ALBAWABA - On Friday, President Recep Tayyip Erdoğan criticized the shortcomings of international institutions in regard to Israel's assaults in Gaza, as reported by Daily Sabah, underlining the inequalities present in the existing global system and the need of involvement financing.
In his remarks at the Albaraka Islamic Finance Summit in Istanbul, Erdogan emphasized that Israel's brutal offensive against Palestine's Gaza over the course of more than 230 days is proof positive that there is no institutional structure in the globe that could adequately safeguard those under oppression and stop the oppressors.
He stated that international systems had become unbalanced and referred to the widening wealth gap across the globe caused by capitalism, saying that “the richest 1% of the world's population holds nearly half of the total global wealth. Income justice has deteriorated and inequality is at its peak.”
Demonstrating how the global system has become unbalanced, uncertainty has grown, and instability and anarchy have taken over, the Turkish president added, according to Anadolu Agency, that “the Russia-Ukraine war broke out before the rubble of the destruction caused by the coronavirus pandemic was removed, and the Gaza crisis followed on October 7.”
“As Türkiye, we have been drawing attention to this situation for a long time. We have been saying that the global system needs to be redesigned with all its elements in line with today's realities,” he said, noting that people need to see and accept that “borders and distances cannot protect us as the world has turned into a gigantic village.”
During the two-day event, attended by over 1,500 people including well-known authorities from both Turkey and beyond, Erdogan indicated that a wide range of subjects would be covered during the conference, such as the Islamic economy and its moral precepts, Islamic investment vehicles, sustainable development, profit-driven businesses, and the notions of Waqf and Zakat.
