To ensure that the normalization process continues properly, the Central Bank of the Republic of Turkey will take the necessary policy steps, as it has done so far. Concluding my speech, I would like to thank you all for your participation.
Taking into account the distinct characteristics and specificities of Islamic finance, the effective implementation of these standards will contribute towards maintaining the soundness and stability of Islamic financial institutions. Liquidity management in the international Islamic financial system has also been strengthened with the establishment of the International Islamic Liquidity Management Corporation (IILM) in 2010 that will contribute towards facilitating efficient liquidity management and cross-border flows by Islamic financial institutions. On the domestic front, in Malaysia, the upcoming issuance of a ringgit denominated Mudharabah Certificate for  BIS central bankers’ speeches  1  liquidity management purposes by the central bank is the introduction of a new profit sharing instrument that is expected to contribute towards increasing the range of instruments in the global Islamic short term securities market. With returns that are linked to the performance of the underlying asset and tradability in the secondary market, it is expected to draw significant interest of international investors. Moving forward: transformative changes to grow beyond numbers The efforts taken to strengthen the global financial infrastructure of Islamic finance thus far have provided a solid foundation for the growth and internationalisation of the industry that is underpinned with soundness and stability. While the rapid growth of Islamic finance, attests to its resilience and competitiveness, the challenge before us is also to enhance its capacity to contribute towards inclusion and more balanced economic growth. Statistical numbers and projections are important performance indicators and benchmarks for the industry.