Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, presented the awards to the winners in various categories
UAE Banks Federation (UBF), the unified voice and representative of UAE Banks, has entered into a Memorandum of Understanding with The Participation Banks Association of Turkey (TKBB), a leading representative association of Turkish banks, with the aim of exchanging expertise to support the banking sector and financial industry.
The MoU, which is similar to several other MoUs which UBF has entered into with a few countries, also aims to build stronger bonds between financial institutions at both parties to actively contribute to the development and growth of all banking business that falls under UBF and TKBB. In addition, the MoU targets organising a multitude of banking events, workshops, skill-enhancing programs, and training sessions.
“This MoU will enable us to share the key components of our success with regional/global counterparts, while enabling us to benefit from their experience in the field. It also helps produce a favorable ground for information-, expertise-, and knowledge-transfer, which contributes to further development of the banking sector in both countries,” said UBF director-general, Jamal Saleh.
Saleh added: “Moreover, this MoU will provide banking institutions in Turkey with information about UAE’s appealing banking and investment ecosystem, while highlighting the considerable growth that UAE Banks have achieved in terms of reputation, legislation, and procedures that are aimed to protect customers and guarantee that they are treated in a fair and transparent manner. This collaboration agreement also means more communication with TKBB to increase awareness about common regulatory matters, promote best industry practices, and host a series of seminars, forums, and other events in common-interest areas.”
"This agreement will contribute to strengthening the international cooperation of Turkish banks ensuring the sustainable growth of the banking sector, the expansion of the Islamic finance sector, and the upgrading of services at a global level,” said Ismail Vural, acting secretary-general of the Association of Participation Banks of Turkey.
"Our cooperation with UAE Banks Federation will achieve our national and international goals in establishing strong relationships between financial institutions on both sides. We are working on developing banking participation and diversifying joint financing products through cooperation and exchange of knowledge and experience together,” added Vural.
business@khaleejtimes.com
Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, presented the awards to the winners in various categories
Apart from the road network, the exclusive island will feature a helipad, and plans are afoot to connect it through waterways from Abu Dhabi and Dubai
Move aims to deepen multi-sectoral cooperation
The new development is setting new benchmarks in luxury living, combining opulent amenities with breathtaking natural landscapes
Brands in the UAE and the region have been advised to create the right awareness schemes that they’re deemed neutral
The American reinforces his dominant position as No 1 in the Official World Golf Ranking for a fourth victory in five outings
Ten-year-old Kristoff Davidson enthusiastically looking forward to playing more ‘sixes’ golf after tasting success
How this band from Philippines became idols of a new brand of pop music and cracked the top 10 of the Billboard Social 50 chart