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PM backs Islamic finance forum

World Islamic Economic Forum Foundation | World Islamic Economic Forum Foundation

2 min read Partner content

Prime Minister David Cameron is to attend the World Islamic Economic Forum (WIEF) in London next month.

Organisers said Islamic finance will be an issue of special interest at the conference “given London’s aspirations of becoming a global hub for this industry”.

It is the first time that the conference, which is now in its ninth year, has been held outside the Muslim World.

Mr Cameron will address the forum, along with Mayor of London Boris Johnson, FCO Minister Baroness Warsi, Financial Secretary to the Treasury Greg Clark and Alan Duncan, Minister of State for International Development.

Also attending are The Sultan of Brunei, the Prime Minister of Pakistan, the Crown Prince of Bahrain, the President of Kosovo and the Premier of Bermuda.

The global Islamic Finance market is now worth more than US$ 1.2 trillion (£748bn).

It is expected to reach US$2.6 trillion by 2017, with the Middle East and North Africa region and Asia accounting for a large part of the growth.

Entitled ‘Changing World, New Relationships’, the 9th WIEFwill be held on 29 to 31 October at Excel London.

More than 1,500 government leaders, captains of industries, academics, regional experts, professionals and corporate managers from 100 countries will come together at the forum to boost trade partnerships between Islamic and European markets.

In addition to helping communities in need and supporting big and small companies, entrepreneurs and start-ups, the forum will focus on the emergence of new economic linkages between nations across borders, religions and cultures in a fast changing world.

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.

Other themes at the forum include ‘Women in the Corporate World’, ‘Promoting Transnational Education’ and ‘Developing Global Connectivity through Digital Technology’.

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 WIEFwill showcase the very best that the Islamic world has to offer as a lucrative trade and investment hub.”

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