Author Archives: Alperen Zengin

Annual Islamic Economic and Finance 2015 Symposium has been held

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The two-day Islamic Economic and Finance 2015 Symposium ended yesterday. The Symposium was organized by the World Bank Group`s Global Islamic Finance Development Center (GIFDC) in partnership with Borsa İstanbul, Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI), and Guidance Financial Group at Boğaziçi University. The symposium brought together a broad range of participants from the academia, policy-making circles, and the private sector.

The Annual Islamic Economic and Finance 2015 Symposium was held by the World Bank Group Global Islamic Finance Development Center (GIFDC), Borsa İstanbul, Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI) and Guidance Financial Group.

The symposium brought together a broad range of participants from the academia, policy-making circles, and the private sector. The Symposium’s objective is to become a major international forum engaged in thought leadership and knowledge development in this field.

The inaugural symposium, “Islamic Finance: A Catalyst for Shared Prosperity,” was held at Boğaziçi University Albert Long Hall.

Symposium

The keynote speakers at the two-day Symposium were World Bank Group`s Global Islamic Finance Development Center (GIFDC) Head Dr. Zamir Iqbal, Borsa İstanbul Chairman Dr. Talat Ulussever, Islamic Research and Training Institute (IRTI) Director General Prof. Mohamed Azmi Omar, Guidance Financial Group Chairman Dr. Mohamad Hammour, and Boğaziçi University Center for Applied Research in Finance (CARF) President Dr. Ali Coşkun.

Speakers in the Symposium included Dr. Andrew Sheng, Prof. Dr. Abbas Mirakhor, Dr. Muhammed Umer Chapra, Prof. Hossein Askari, and Prof. Dr. Murat Çizakça.

Luqyan Tamanni from University of Glasgow was the winner of Best Paper Award for the Inaugural Annual Symposium on Islamic Economics and Finance with his paper entitled “Islamic Microfinance Institutions: Pro-poor or for profit?” co-authored by Frank Hong Liu.

Boğaziçi University Center for Applied Research in Finance (CARF) was the venue sponsor of the event while Anadolu Agency and Islamic Finance News (IFN) were media partners.

Investors First Summit

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Investors First! Summit was held by CARF and CFA Society Istanbul in Boğaziçi University Albert Long Hall on 29 May 2015.

CFA Institute defines the main aim of this concept: “While the idea of putting investors first is simple and straightforward, in practice it can be difficult, and conflicts of interest abound. We recognize these challenges and seek to provide guidance on how to manage them. Clear and objective standards like the CFA Institute Code and Standards provide a foundation, and we are committed to promoting debate and discussion to move the industry forward and address complex matters.

With this work there are two important stakeholders: the financial services professionals that serve customers, and the customers themselves. For both groups we endeavor to provide resources to ensure that the future of finance is bright for everyone.”

Also CARF (Center for Applied Research in Finance) announced the first feedback of the pilot study “Investment Trust Survey” in this summit which includes key indicators for the players of the investment markets and the trust of investors.

News about the survey: http://www.finansgundem.com/gundem/iste-turkiye-yatirimci-guven-anketi-680365.htm

Yatırımcı Güven Araştırması2

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Entertainment Economy Summit

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Leaders of Entertainment Sector and Opinion Leaders were at Boğaziçi University on May 11 to 12.

For the first time in the 150 years old history of Boğaziçi University, the industry’s leading companies and names were hosted in the University’s South Campus building, Albert Long Hall at the first Entertainment Economy Summit in Turkey by the Faculty of Economics and Administrative Sciences and CARF (Center for Applied Research in Finance).

The summit was held with the support of IMG, Pozitif, Kitchenette and  Günaydın and funding process, organizational processes and branding in the entertainment industry were discussed by happy consumers’ sector leaders and the real professionals in the Entertainment Sector.

For the detailed information (Turkish);

http://www.eglencezirvesi.com/

`VIOP AKADEMI` Was Held

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Two day long VIOP Akademi training program, organized by Center for Applied Research in Finance founded with the collaboration of Borsa Istanbul and Bogazici University, was held on September 13-14th at Bogazici University Laboratories.

Participants were given theoretical information and practical examples about `VIOP AKADEMI` trainings and VIOP.

During the `AKADEMI` aimed at people who are willing to pursue a career in finance or who are currently working at financial markets, trainings were given by Vedat Akgiray, former president of SPK and lecturer at Bogazici University, Cenk Karahan, assistant professor at Bogazici University, Emrah Sener, assistant professor at Ozyegin University, Osman Yilmaz, portfolio manager at HSBC and Umit Yilmazcan, derivative products manager at Deutsche Securities.

Cetin Ali Donmez, vice president of Borsa Istanbul noted that :

`As Borsa Istanbul, we are working on increasing the knowledge of investors and employees. With the VIOP AKADEMI program organized in that context, we offered a detailed and practical trainings to the participants. We thank Bogazici University for their support while realizing this program.  We`ll continue our studies during the following years.`

Borsa Istanbul Group Manager Muammer Cakir who pointed out that VIOP is a relatively recent market in Turkey stated that:

`For that reason, as Borsa Istanbul VIOP, we attribute utmost importance to increasing the level of financial literacy. By realizing such a detailed program as VIOP Akademi along with the cooperation agreement signed with OIC (Options Industry Council) on options trainings, we took our efforts about this issue a step further.`

Ali Coskun, Director of CARF told that:

`Within the scope of VIOP AKADEMI program both academics and professionals have shared their experiences with participants.  Participants were conveyed theoretical and practical information in detail. We are pleased to be partners with Borsa Istanbul VIOP in such an educational organization. We`ll continue to realize such events with them for contributing to finance sector.`

During the two day long intense program, participants were informed in detail about `Derivatives Market(VIOP)`, `Pricing on Futures Market`, `Options Pricing Modelling`, `Options Valuation and Strategies`, `Volatiliy`, `VIOP and Portfolio Management` and `Derivatives with a Professional Approach` . At the end of the trainings participants were given a VIOP AKADEMI certificate by CARF.

Borsa Istanbul Organized And Held A Training For Stock Market Reporters On Derivatives Market(VIOP)

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The second one of the training series , that the first one was about “Equity Markets”, organized for stock market reporters by Borsa İstanbul was carried out under the title of “Derivatives Market”.

Center for Applied Research in Finance, founded with the collaboration of Bogazici University and Borsa İstanbul, hosted a “Derivative Markets Training” as part of the training series for stock market reporters with the contribution of Association of Economy Journalists on April 18th, 2014.

Cenk Karahan, Assistant Professor at Bogazici University, gave a lecture to participants about “financial derivative products, differences between spot and derivatives market, use of derivatives market, basic principles of derivatives market(VIOP).

Muammer Cakir, group manager of VIOP at Borsa Istanbul , informed the participants about `Financial Derivatives Product Market, what is VIOP, products operand at Borsa Istanbul VIOP, currency options as a new product at VIOP, access to VIOP data`.

Four trainings entitled `Equity Markets`, `VIOP`, `Debt Securities Market`, `Precious Metals and Diamonds Market` will continue with courses on April 25 and April 30 at Borsa Istanbul.  Media associates who attend all trainings will receive a `Stock Market Reporter` certificate.

IFN Turkey Forum 2014

IFN

Hosting a Roadshow in Turkey needs no explanation. With 70 million Muslims, a growing participation banking sector, numerous external financial service providers, and now a government showing its commitment to growing the Islamic finance industry through several big ticket Sukuk issuances over the last few years, Turkey is perhaps the most vibrant of markets in the industry today. 2013 saw major issuances by Albaraka Türk, Kuveyt Türk and the Turkish Treasury, while major conglomerates such as Agaoglu Group have come to the forefront of the Islamic project finance and capital market space.

First held in 2009, the IFN Roadshow in Istanbul has continued to develop and mature. Hosted and held at Borsa İstanbul, a body which has been instrumental in creating traction in Islamic finance within the Turkish market, the 2013 event witnessed over 200 senior industry practitioners attend from 15 countries. In 2014, with more support than before, we expect audience numbers to increase yet again. The IFN Turkey Forum is the go-to event for those looking to breach the Middle East and European markets.

Agenda

“Borsa Akademisi” Was Held

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120 participants attended the event which is organized in fall 2014

Instructors:

İMKB to Borsa İstanbul Transformation Period, Nihat Gümüş

BIST Participation and Guarantees, Barış Ersoy

Quotation, Public Offering and Listing, Alev Dumanlı

Capital Markets in Turkey, Orhan Erdem

Equity Market, Ahmet Cedimağar

Derrivatives Market (VIOP), Muammer Çakır

Debt Securities Market, Ercan Kıran

Yapı Kredi Banking Academy Was Held

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100 participants attended the event which is organized in fall 2014

Instructors:

Serkan Ülgen, Individual Banking & Card Payment Systems, EVP

Mert Öncü, Treasury and Financial Institutions, Assistant General Manager

Hale Tunaboylu, Head of Project and Structured Finance

Cihangir Kavuncu, Human Resources and Organisation, Assistant General Manager

Nurşah Kayak, Head of Operational & IT Risk Audit

Galip Berker, Head of Basel 2 Management

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