Interest-Free World Economy Conference

MÜMDER Chairman of the Board of Directors Adem Ceylan has spoken before the conference and stated that his scholarship studies have been completed and their distribution has been realized. Referring to the custody project, Ceylan said that 10 students were included in the project for this training period. Ceylan said that this year's program will continue with the support of the Ministry of Youth and Sports and gave information about the İdlib Marmara School Project. MUSIAD President Abdurrahman Kaan talked about how important the universities were to the business and the society. He pointed out that MUSIAD was waiting for the universities at the point of raising a virtuous and moral generation. Kaan said that they saw young people's dynamic and new-minded minds as a treasure.

Abdurrahman Kaan informed about the interest,saying; "The system that does not conflict with the human nature and does not conflict for the purpose of existence, which will provide economic development and prosperity, is the interest-free economic system,  40% of the world's resources are owned by Islamic countries, but the desired developmental progress does not happen in any way’’.Kaan said that the share of Islamic countries in world income is around 9%. In this case; Kaan has pointed out that the natural resources of our country can not be evaluated adequately. He’s pointed out that the main reason for this is that we are behind technological developments. Kaan has stated that Islamic countries trade between themselves at 2% level, and about 600 billion dollars are flew to non-Muslim countries. "The basic need of a state is the young population that will provide employment.This situation would turn into a great opportunity for Muslim countries over the next 20-25 years and  provide an advantage for the young population and the population growth rate in Turkey.

Referring to the fact that the traditional financial system often produces crisis, he said "The system  providing real growth is the participation  financing model. Participation financing is the most prominent feature of participatory financing, which includes non profit-sharing partnership, protection of savings owners' savings, transfer of funds more efficiently and thus supporting a sustainable growth process. We need to rebuild the circulation not money-driven.We need to consider  goods, services, workforce and prosperity . The basic concepts of finance and the human side need to be reconsidered. We need a structure that keeps human values above financial values, keeps society's income above individual income, a structure that doesn’t exploit, consume and destroy, but build, produce and sustain systems. We have to build systems based on human finance basis that knows how money works, the manufacturers, products and processes. "

 

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