How WIEF Started

The World Islamic Economic Forum began from a modest beginning as the Organisation of Islamic Corporation (OIC) Business Forum, held on 15 October 2003 in conjunction with the tenth OIC Summit in Putrajaya, Malaysia. It was an occasion that brought together government leaders, captains of industry, academicians, regional experts, professionals and corporate managers to discuss opportunities for business partnerships in the Muslim world.

Then in 2004, the second OIC Business Forum in Kuala Lumpur marked a momentous occasion. It shaped the World Islamic Economic Forum (WIEF) and the subsequent convening of the first WIEF in Kuala Lumpur the following year.

WIEF stands to promote global commerce and economic wellbeing while inciting Islamic ethics of peace, fairness and equality. This meant the Forum was open to, and included, all Muslim countries as well as non-Muslim ones from around the world.

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This was an important shift that opened up the Forum to include Muslim communities beyond OIC countries and other non-Muslim communities across the globe.

Objectives

  • To enhance the economic well-being of Muslim nations through encouraging trade and business opportunities not only among themselves also the world at large.
  • To package the Muslim world as a lucrative trade and investment caucus that is able to attract foreign investors and business partners worldwide.
  • To strengthen networking and foster strategic alliances through the exchange of ideas, information and knowledge.
  • To promote dialogue and foster cooperation among all business people because collaboration is important for 21st century international relations and can become genuine bridges towards peace and prosperity between Muslim and non-Muslim world.