Turkiye: Economic Miracle 


Start: 1st October 2022

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About this MasterClass

You are invited for the first in the world Islamic case study of Turkiye's economy under the leadership of President Recep Tayyip Erdogan.

It is a story of Turkiye's relentless effort to become an economically self-sufficient nation. It captures the spirit of leadership that disrupted the economic order of the past and build the new vision for the future.

This MasterClass is based on Almir's first-hand knowledge and insights into the Turkiye's national economic strategy.


Key lessons

The key lessons that we could take from Turkiye's rapid economic success and transformation in the last 20 years is the importance of diversification of the manufacturing capacity and building resilience in the supply lines and value chains.

Turkiye as a case study offers an example of what is possible with the right policies and incentives that encourage economic growth.

For any nation or business to undergo similar transformation and become sustainable in the new global economy requires a coherent strategy and vision.

Turkiye's last two decades provides unique case study for Islamic economic leadership.


Day 1: Case study - Turkiye’s economic transformation

Phase 1: 1980s and 1990s (Before AK party)

  • Economic policies, key indicators, turmoils

Phase 2: 2001 Economic crisis

Phase 3: 2002 - 2018 Charting a New Course (Rise of AK party)

  • New direction and philosophy
  • Rapid growth, structural and regulatory changes

Phase 4: 2018 - 2022 Sailing against the tide

  • New economic challenge
  • Deglobalization and rise of Reginalisation
  • Beginning of the breakdown in global supply and value chains
  • Systemic shocks (pandemic, conflicts and tensions)
  • Understanding media/political criticism of President Erdogan's economic vision and policies.

Phase 5: Turkiye's path to become 5th largest economy in the world 

  • Transformation of economy for the future. 


Day 2: Lessons from Turkiye's economic transformation

  • Lessons about the Future of Economic Leadership
  • Lessons for the Islamic economic development.
    • Business focus, requirements and responsibilities
    • Balancing wealth creation, wealth protection, and wealth distribution
  • What countries and economies are strategically positioned for the future?
    • How to start an economic transformation journey - as a business, household or country?
  • Key lessons - summary
  • Discussion and Q&A
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Course details:

Start date:
 1st Oct, 2022

Course Deliver: Live online classes (90 minutes per session + 30 min Q&A). Sessions are repeated twice on the same day - first at 2pm and then at 10pm (AEDT) with recordings available for 6 months.

Length: 2 weeks.

Live Sessions on: 1st and 8th October, 2022 (AEDT)

All live sessions take place on Saturday at 2pm Australian Eastern Daylight Time (AEDT) and again repeated live on the same day at 10pm (AEDT). Convert to your local time zone > here <


This MasterClass is suitable for those who want to understand future economic trends.

No prior knowledge or qualifications are necessary.

Instructor: Almir Colan

Almir Colan is the Director of Australian Centre for Islamic Finance (AUSCIF) and CEO at Olive Investments. Almir is also an adviser to number of institutions that provide Islamic finance and member of a working group at AAOIFI.

Previously, Almir was a consultant lecturer and board member for the Master of Islamic Banking and Finance Course at La Trobe University.

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$85 USD

MasterClass registration

  • 2 LIVE MasterClass Sessions + Q&A after each session
  • 6 months access to session recordings



After registration:

After registration login in via www.almircolan.com/login to view content.



Global Trade // In the news

HSBC report:

  • The COVID-19 pandemic and Russia’s invasion of Ukraine have rocked global supply chains.
  • Prior to COVID-19, some companies had sought to diversify markets amid US-China trade tensions.
  • We may see similar moves post-pandemic, with companies moving certain activities to nearby economies, rather than fully reshoring, in order to de-risk their supply chains.
  • The latest push to shorten some value chains could also lead to a rise in regionalisation.
  • The days of “hyperglobalisation” are clearly behind us.

In a changing world, a resilient economy should be able to adapt to whatever is next.

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This MasterClass was developed in association with the Australian Centre for Islamic Finance (AUSCIF).

If you have any questions email us at [email protected]