OIC Member States' Stock Exchanges Forum

The “Organization of Islamic Cooperation (OIC) Member States’ Stock Exchanges Forum Meeting” (Forum) was initiated with a decision taken in line with the request made by the Twentieth Session of the Standing Committee for Economic and Commercial Cooperation of the Organization of the Islamic Cooperation (COMCEC) for launching a framework of cooperation among the OIC stock exchanges. The first Forum meeting was held on March 28-29th, 2005 in İstanbul by Borsa İstanbul, as mandated in the 20th meeting in November 2004 of the COMCEC, to enhance cooperation among the stock exchanges of the respective countries.

The first Round-Table meeting on the promotion of cooperation among the OIC Member States’ Stock Exchanges, organised with this motivation was attended by the representatives of 11 OIC stock exchange[1] and the related 7 OIC institutions[2]. The “OIC Member States’ Stock Exchanges Forum” was named at this first Round-Table meeting.

Borsa İstanbul hosted the second Forum Meeting of the “Organization of Islamic Cooperation (OIC) Member States’ Stock Exchanges” in Istanbul on October 18-19, 2008 with the attendance of the representatives of 17  stock exchanges[3] and 7 Central Depositories, Clearing and Registry Institutions of the OIC Member States[4] and 11 other organizations[5].

As a significant step in the progress of strengthening cooperation among the OIC stock exchanges, the formation of the “Organization of Islamic Cooperation (OIC) Member States’ Stock Exchanges Forum” is an important milestone. It aims to provide a dedicated platform and communication channel for representatives of the relevant OIC organizations and institutions to discuss international cooperation activities and will offer participants the opportunity to share their experiences.




[1] Amman Stock Exchange-Jordan,  Bursa Malaysia Berhad-Malaysia,  Dhaka Stock Exchange-Bangladesh, Dubai Financial Market-United Arab Emirates, Borsa İstanbul -Turkey, Karachi Stock Exchange-Pakistan, Khartoum Stock Exchange-Sudan, Muscat Securities Market-Oman, Palestine Securities Exchange-Palestine, Tadawul-Saudi Stock Market-Saudi Arabia, Tehran Stock Exchange-Iran

[2] Ministry of Foreign Affairs of Turkey, COMCEC Coordination Office (State Planning Organization of Turkey), Federation of Euro-Asian Stock Exchanges (FEAS), The Islamic Chamber of Commerce and Industry (ICCI), The Islamic Center for Development of Trade (ICDT), Islamic Development Bank (IDB),  Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRTCIC)

[3] Amman Stock Exchange-Jordan,  Baku Stock Exchange-Azerbaijan, Bursa Malaysia Berhad-Malaysia, Chittagong Stock Exchange-Bangladesh,   Dhaka Stock Exchange-Bangladesh, Doha Securities Market-Qatar,  Dubai Financial Market-United Arab Emirates, Egyptian Exchange-Egypt, Islamabad Stock Exchange-Pakistan,  Istanbul Stock Exchange-Turkey, Kyrgyz Stock Exchange-Kyrgyz Republic, Lahore Stock Exchange-Pakistan, Muscat Securities Market-Oman, Palestine Securities Exchange-Palestine, Tadawul-Saudi Stock Market-Saudi Arabia, Tehran Stock Exchange-Iran, Toshkent Republican Stock Exchange-Uzbekistan

[4] Central Depository Company of Pakistan-Pakistan,  Central Securities Depository of Iran-Iran, Central Registry Agency of Turkey-Turkey, ISE Settlement and Custody Bank (Takasbank)-Turkey, Securities Depository Center of Jordan-Jordan, Misr for Central Clearing Depository & Registry-Egypt, Muscat Depository & Securities Registration Company-Oman

[5] Organization of Islamic Cooperation (OIC), COMCEC Coordination Office (State Planning Organization of Turkey), The Islamic Center for Development of Trade (ICDT), Islamic Development Bank (IDB), Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), Capital Markets Board of Turkey (CMB), Turkey,  Privatization Administration of Turkey, Islamic Financial Services Board (IFSB), Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Citibank EMEA,  Dow Jones Indexes