The 17th Meeting of the COMCEC Financial Cooperation Working Group was held on May 9th, 2022, in a virtual-only format with the theme of “Standardization Efforts in Islamic Finance”.

The representatives of 26 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, AAOIFI, CIBAFI, OIC Exchanges Forum, COMCEC Capital Markets Regulators Forum, OIC-COMCEC Central Banks Forum, Participation Banks Association of Turkey (TKBB), Ziraat Portföy, UNDP Istanbul International Center for Private Sector in Development (IICPSD), and COMCEC Coordination Office.

The Representatives of the Member States and international institutions have shared their experiences, achievements, and challenges on increasing the Standardization Efforts in Islamic Finance. The Meeting has also considered the first case-country study (Türkiye)  along with the first draft of the research report prepared on the said theme.