president of the Islamic Development Bank. The moderator was Naser el-Tibi, a senior producer and presenter at Al Arabiya News Channel.