Proceedings of the 12th Meeting of the COMCEC
Financial Cooperation Working Group
The 12th Meeting of the COMCEC Financial Cooperation Working Group was held on March
28th, 2019 in Ankara, Turkey with the theme of “Infrastructure Financing through Islamic
Finance in the OIC Member Countries”. The representatives of 23 Member States, which have
notified their focal points for the Financial Cooperation Working Group, attended the Meeting.
Representatives of COMCEC Coordination Office, SESRIC, SMIIC, IIRA, CIBAFI, AAOIFI, the OIC
Exchanges Forum, the COMCEC Capital Markets Regulators Forum, OIC-COMCEC Central Banks
Forum, IDB Group and Kuveyt Turk Participation Bank have also attended the Meeting.
At the outset, the representative of the COMCEC Coordination Office informed the participants
about the financial outlook of the OIC Member Countries. It was followed by the presentations
made by Prof. Habib AHMED on the infrastructure financing through Islamic finance.
The participants elaborated the infrastructure financing through Islamic finance by focusing
on the research report titled “Infrastructure Financing through Islamic Finance in the Islamic
The Representatives of the Member States shared their experiences, achievements and
challenges on the infrastructure financing through Islamic finance in their respective
countries. The participants had the chance to discuss the policy options for enhancing the
cooperation in this important field in a moderation session.
The efforts exerted by the international institutions and private sector on the infrastructure
financing through Islamic finance were also reflected to the discussions.
The list of participants is attached as Annex 1.