Dushanbe, Tajikistan-19.05.2013 - President of the Islamic Development Bank (IDB) Dr. Ahmad Mohamed Ali, has called on the members of Central Asian Countries to work together for their economic development. Dr. Ali made the remark during the opening ceremony of the 8th Global Forum on Islamic Finance taking place in Dushanbe, the capital of Tajikistan.
“Economic activities cannot prosper without certain principles. These principles include cooperation and collaboration between members of the community. Islamic finance is built on certain values, and for economic activities to prosper, there has to be cooperation. IDB is eager to establish systems of Islamic financing in member countries”, the IDB president emphasized.
In his welcome address, Mr. Davlatali Saidov, Chairman of Tajikistan’s State Committee on Investments and State Property Management (SCISPM) stated that the Islamic financial system is the alternative to the conventional banking model. He added that already the government of the Republic of Tajikistan has taken steps for the establishment of Islamic banking in the country. According to the Mr. Saidov, the Islamic financial system drew further strength from the financial crisis the world has
been facing.
At the end of the opening ceremony, the Director General of IRTI, Professor Azmi Omar donated a number of books on Islamic finance translated into Russian language to Mr. Saidov..