Vakıf Katılım has become the first bank among participation banks which switched to “Person to Person Gold Transfer System”. İkram Göktaş, the General Manager of Vakıf Katılım, said “With Gold Transfer System, which is the first in Turkey and the world, it is possible to transfer the gold at EFT speed. We offer safe and fast gold transfer service to our customers.”
Vakıf Katılım has become the first institution among participation banks which switched to Person to Person Gold Transfer System. This system developed by İstanbul Settlement and Custody Bank Inc. (TAKASBANK) will allow gold transfer between accounts.
Gold accounts gained mobility
İkram Göktaş, the General Manager of Vakıf Katılım, said that “The gold deposit accounts at banks gained mobility with this system. By this means, the gold became a cash payment instrument”. Mr. Göktaş provided detailed information about the system and continued his words: “Being the first state bank having the “Market Maker” title in the Precious Metals and Diamond Markets of Istanbul Stock Exchange, Vakıf Katılım integrated its own banking system into Takasbank Gold Transfer System and started the person to person gold sending and receiving transactions in electronic environment on the first day of the implementation of the system. In this system, incoming-outgoing gold transfers are performed instantly by the instructions of the customers.”
"An important step towards İstanbul’s becoming a finance center”
Stating that an important step is taken towards İstanbul’s becoming an international finance center with transition to Person to Person Gold Transfer System, Mr. Göktaş further stated that “This system, which is one of the most significant components of İstanbul International Finance Center Project, will be a milestone of our country’s objective to become a gold center on a global scale. Within the scope of this system, where the certificate of activity is granted by the Central Bank of the Republic of Turkey, the golds of which the physical reserves are kept at safe boxes operated with the cutting edge technology of Istanbul Stock Exchange can be transferred at EFT speed between the banks included in the system. This system is the first in Turkey and the world and we are pleased to put this system into service.”