9th WIEF – LONDON

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29th – 31st October, 2013

London, United Kingdom

The 9th World Islamic Economic Forum was held on 29 – 31 October 2013 at the ExCel London. This was the Forum’s first annual event in Europe following successes in Malaysia, Kazakhstan, Indonesia, Kuwait and Pakistan.

At the 9th WIEF, sessions were adapted to increase delegates’ participation as they explored business and investment opportunities, as well as engaged in discourse on topical issues and how best to address them. Key areas of focus at the 2013 forum in London included Islamic banking and finance, technology, infrastructure development, health, exports, education and youth.

Please visit www.9thwief.org for more information.

Download the forum report here.

Topics Session Topics:
• Ministerial Panel: Policy Framework for Growth
• CEO Panel: Doing Business in a Changing World
• Face to Face: Smart Cities
• Designing the Future: Why Do We Need Smart Cities
• Central Bankers Panel: Harmonizing Global Standards on Islamic Finance
• Bankers Panel: Internationalizing Islamic Finance
• Developing Global Connectivity through Digital Technology
• Promoting Transnational Education
• Global Health Challenges: Stemming The Rise of Non-Communicable Diseases
• Exploring Microfinance in Social Enterprise
• Transformative Arts: Promoting a Positive Image
• Media Coverage, Covering the Transforming MENA region
• Developing the Concept of Halal Tourism
• Global Philanthropy: Investing in the Future
• Islamic Capital Market and Infrastructure
• Islamic Finance and Education
• Promoting Growth in the Halal Industries

WIEF Young Leaders Forum 2013:
• Capitalising the Online Market
• Youth Unemployment and Apprenticeship
• Financing Options for Start-Up Businesses

WIEF Businesswomen Forum 2013:
• Women in the Corporate World
• Islamic Finance: Empowering Women in Business
• Social Media: Opening Business Opportunity for Women

  • Abdulkader Thomas
    President & Chief Executive Officer,
    Shape Knowledge Services, State Of Kuwait
  • Adam Ismail Ebrahim
    Chief Executive Officer, Chief Investment Officer,
    Oasis Crescent (Uk) Ltd
  • Ali Aslan Gümüsay
    Doctoral Scholar, University Of Oxford &
    Chairman Of Zahnräder Network, Germany
  • Amr Al Menhali
    Head Of Islamic Banking
    Abu Dhabi Commercial Bank, United Arab Emirates
  • Andrea Vahl
    Social Media Consultant, www.Andreavahl.Com, United States Of America
  • Azeemeh Zaheer
    Head Of Institutional Relationships &
    Vice President, Wealth Management, Gatehouse Bank, United Kingdom
  • Bob Schukai
    Global Head Of Mobile Technology, Thomson Reuters, United States Of America
  • Boris Johnson
    Mayor Of London, United Kingdom
  • Clare Woodcraft
    Chief Executive Officer
    Emirates Foundation For Youth Development, United Arab Emirates
  • Dato’ Dr Norraesah Mohamed
    Trustee & Chairman, Wief Businesswomen Network, Malaysia
  • Dato’ Norhalim Bin Yunus
    Chief Executive Officer
    Malaysian Technology Development Corporation (MTDC), Malaysia
  • Dato’ Seri Jamil Bidin
    Chief Executive Officer
    Halal Industry Development Corporation Sdn Bhd, Malaysia
  • Dato’ Sri Dr Kamal Jit Singh
    Special Advisor, Agensi Inovasi Malaysia
  • Datuk Badlisham Ghazali
    Chief Executive Officer
    Multimedia Development Corporation (MDEC), Malaysia
  • Datuk Dr Noor Hisham Abdullah
    Director General, Ministry Of Health, Malaysia
  • Datuk Dr. Ir. Zaini Ujang
    Secretary General II, Ministry Of Education, Malaysia
  • Daud Vicary Abdullah
    Chief Executive Officer
    International Centre For Education In Islamic Finance (INCEIF), Malaysia
  • Dr Hany El Konayyesi
    Manager Of News Output, Al Jazeera English, United Kingdom
  • Dr Imran Kausar
    Founder, Halal Food Festival, United Kingdom
  • Dr Massoud Janekeh
    Director, Head Of Islamic Capital Markets, Bank Of London And Middle East Plc, United Kingdom
  • Dr Omar Saleh
    EHA Coordinator
    World Health Organization (WHO), Federal Republic of Somalia
  • Dr Ralf Speth
    Chief Executive Officer, Jaguar Land Rover, United Kingdom
  • Dr Sayd Farook
    Global Head Islamic Finance, Global Growth & Operations
    United Arab Emirates
  • Dr Smisha Agarwal
    Chief Executive Officer, Global Health Bridge
  • Dr Yousef Shahin
    Chief Disease Prevention & Control, Health Department
    United Nations Relief and Works Agency (UNRWA), Hashemite Kingdom Of Jordan
  • Duncan Clark Obe
    Chairman, BDA (China) Limited, People’s Republic of China
  • Ebrahim Patel
    Chairman, WIEF Young Leaders Network, WIEF Foundation
  • Enver Cebi
    General Manager, Crescent Tours, United Kingdom
  • Fazal Bahardeen
    Chief Executive Officer, Crescentrating, Republic of Singapore
  • Gillian Walmsley
    Head of Fixed Income Products
    London Stock Exchange, United Kingdom
  • Goris Mustaqim
    President and Founder, Asgar Muda Foundation
    Republic of Indonesia
  • E. Abdulla Mohammed Saleh
    Governor, Dubai International Financial Centre,
    United Arab Emirates
  • E. Dr Zeti Akhtar Aziz
    Governor
    Bank Negara Malaysia (The Central Bank of Malaysia), Malaysia
  • E. Hamood Sangour Al Zadjali
    The Executive President
    Central Bank of Oman, Sultanate Of Oman
  • E. Mallam Sanusi Lamido Sanusi (CON)
    Governor, Central Bank of Nigeria,
    Federal Republic Of Nigeria
  • E. Sultan Bin Nasser Al Suwaidi
    Governor, Central Bank Of The Uae
  • Hasan Aljabri
    Chief Executive Officer, SEDCO Capital, Kingdom Of Saudi Arabia
  • Hazem Galal
    Partner, State & Local Government Sector, PricewaterhouseCoopers
    State Of Qatar
  • Helena Morrissey Cbe
    Chief Executive Officer
    Newton Investment Management Ltd, United Kingdom
  • Iqbal Noor Ali
    Senior Advisor, Aga Khan Development Network
    United States of America
  • Jacqueline Muna Musiitwa
    Founder and Managing Partner, Hoja Law Group
    Republic Of Rwanda
  • Jeff Lynn
    Chief Executive Officer, Seedrs, United Kingdom
  • Jesse Honsa
    Co-Founder, Open Urban, Republic Of Turkey
  • Khalid A. Alireza
    Vice Chairman, Xenel Industries Ltd. Kingdom Of Saudi Arabia
  • Lauren Taylor
    Presenter, Aljazeera English, United Kingdom
  • Mark Rozario
    Chief Executive Officer, National Innovation Agency, Malaysia
  • Michelle Kreger
    Senior Director, Strategic Initiatives, Kiva, United States Of America
  • Mohamed Geraldez
    Entrepreneur, Investor & Motivational Speaker
    United States Of America
  • Muzaffar Hisham
    Chief Executive Officer, Maybank Islamic Head, Maybank Group Islamic Banking, Malaysia
  • Nedim Kaya
    Deputy Chief Executive Officer, Salamworld, Republic Of Turkey
  • Neil M. Denari
    Founder, Neil M. Denari Architects Inc, United States Of America
  • Nigel Denison
    Director, Head of Markets and Wealth Management, Bank of London and Middle East Plc, United Kingdom
  • Nisha Pillai
    News Anchor (BBC World News), United Kingdom
  • Philisiwe Mthethwa
    Chief Executive Officer, National Empowerment Fund
    Republic Of South Africa
  • Dame Julia King
    Vice Chancellor, Aston University, United Kingdom
  • Dato’ Dr Azmi Omar
    Director General, Islamic Research and Training Institute (IRTI)
    Islamic Development Bank, Kingdom Of Saudi Arabia
  • David Walker
    Deputy Chief Medical Officer England, Department of Health
    United Kingdom
  • Dr Uwe Krueger
    Chief Executive Officer, Atkins Plc, United Kingdom
  • Professor David Gann Cbe
    Vice-President (Development and Innovation)
    Imperial College London, United Kingdom
  • Professor Sultan T. Abu-Orabi
    Secretary General, Association of Arab Universities
    Hashemite Kingdom Of Jordan
  • Rabia Zargarpur
    President and Creative Director, Award-winning Fashion Brand, Rabia Z, United Arab Emirates
  • Raheel Mohammed
    Founder and Director, Maslaha, United Kingdom
  • Raja Teh Maimunah
    Chief Executive Officer, Hong Leong Islamic Bank, Malaysia
  • Samia Bouchareb
    General Manager
    Coca-Cola Morocco and Equatorial Africa Franchise, Morocco
  • Sehreen Noor Ali
    Head of Business Development, Noodle Education
    United States Of America
  • Taa Wongbe
    Managing Partner, The Khana Group for West Africa
    Republic Of Liberia
  • The Hon. Dato’ Sri Mustapa Mohamed
    Minister of International Trade & Industry, Malaysia
  • The Hon. Tun Abdullah Hj. Ahmad Badawi
    Former Prime Minister of Malaysia, Malaysia
  • The Rt Hon. Alan Duncan Mp
    Minister of State for International Development, United Kingdom
  • The Rt Hon. Lord Stephen Green
    Minister of State for Trade and Investment, United Kingdom
  • The Rt. Hon. Baroness Warsi
    Senior Minister of State, Foreign & Commonwealth Office
    United Kingdom
  • Tim Gore Obe
    Director, Global Networks & Communities, University of London
    United Kingdom
  • Tun Musa Hitam
    Chairman, WIEF Foundation, Malaysia
  • Vishnu Swaminathan
    Country Director / India Representative
    Ashoka Innovators for the Public, Republic Of India
  • Walid Sarieddine
    Assistant General Manager/Head of Islamic Finance
    Sumitomo Mitsui Banking Corporation Europe Ltd. (SMBCE)
    United Kingdom
  • Zeyba Rahman
    Senior Programme Officer
    Doris Duke Foundation, United States Of America

 

Statement The 9th World Islamic Economic Forum (WIEF) themed “Changing World, New Relationships” was held in London on 29-31 October 2013 at a time when the global economy remains fragile with high unemployment, rising expectations, and slow growth leading to increased demands for economic transformation.

The Forum was opened with a Keynote Address by the Hon. Dato’ Sri Mohd Najib Tun Abdul Razak, the Patron of the WIEF Foundation and Prime Minister of Malaysia; and Special Addresses by the Rt. Hon. David Cameron, Prime Minister of the United Kingdom; H.M. Sultan Hassanal Bolkiah of Brunei; H.M. King Abdullah II of Jordan; H.E. President Hamid Karzai of Afghanistan; H.R.H. Crown Prince Salman bin Hamad bin Isa Al Khalifa of Bahrain; and their Excellencies Bosniak Member of the Presidency Bakir Izetbegovic of Bosnia and Herzegovina, President Atifete Jahjaga of Kosovo, President Md. Abdul Hamid of Bangladesh, Head of Government Abdelillah Benkirane of Morocco, Prime Minister Muhammad Nawaz Sharif of Pakistan, Vice President Prof. Dr. Boediono of Indonesia, Deputy Prime Minister Sheikh Salem AbdulAziz Al-Saud Al-Sabah of Kuwait, Deputy Prime Minister Ali Babacan of Turkey, Deputy Prime Minister Dr Rowsch Nuri Shaways of Iraq, Deputy Prime Minister Asset Issekeshev of Kazakhstan, Premier Craig Cannonier of Bermuda and President of the Islamic Development Bank Dr Ahmad Mohamed Ali.

Also in attendance were the Hon. Tun Abdullah Ahmad Badawi, Founder Patron of the WIEF Foundation and former Prime Minister of Malaysia, Lord Mayor Alderman Roger Gifford, Mayor of London Boris Johnson, Chief Executives of leading corporations, key decision makers, thought leaders, academia, civil society, women and young entrepreneurs as well as representatives of the creative arts.

The 9th WIEF, the first to be held outside of the Muslim world, was historic in attracting 18 Heads of State and Government, 46 Ministers, 7 Central Bank Governors and 2,700 delegates from 128 countries.

The Leaders commended the WIEF and the UK Government for convening the 9th WIEF in London.

The Forum welcomed the statements made by the Leaders. It recognised in particular the Malaysian Prime Minister’s emphasis on women empowerment and the British Prime Minister’s announcement for Britain to become the first sovereign outside the Muslim world to issue a sukuk as well as his Government’s commitment to open up new forms of student loans and business start-up loans specifically for British Muslims.

The Forum appreciated the call by HRH the Prince of Wales for more sustainable and ethical business practices and the protection of nature’s capital resources. The Forum also noted the Mayor of London¡¦s affirmation of London¡¦s positioning as the centre for Islamic finance in Europe.

Expert presentations and constructive discussions were held on key issues including policy framework for economic growth, doing business in a changing world, developing smart cities, harmonising global standards for Islamic finance, capitalizing on online markets and global connectivity, promoting transnational education, supporting greater women¡¦s presence in the corporate world and addressing global health challenges.

The British Business Pavilion organised by the UK Trade and Investment, and other programmes promoting investments in Bosnia and Herzegovina, Kosovo, Afghanistan and Pakistan provided valuable opportunities for business.

The parallel programmes of Masterclasses, Roundtables, Special Programmes, Sponsor Programmes, MocaFest and the Business Networking Breakfast proved immensely popular and generated wide ranging dialogues on international business and economic collaboration.

The Forum agreed that in a fast changing world there are major challenges. The Forum acknowledged that the human economy matters as much as the financial economy and that the immediate imperative must be to restore trust and confidence with the emphasis on sustainable, balanced and inclusive growth. This will require measures to:

i. Reduce the economic gap by fostering greater cooperation across economies,

ii. Enhance mutual trust by expanding collaboration across cultures and nations,

iii. Expand the role of the private sector in economic development and as a partner for comprehensive human development,

iv. Reform governance of the global financial system

The Forum endorsed the important role played by the WIEF in contributing to overcoming the above challenges by focusing on building bridges through business, and reaffirmed the WIEF¡¦s four Pillars in respect of:

i. Increasing participation of Women in all sectors of the economy and society,

ii. Strengthening Youth capabilities in leadership, sustainable entrepreneurship and innovation,

iii. Supporting Education, skills development, capacity building and vocational training in the new global knowledge economy, and

iv. Promoting SME development as a driver of growth and employment.

The Forum urged the WIEF to continue to align its programmes and activities in support of the above.

The Forum recorded its appreciation to the Hon. Prime Minister and the Government of Malaysia as well as the Rt Hon. Prime Minister and the Government of the United Kingdom for co-hosting the 9th WIEF in London and for the warm hospitality accorded to all participants. We acknowledge the contribution and support of our Partners, Sponsors and Role Players.

The Forum agreed to hold the 10th WIEF on 24-27 November 2014 in Dubai, United Arab Emirates.