The 16th Meeting of the COMCEC Financial Cooperation Working Group was held on September 9th-10th, 2021, in a virtual-only format with the theme of “The Role of Islamic Finance in Supporting Microenterprises and SMEs against COVID-19”.

The representatives of 21 Member States, which have notified their focal points for the Financial Cooperation Working Group, attended the Meeting. The meeting was further attended by the representatives of the SESRIC, SMIIC, IsDB, CIBAFI, OIC Exchanges Forum, COMCEC Capital Markets Regulators Forum, OIC-COMCEC Central Banks Forum, Participation Banks Association of Turkey (TKBB), Ziraat Portföy, and COMCEC Coordination Office.

The Representatives of the Member States have shared their experiences, achievements, and challenges on improving the role of Islamic Finance in supporting SMEs against the COVID-19 pandemic. The Meeting has also considered the all case-country studies along with the final draft of the research report prepared on the said theme and participants formulated policy recommendations that will be submitted to the Ministerial Exchange of Views Session of the 37th COMCEC Session.

For further information on the Meeting, follow the links below: