Turkey’s Central Bank added a credit expert and Islamic economist to its board in a meeting Nov. 3.
Sabri Orman and Ahmet Faruk Aysan filled two empty seats on the board, the Central Bank said in a statement yesterday. (source)
Orman was serving as the rector of Istanbul Commerce University until May this year. The religious vocational high school graduate was a research scholar at the London School of Economics and worked at the International Islamic University and the Islamic Thought and Civilization University in Malaysia. He has published papers and contributions on the origins of Islamic economic thought, Ottoman economic thought and the economic principles of Islamic theologian and jurist Abu Hamid al-Ghazali, according to a biography on the Istanbul university’s website. Published works include “Money, Interest and Islam.”
Aysan has a doctorate from the University of Maryland College Park. He was previously an adviser to the World Bank and the Turkish Central Bank. He lectures at Istanbul’s Boğaziçi University. Aysan has published work on the credit markets in Turkey. He has also written about determinants of Turkish exports, inter-bank funds, non-price competition in credit cards and net interest rate margins during the global crisis, Bloomberg news said.
The Central Bank board is composed of the governor and six members.
