The 3rd Meeting of the COMCEC Financial Cooperation Working Group was held on October 16th, 2014 in Ankara, Turkey with the theme of “Risk Management in Islamic Financial Instruments.”

The Meeting was attended by the representatives of 18 Member States, which have notified their focal points for the Financial Cooperation Working Group namely, Benin, Burkina Faso, Cameroon, Egypt, Indonesia, Iran, Jordan, Kuwait, Niger, Oman, Pakistan, Qatar, Saudi Arabia, Senegal, Togo, Tunisia, Turkey and Uganda. Representatives of COMCEC Coordination Office, Islamic Development Bank Group (IDB), SESRIC, Secretariat of the OIC Member States’ Stock Exchanges Forum, Secretariat of the COMCEC Capital Markets Regulators Forum, Islamic Financial Services Board (IFSB), World Bank Global Islamic Finance Development Center and Participation Banks Association of Turkey have also attended the Meeting.

The Representatives of the Member States have deliberated on risk management in Islamic financial instruments, identified challenges faced by the Member Countries, and provided policy recommendations to enhance the cooperation in this field. The Meeting has considered the Studies namely “Risk Management in Islamic Financial Instruments” and “Financial Outlook of the OIC Member Countries 2014”.

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

“Risk Management in Islamic Financial Instruments” “Financial Outlook of the OIC Member Countries 2014”