GCC Islamic Banking industry to go global at the 9th WIEF in London

Reading Time: 4 minutes

weif1As the United Arab Emirates (UAE) continues to play a leading role in global Islamic finance, senior dignitaries from the World Islamic Economic Forum set the stage for the forthcoming 9th WIEF conference introducing the theme of ‘Changing World, New Relationships’

Former Deputy Prime Minister of Malaysia and now, Chairman of the WIEF, the Hon Tun Musa Hitam, outlined the role of WIEF within the wider Islamic finance community at an exclusive event held in Dubai ahead of the conference which will be held in London on October 29 – 31, 2013.

Chairman of the WIEF, the Hon Tun Musa Hitam, said: The forthcoming 9th World Islamic Economic Forum will be a great opportunity to build bridges towards peace and prosperity between the Muslim and non-Muslim world through the common language of business. The WIEF will showcase the very best that the Islamic world has to offer as a lucrative trade and investment hub.”

The forum has run since 2004 and has been a strong advocate of Islamic Finance in Muslim and non-Muslim communities around the world with Dubai an increasingly influential driver of Islamic trade and developing Islamic economy.

As part of the delegation, Mr Ashruff Jamall, Global Islamic Finance Leader at PwC in Dubai, said, “Demand for Islamic finance is expected to grow rapidly and more than double in the next four years. Strategically, Dubai is very well placed to capitalise on the huge growth opportunities this creates, and maintain its pioneering status, not just in Islamic finance but in other industries such as tourism, leisure and food. The forum will be an excellent opportunity for key players to build relationships and share best practice.”

With the United Arab Emirates (UAE) playing a significant role in Islamic economic principles and global businesses seeking high level of interest from Muslim and non-Muslim delegates, the 9th World Islamic Economic Forum (WIEF) sets stage in Dubai ahead of the main conference.  The core objective of the forum is to enhance the economic well-being of the people of Muslim nations and Muslim communities worldwide through increasing trade and business opportunities amongst them, as well as the world at large.

The forum will also package the Muslim World as a lucrative trade and investment caucus that is able to attract foreign investors and business partners from various countries worldwide. The meeting will also enable networking and foster strategic alliances through the exchange of ideas, information and knowledge.

Entitled ‘Changing World, New Relationships’, the 9th WIEF which will be held on 29-31 October 2013 at Excel London, United Kingdom, is the first time the event will meet outside the Muslim world. The forum has previously been held in Malaysia, Kazakhstan, Indonesia, Kuwait and Pakistan.  In addition to helping communities in need and supporting big and small companies, entrepreneurs and start-ups, the forum is committed to encapsulate the emergence of new economic linkages between nations across borders, religions and cultures in a fast changing world.

Approximately 1,500 government leaders, captains of industries, academic scholars, regional experts, professionals and corporate managers from 100 countries will come together at the Forum to boost trade partnerships between Islamic and European markets. Islamic finance will be an issue of special interest at the 9th WIEF given London’s aspirations of becoming a global hub for this industry. Other key areas which will be covered at the Forum include ‘Women in the Corporate World’, ‘Promoting Transnational Education’ and ‘Developing Global Connectivity through Digital Technology’, among others.

Speakers from the world of politics will include:

  1. The Hon. Dato’ Sri Mohd Najib Tun Abdul Razak, Prime Minister of Malaysia & Patron, WIEF Foundation
  2. The Rt Hon David Cameron MP, Prime Minister of the United Kingdom
  3. HM Sultan Hassanal Bolkiah, Sultan of Brunei Darussalam
  4. H.E. Mian Muhammad Nawaz Sharif, Prime Minister of Pakistan, Islamic Republic of Pakistan
  5. HRH Prince Salman bin Hamad Al Khalifa, Crown Prince of Kingdom of Bahrain
  6. H.E. Bakir Izetbegovic, Member of Presidency of Bosnia and Herzegovina
  7. H.E. Atifete Jahjaga, President of Kosovo
  8. H.E. Craig Cannonier, Premier of Bermuda
  9. The Hon Tun Abdullah Hj Ahmad Badawi, Former Prime Minister of Malaysia
  10. Mr Boris Johnson, Mayor of London, United Kingdom
  11. The Hon. Dato’ Sri Mustapa Mohamed, Minister of International Trade & Industry, Malaysia
  12. The Rt Hon Lord Stephen Green, Minister of State for Trade and Investment, United Kingdom
  13. The Rt. Hon. Baroness Warsi, Senior Minister of State, Foreign & Commonwealth Office, United Kingdom
  14. The Hon. Tan Sri Dato’ Sri Dr Zeti Akhtar Aziz, Governor, Central Bank of Malaysia
  15. H.E Abdulla Mohammed Saleh, Governor, Dubai International Financial Centre, United Arab Emirates
  16. H.E. Hamood Sangour Al Zadjali, The Executive President, Central Bank of Oman, Sultanate of Oman
  17. The Rt. Hon Greg Clark MP, Financial Secretary to the Treasury, United Kingdom
  18. The Rt. Hon Alan Duncan MP, Minister of State for International Development, United Kingdom

The global Islamic Finance market has grown at 23 per cent Compound Annual Growth Rate (CAGR) to over $1.2 trillion and is expected to reach $2.6 trillion by 2017, with the Middle East and North Africa (MENA) region and Asia accounting for a large part of the growth.London will seek to extend its role as a western hub for Islamic finance, building on the £22.3 billion that has been raised to date, by promoting its status as the leading exporter of financial services across the world.

About the World Islamic Economic Forum (WIEF)

  • The WIEF Foundation, a not-for-profit organisation based in Kuala Lumpur, organises the annual World Islamic Economic Forum, a world-class business platform showcasing business opportunities in the Muslim world, and runs programmes of the various initiatives of the Foundation that strengthen people partnership and knowledge exchange between Muslim and non-Muslim communities across the globe.
  • The WIEF has previously held forums in Malaysia, Kazakhstan, Indonesia, Kuwait and Pakistan, and aims to bring together Muslim and non-Muslim communities through the common language of business.
  • The 9th WIEF will be held at London’s Excel Centre from October 29 – 31, 2013.
  • The Forum is supported by the Government of Malaysia, the UK Government, UK Trade and Investment, the Foreign and Commonwealth Office, and the Mayor of London.

 (Advertorial)

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 4 minutes

As the United Arab Emirates (UAE) continues to play a leading role in global Islamic finance, senior dignitaries from the World Islamic Economic Forum set the stage for the forthcoming 9th WIEF conference introducing the theme of ‘Changing World, New Relationships’

Reading Time: 4 minutes

weif1As the United Arab Emirates (UAE) continues to play a leading role in global Islamic finance, senior dignitaries from the World Islamic Economic Forum set the stage for the forthcoming 9th WIEF conference introducing the theme of ‘Changing World, New Relationships’

Former Deputy Prime Minister of Malaysia and now, Chairman of the WIEF, the Hon Tun Musa Hitam, outlined the role of WIEF within the wider Islamic finance community at an exclusive event held in Dubai ahead of the conference which will be held in London on October 29 – 31, 2013.

Chairman of the WIEF, the Hon Tun Musa Hitam, said: The forthcoming 9th World Islamic Economic Forum will be a great opportunity to build bridges towards peace and prosperity between the Muslim and non-Muslim world through the common language of business. The WIEF will showcase the very best that the Islamic world has to offer as a lucrative trade and investment hub.”

The forum has run since 2004 and has been a strong advocate of Islamic Finance in Muslim and non-Muslim communities around the world with Dubai an increasingly influential driver of Islamic trade and developing Islamic economy.

As part of the delegation, Mr Ashruff Jamall, Global Islamic Finance Leader at PwC in Dubai, said, “Demand for Islamic finance is expected to grow rapidly and more than double in the next four years. Strategically, Dubai is very well placed to capitalise on the huge growth opportunities this creates, and maintain its pioneering status, not just in Islamic finance but in other industries such as tourism, leisure and food. The forum will be an excellent opportunity for key players to build relationships and share best practice.”

With the United Arab Emirates (UAE) playing a significant role in Islamic economic principles and global businesses seeking high level of interest from Muslim and non-Muslim delegates, the 9th World Islamic Economic Forum (WIEF) sets stage in Dubai ahead of the main conference.  The core objective of the forum is to enhance the economic well-being of the people of Muslim nations and Muslim communities worldwide through increasing trade and business opportunities amongst them, as well as the world at large.

The forum will also package the Muslim World as a lucrative trade and investment caucus that is able to attract foreign investors and business partners from various countries worldwide. The meeting will also enable networking and foster strategic alliances through the exchange of ideas, information and knowledge.

Entitled ‘Changing World, New Relationships’, the 9th WIEF which will be held on 29-31 October 2013 at Excel London, United Kingdom, is the first time the event will meet outside the Muslim world. The forum has previously been held in Malaysia, Kazakhstan, Indonesia, Kuwait and Pakistan.  In addition to helping communities in need and supporting big and small companies, entrepreneurs and start-ups, the forum is committed to encapsulate the emergence of new economic linkages between nations across borders, religions and cultures in a fast changing world.

Approximately 1,500 government leaders, captains of industries, academic scholars, regional experts, professionals and corporate managers from 100 countries will come together at the Forum to boost trade partnerships between Islamic and European markets. Islamic finance will be an issue of special interest at the 9th WIEF given London’s aspirations of becoming a global hub for this industry. Other key areas which will be covered at the Forum include ‘Women in the Corporate World’, ‘Promoting Transnational Education’ and ‘Developing Global Connectivity through Digital Technology’, among others.

Speakers from the world of politics will include:

  1. The Hon. Dato’ Sri Mohd Najib Tun Abdul Razak, Prime Minister of Malaysia & Patron, WIEF Foundation
  2. The Rt Hon David Cameron MP, Prime Minister of the United Kingdom
  3. HM Sultan Hassanal Bolkiah, Sultan of Brunei Darussalam
  4. H.E. Mian Muhammad Nawaz Sharif, Prime Minister of Pakistan, Islamic Republic of Pakistan
  5. HRH Prince Salman bin Hamad Al Khalifa, Crown Prince of Kingdom of Bahrain
  6. H.E. Bakir Izetbegovic, Member of Presidency of Bosnia and Herzegovina
  7. H.E. Atifete Jahjaga, President of Kosovo
  8. H.E. Craig Cannonier, Premier of Bermuda
  9. The Hon Tun Abdullah Hj Ahmad Badawi, Former Prime Minister of Malaysia
  10. Mr Boris Johnson, Mayor of London, United Kingdom
  11. The Hon. Dato’ Sri Mustapa Mohamed, Minister of International Trade & Industry, Malaysia
  12. The Rt Hon Lord Stephen Green, Minister of State for Trade and Investment, United Kingdom
  13. The Rt. Hon. Baroness Warsi, Senior Minister of State, Foreign & Commonwealth Office, United Kingdom
  14. The Hon. Tan Sri Dato’ Sri Dr Zeti Akhtar Aziz, Governor, Central Bank of Malaysia
  15. H.E Abdulla Mohammed Saleh, Governor, Dubai International Financial Centre, United Arab Emirates
  16. H.E. Hamood Sangour Al Zadjali, The Executive President, Central Bank of Oman, Sultanate of Oman
  17. The Rt. Hon Greg Clark MP, Financial Secretary to the Treasury, United Kingdom
  18. The Rt. Hon Alan Duncan MP, Minister of State for International Development, United Kingdom

The global Islamic Finance market has grown at 23 per cent Compound Annual Growth Rate (CAGR) to over $1.2 trillion and is expected to reach $2.6 trillion by 2017, with the Middle East and North Africa (MENA) region and Asia accounting for a large part of the growth.London will seek to extend its role as a western hub for Islamic finance, building on the £22.3 billion that has been raised to date, by promoting its status as the leading exporter of financial services across the world.

About the World Islamic Economic Forum (WIEF)

  • The WIEF Foundation, a not-for-profit organisation based in Kuala Lumpur, organises the annual World Islamic Economic Forum, a world-class business platform showcasing business opportunities in the Muslim world, and runs programmes of the various initiatives of the Foundation that strengthen people partnership and knowledge exchange between Muslim and non-Muslim communities across the globe.
  • The WIEF has previously held forums in Malaysia, Kazakhstan, Indonesia, Kuwait and Pakistan, and aims to bring together Muslim and non-Muslim communities through the common language of business.
  • The 9th WIEF will be held at London’s Excel Centre from October 29 – 31, 2013.
  • The Forum is supported by the Government of Malaysia, the UK Government, UK Trade and Investment, the Foreign and Commonwealth Office, and the Mayor of London.

 (Advertorial)

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid