Workshop on Islamic Finance in the National Accounts
Date : 31 October - 02 November 2018 Venue : Ankara Turkey

The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), Statistics Division of the Economic and Social Commission for Western Asia (ESCWA), and United Nations Statistics Division (UNSD) will jointly organize the Workshop on Islamic Finance in the National at SESRIC Headquarters in Ankara, Turkey on 31 October – 2 November 2018. Experts, who are directly involved in the compilation of Islamic finance statistics for the national accounts in their countries, will participate in the workshop.

Experts from regional and international organizations and individual experts are also invited to participate as resource persons. All the participants are members of the Task Force on Islamic Finance established under the Intersecretariat Working Group on National Accounts (ISWGNA) that receives its mandate from the United Nations Statistical Commission (UNSC).

The objectives of the Workshop are to enhance the capacity of participants to; better understand the differences between Islamic finance and conventional finance and their implications for the national accounts; apprehend and apply the draft recommendations and guidance to classify the Islamic financial instruments according to their sectors and record Islamic finance transactions in the national accounts; and review the recommendations to improve the coordination between regional and international organizations in the collection of statistics on Islamic finance.

The Workshop will cover the following topics:

  • Sectorization of Islamic financial corporations
  • Classification of Islamic financial instruments and corresponding property income
  • Calculation of output and value added of Islamic financial services
  • Coordination between regional and international organizations in the collection of statistics on Islamic finance

Through collaboration with various stakeholders at national and international levels such as membership in the ISWGNA Task Force on Islamic Finance, SESRIC closely follows up the developments in the Islamic finance statistics arena and strengthens the synergy to improve the Islamic finance data quality and sound infrastructure for better data production and dissemination.