Securing financial stability and generating growth is at the top of the global economic agenda, especially after years of uncertainty and sluggish development following the 2008 financial crisis. More and more countries, Muslim and non-Muslim, are now seeking an economic model that is more equitable and sustainable. The concept of the Islamic economy is increasingly gaining global traction in the past few years. It has been proven to be more resilient, and it has presented to the world its vast potential to bring upon peace and prosperity with its underlying principle of being ethical and inclusive.
The 11th WIEF will see the continuous promotion of Islamic economy as it convenes world leaders, government representatives, economists, academia, and the business community to address pressing economic and social issues. The Forum also promotes the values of cross-border business and economic partnerships as it provides an international platform for governments and the business community to showcase their cutting-edge ideas, galvanise support, and recruit collaborators.
The 11th WIEF will take place on 3-5 November 2015 at Kuala Lumpur Convention Centre, Kuala Lumpur, Malaysia.
The world has seen the rise and fall of economies. The once powerful dollar was severely weakened in the aftermath of the global debt crisis. The strong Euro was also threatened with disintegration after the near collapse of some of the union’s key economies. In the wake of the crisis, economic powerhouses such as China and Russia are transforming the global economic landscape, ending the monopoly of the dollar.
With that, the world saw the emergence of strong economies in Africa, Asia, and other continents, bringing to the fire new players in the global economy. In such context, innovative partnerships are more paramount than ever before in forging greater collaboration between nations and bringing a new era of prosperity for the global economy.