All Announcements

Apr 04, 2019

by OIC Forum Coordinator

Please find the 17th issue of the OIC Exchanges Forum Newsletter here.

Apr 04, 2019

by OIC Forum Coordinator

Please find the 12th issue of the OIC Exchanges Forum’OIC Exchanges Forum Newsletter here.

Apr 04, 2019

by OIC Forum Coordinator

Please find the 11th issue of the OIC Exchanges Forum’OIC Exchanges Forum Newsletter here.

Oct 12, 2015

by OIC Forum Coordinator

Please find the 9th issue of the OIC Exchanges Forum’OIC Exchanges Forum Newsletterhere.

Jul 08, 2015

by OIC Forum Coordinator

Please find the 8th issue of the OIC Exchanges Forum’OIC Exchanges Forum Newsletterhere.

Jun 16, 2015

by OIC Forum Coordinator

Please find the 7th issue of the OIC Exchanges Forum’OIC Exchanges Forum Newsletterhere.

Feb 24, 2014

by OIC Forum Coordinator

A series of Islamic Finance Conferences is planned for the year 2014 in Turkey. First of these events is to be organized by Borsa Istanbul with the collaboration of World Bank, Islamic Development Bank, INCEIF-The Global University of Islamic Finance, IDB Islamic Research and Training Institute, Kuwait Finance House, Durham University and Central Bank of the Republic of Turkey. It is to be held on 3rd and 4th of March 2014 under the theme “Implications of Participation Model in Finance”at Borsa İstanbul Conference Hall.

Feb 24, 2014

by OIC Forum Coordinator

A series of Islamic Finance Conferences is planned for the year 2014 in Turkey. First of these events is to be organized by Borsa Istanbul with the collaboration of World Bank, Islamic Development Bank, INCEIF-The Global University of Islamic Finance, IDB Islamic Research and Training Institute, Kuwait Finance House, Durham University and Central Bank of the Republic of Turkey. It is to be held on 3rd and 4th of March 2014 under the theme “Implications of Participation Model in Finance”at Borsa İstanbul Conference Hall.

Dec 19, 2013

by OIC Forum Coordinator

Aiming to form a regional network with Eurasian stock markets, Borsa İstanbul has acquired 24.38% of Montenegro Stock Exchange alongside its shareholdings in Baku, Kyrgyz and Sarajevo exchanges.

Montenegro Stock Exchange

Borsa İstanbul became a shareholder of Montenegro Stock Exchange (MNSE) by acquiring 24.38 percent of its capital. The partnership between Borsa İstanbul and MNSE will be a further step in the formation of a network of regional exchanges and will substantially strengthen Istanbul's position as an International Financial Centre.

“Strategic partnership with MNSE is a key step to extend our presence in this promising economic landscape. Borsa İstanbul is ready to share its broad experience with MNSE and aims to contribute to the further development of capital markets in Montenegro.” remarked Dr. İbrahim M. Turhan, Chairman and CEO of Borsa İstanbul.

Borsa İstanbul is also a shareholder of Kyrgyz Stock Exchange, Baku Stock Exchange and Sarajevo Stock Exchange.

About MNSE

Montenegro Stock Exchange (MNSE) was estab­lished in June 1993, pursuant to the Law on Money and the Capital Market. Between 1994 and 2000, at the Montenegro Stock Ex­change trading was mostly realized with gyro money and short-term securities, as these were allowed by the existing legislation. On 20 September 2001, six Montenegrin financial institutions and the Brokerage Business Associa­tion founded the New Securities Exchange of Mon­tenegro (NEX). In the beginning of 2011, two Montenegrin stock exchanges were integrated, through the merger of NEX to MNSE. January 10, 2011 was the first working day at the single Montenegro Stock Exchange. Market on the Montenegro Stock Exchange consists of the Official Market and Free Market. MONEX20 and MONEXPIF are the principal stock indexes of the Montenegro Stock Exchange. For further information, please visit Montenegro Stock Exchange at www.mnse.me and follow us on Facebook (www.facebook.com/MontenegroStockExchange), and Twitter (twitter.com/montenegroberza).

About Borsa İstanbul

Borsa Istanbul, through its subsidiaries (Takasbank and Central Registry Agency), is the sole provider in Turkey, of trading, settlement, custody and registry services for a wide range of products such as equities, debt securities, repo, warrants, options, futures, certificates and ETFs. Via a major reform in 2012 consummated by the new Capital Markets Law enacted in December 2012, Borsa Istanbul successfully completed its de-mutualization and privatization, as well as horizontal integration via acquisition of the derivatives and precious-metals exchanges, and vertical integration via control of the two domestic post-trade firms, with a strengthened regulatory backdrop in terms of enhancements in transparency and investor protection. For further information, please visit Borsa Istanbul at www.borsaistanbul.com/ and follow us on Facebook (www.facebook.com/borsaistanbul) and Twitter (www.twitter.com/borsaistanbul).

Dec 10, 2013

by OIC Forum Coordinator

Dear Members,

Please kindly find below announcement from Istanbul Settlement and Custody Bank Bank Inc.-Takasbank for your information.

OIC Exchanges Forum’OIC Exchanges Forum Coordinator

Dear Colleagues,

We are very happy to announce that Istanbul Settlement and Custody Bank Inc. (Takasbank) is one of the five pre-local operating units endorsed by Regulatory Oversight Committee for assigning Legal Entity Identifier (LEI) Codes.

LEI is a reference number to uniquely identify parties to financial transactions worldwide throughout all markets and legal systems and used for systemic risk measurement and monitoring. All the risks taken by the legal entities, even in different countries, will be monitored through the global LEI system which was decided to be implemented by the G-20 government presidents that Turkey is also a member of. The global LEI system would provide a valuable "building block" to contribute to and facilitate many financial stability objectives by quickly and clearly identifying entities, corporate networks, and connections between issues and the issuer. LEI codes will be issued in accordance with ““ISO 17442” standard”.

Legal entities are reaching international standards through Takasbank.

According to the international regulations, all the legal entities involved in financial transactions have to receive the LEI codes in order to trade in the capital markets. However, other legal entities who are not obliged by national laws can also apply for LEI codes to comply with the international standards. Takasbank obtained the required authorization from Financial Stability Board (FSB) and Regulatory Oversight Committee (ROC) under the sponsorship of the Capital Markets Board of Turkey in 2013. With ROC endorsement announced in November 2013, Takasbank has the opportunity to verify its compliance with international standards and thus, all national and international legal entities can confidently apply for LEI codes.

Application to Takasbank

Foreign legal entities who would like to apply for a LEI code can send their application forms, which can be found on Takasbank’s website (“www.takasbank.com.tr/en/Pages/Numaralandirma.aspx”). Also, with regard to LEI code allocation, we are making the necessary arrangements to introduce a web portal (‘www.LEITurkey.com’) in the beginning of 2014 to assign only LEI codes.

Collaboration on the authorization and endorsement as LOU

Takasbank would be happy to share its experience and know-how if you have not begun of LEI code allocation service or if you are planning to be endorsed for the allocation of LEI codes.

Furthermore, we will be happy to assist your legal entities to acquire their LEIs during the process while your good company or your numbering agency have been finalizing necessary infrastructure to provide this service.

For LEI related Issues please do not hesitate to e-mail us from

"lei@takasbank.com.tr"

Kindest Regards,

Takasbank Numbering Services

"lei@takasbank.com.tr"

Nov 04, 2013

by OIC Forum Coordinator

Below please find the final report of the Seventh OIC Exchanges Forum’OIC Exchanges Forum Meeting.

Best regards,

OIC Exchanges Forum’OIC Exchanges Forum Coordinator

OICOIC Exchanges Forum - 7th Meeting final report

Oct 24, 2013

by OIC Forum Coordinator

We are pleased to introduce you the 2nd issue of the OIC Exchanges Forum' Exchanges Forum Newsletter.

Newsletter Issue 2

Oct 24, 2013

by OIC Forum Coordinator

We are pleased to share with you the second issue of the MENA Corporate Governance Newsletter, providing an overview of recent developments in the region as well as OECD’s recent activities.

MENA Second Newsletter

Oct 24, 2013

by OIC Forum Coordinator

OECD Report on "State Owned Enterprises in Middle East and North Africa: Engines of Development and Competitiveness?" was published.

English and Arabic version of the report can be found by clicking on the links below:

MENA SOEs ENG MENA SOEs ARABIC

Jul 19, 2013

by OIC Forum Coordinator

Launch of Borsa İstanbul

On April 5, 2013, a bell ringing ceremony was organized at Borsa İstanbul’s headquarters in İstinye on the occasion of the launch of Borsa İstanbul, a prominent project of the Turkish financial world. Hosted by Borsa İstanbul Chairman & CEO İbrahim M. Turhan, the ceremony was attended by Prime Minister Recep Tayyip Erdoğan and other distinguished members of the government, private sector and international representatives.

As part of the İstanbul International Financial Centre project - positioning İstanbul as a significant actor in the global financial scene and a regional hub in Euroasia region- İstanbul Menkul Kıymetler Borsası (İMKB) merges with İstanbul Gold Exchange and Turkish Derivatives Exchange under the new brand “Borsa İstanbul”. Borsa İstanbul has plans to incorporate Energy and Commodity contracts in its markets in the near future as well.

With its renewed structure, Borsa İstanbul has become a joint stock company and will work to improve capital markets with diverse set of financial products and services as the sole trading platform in Turkey.

For further information, please visit Borsa İstanbul’s new website at www.borsaistanbul.com .

Jun 27, 2013

by OIC Forum Coordinator

We are pleased to introduce the first issue of OIC Exchanges Forum’OIC Exchanges Forum Newsletter.

We intend to make this newsletter a regular publication and provide updates regarding news and developments in relation to capital markets in OIC countries.

In order to bring to your attention the most relevant and up-to-date content your contributions would be highly appreciated. Please share with us news, developments and upcoming events that might be relevant, we will do our best to include these contributions in future issues.

Feb 15, 2013

by OIC Forum Coordinator

A memorandum of understanding (MoU) was signed between Mr. Murat Ulus, CEO of ISE Settlement and Custody Bank Inc. (Takasbank) and Mr. Maher Zouar, General Manager of Tunisian Depository & Clearing (TDC). With this MoU, both institutions aim to lay the foundations of cooperation in post-trade operations between two institutions through exchange of information and know-how regarding their best practices and experiences on international settlement and custody services as well as organizing joint events in order to improve the understanding and knowledge of capital markets in both countries.

Feb 04, 2013

by OIC Forum Coordinator

A memorandum of understanding (MoU) was signed between ISE Settlement and Custody Bank Inc. (Takasbank) and Japan Securities Depository Center, Inc. (JASDEC) by Mr. Murat Ulus, CEO of Takasbank and Yoshinobu Takeuchi, Chairman of JASDEC. This MoU aims to collaborate closely on prospective cross-listed ETFs operation and to lay the foundations of cooperation in post-trade operations between two institutions through exchange of information and know-how regarding international settlement and custody services paving the way to provide added value to the technical cooperation and post-trade services development in relation to the prospective cross-listed ETFs carried on between Borsa Istanbul and Japan Exchange (JPX).

Nov 19, 2012

by OIC Forum Coordinator

Memorandum of understanding signed between Takasbank and MCDR

A memorandum of understanding (MoU) was signed between ISE Settlement and Custody Bank Inc. (Takasbank) and Misr for Central Clearing, Depository and Registry (MCDR) by Mr. Murat Ulus, CEO and Board Member of Takasbank and Mr. Mohammed S. Abdel Salam, Chairman and Managing Director of MCDR. This MoU aims to lay the foundations of cooperation in post-trade operations between two institutions through exchange of information and know-how regarding international settlement and custody services paving the way to provide added value to the technical cooperation and post-trade services development in relation to the market linkage carried on between Borsa Istanbul and Egypt Exchange (EGX).

Jun 25, 2012

by OIC Forum Coordinator

S&P/OIC COMCEC 50 Shariah Index, a joint index of the Organization of the Islamic Conference (OIC) Member States’OIC Exchanges Forum and S&P Indices, started being disseminated on 22nd June 2012.

The launch cermony took place during the second meeting of the OECD Task Force of MENA Stock Exchanges for Corporate Governance in “The Marmara Taksim Hotel”, with the presence of Mr. Mehmet Metin Eker, Director General of the COMCEC Coordination Office; H.E. Mr. Vefahan Ocak, Director General of the OIC Cabinet and Principal Advisor and representatives of the OIC Exchanges Forum' Stock Exchanges.

For more information:

SP OIC COMCEC Index Press Release

Feb 03, 2012

by OIC Forum Coordinator

Mr. Ibrahim M. TURHAN, Ph.D. was appointed as the Chairman and CEO of the İMKB on January 1, 2012 for a term of four years.

Mr. TURHAN, took over the chairmanship from his predecessor Mr. Hüseyin ERKAN with a ceremony held at the Istanbul Stock Exchange on January 2, 2012.

Prior to his appointment, Mr. TURHAN held the positions of Deputy Governor and member of the Monetary Policy Committee at the Central Bank of the Republic of Turkey.

Mr. Ibrahim M. TURHAN, Ph.D

Chairman & CEO, Istanbul Stock Exchange

President, Federation of Euro-Asian Stock Exchanges (FEAS)

Member, World Federation of Exchanges (WFE) Board of Directors

Mr. İbrahim M. Turhan, born in 1968 in Izmir-Turkey, graduated from Lycée de Galatasaray İstanbul (Galatasaray High School). In 1987, he entered Boğaziçi University, Faculty of Economics and Administrative Sciences, Department of Management.

After successfully achieving his undergraduate degree, he joined the Institute for Banking and Insurance Studies at the Marmara University in Istanbul, as research and teaching assistant, where he pursued his graduate studies in financial economics. He received his MA degree in International Banking in 1995, and his Ph.D. degree from the same university in 2001.

Mr. Turhan was awarded a scholarship from the Marmara University Research Fund, and conducted a research on ‘the saving and investment behaviours of Turkish households’ at the European Institute in the University of Geneva (L'Institut Européen de l'Université de Genève IEUG). He also worked as a visiting research fellow at the Banking Centre in Loughborough University.

Mr. Turhan lectured at various universities in Istanbul. He joined the Yeditepe University as an assistant professor, where he worked as the head of the International Business and Trade Department and the Banking and Insurance Management Department. Mr. Turhan also held the positions of Director of School of Vocational Studies and Director of School of Foreign Languages in the same university.

Mr. Turhan has many articles on financial economics, macroeconomics, and political economy published in periodicals in Turkish and English. He served as Managing Editor and Editor in Chief in sectoral journals published on banking, finance and finance technologies.

On April 1st 2004, while he was working as a part-time assistant professor at the Faculty of Economics and Administrative Sciences in Beykent University, Istanbul, Mr. Turhan was elected as Board Member by the General Assembly of the Central Bank of Turkey. Mr. Turhan was elected as member of the Monetary Policy Committee by the Board on June 7th, 2006. He was appointed as Deputy Governor on May 8th 2008. He also served as a member of the Advisory Board of the Contemporary Turkish Studies Chair at the London School of Economics and Political Science (LSE) European Institute until the end of 2011.

Mr. Turhan is a member of the Leaders' Circle as well as the Advisory Board of the Global Economic Symposium organized by the Kiel Institute for the World Economy.

Mr.Turhan was appointed as the Chairman and CEO of the İMKB on January 1, 2012.

Feb 03, 2012

by OIC Forum Coordinator

The Board of Directors of the Chittagong Stock Exchange (CSE) in its 16th AGM held on December 1, 2011 elected Mr. Al Maruf Khan, FCA as the new President of the CSE.

Mr. Syed Sajid Husain has recently been appointed as the Chief Executive Officer (CEO) of Chittagong Stock Exchange with effect from November 1, 2011.

Dec 01, 2011

by OIC Forum Coordinator

Please kindly find the Report from the link below:

Final Report of the Fifth Meeting of the OIC Exchanges Forum’OIC Exchanges Forum [September 17-18, 2011, Istanbul]

Aug 25, 2011

by OIC Forum Coordinator

The OIC Exchanges Forum’OIC Exchanges Forum Coordinator is pleased to announce that the IMKB hosted the Fifth OIC Exchanges Forum’OIC Exchanges Forum (the Forum) on September 17-18, 2011, at the Marmara Hotel Taksim in Istanbul. Moreover, in line with the decision taken at the fourth meeting of the Forum, a seminar on capital market linkages and technology was held on September 17, 2011.

Best Regards,

OIC Exchanges Forum’OIC Exchanges Forum Coordinator

Final Report of the Fifth Meeting of the OIC Exchanges Forum’OIC Exchanges Forum [September 17-18, 2011, Istanbul]

Aug 25, 2011

by OIC Forum Coordinator

Aug 25, 2011

by OIC Forum Coordinator

OIC Exchanges Forum’OIC Exchanges Forum Coordinator is pleased to announce that the Fourth “OIC Exchanges Forum’OIC Exchanges Forum” meeting and the Working Committee meeting was be hosted by the İMKB, in Istanbul, Turkey on October 2-3, 2010Moreover, as a part of its efforts towards increasing awareness on Islamic Financial Markets, İMKB also hosted the Islamic Financial Services Board’s (IFSB) Seminar on Islamic Capital Markets on October 1, 2010 in Istanbul, Turkey.

Final Report of the Fourth Meeting of the OIC Exchanges Forum’OIC Exchanges Forum [October 2-3, 2010, Istanbul, Turkey]