As the gravity of financial center slides to the East from the West, Istanbul is an important alternative to fill the gap, a senior Turkish official told Anadolu Agency.

“The potential of Istanbul in Islamic finance can be utilized not only for Muslims but also for global financial system,” according to Serkan Yuksel, the director of the Istanbul Finance Center Department of the Turkish Presidency.

His remarks came during the 13th Mediterranean Week of Economic Leaders (MedaWeek) last month, of which Anadolu Agency is a global communications partner.

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