Moreover, the lack of technical and contract standardization seems to weaken the potential of Islamic finance, as an alternative financing against the conventional financial institutions. Besides, the customer base needs enlargement including household services. The regulation and supervision framework of Islamic financial institutions should also be improved. In conclusion, the current crisis has given an opportunity to Islamic financial institutions to prove their potential. As their products limit the excessive leverage and the disruptive financial innovations, they have confirmed their products’ advantages to ensure macroeconomic stability. This may lead the way for Islamic financial institutions to expand and improve. Dear Guests As you may know, the Central Bank Governors of the Organization of Islamic Conference gathered yesterday in Istanbul upon the invitation of the Central Bank of Turkey on the 40th anniversary of the OIC and 25th anniversary of the Standing Committee for Economic and Commercial Cooperation of OIC. The purpose of that meeting was to make a meaningful contribution to the ideal of reaching a sustainable and stable global order based on the principles of justice, equity, participation and freedom fort he humanity to reach peace and prosperity that embraces differences between the civilizations as a source of richness and not as a reason for clash. Our objective is to make these meetings permanent that convenes regularly every year to stipulate our common views and decisions regarding the issues that concern the member countries. Once again I extend my warm welcome to all participants.

But, eventually, the potential investors and creditors have to believe that: -  the political and security shocks in the region and inside the country are behind us,  -  the economy accelerates its growth, which over the recent years is not below 4% real GDP growth,  -  we preserve high macro-economic stability that implies exceptionally disciplined monetary and fiscal policies, which in turn result in low inflation, stable exchange rate and foreign exchange market, sustainable trade and current account deficits and strictly controlled public debt and that these policies for maintaining macro-economic stability will be further conducted, as a prerequisite for good business,  -  the price stability policy will be further implemented,  -  the growth will accelerate registering rates higher than before,  -  serious structural reforms are underway under the leadership of the government in cooperation with the World Bank and the IMF. The tax policy has undergone reforms by reducing the tax burden. The administration has undergone reforms for increasing its capacity. Additional reforms in the financial sector and improvement of the financial market operations have been underway. There are reforms in the cadastre. The conditions for foreign direct investments have been improving. The process of economy deregulation has been underway. The judiciary reforms have improved the efficiency in the contract execution. The ownership rights have been protected. The bank soundness and safety have been strengthening. The depositors feel that and repay with over 20% deposit growth over the last several years.