KUALA LUMPUR, Nov 7 (Bernama) — The 14th World Islamic Economic Forum (14th WIEF) in February next year can be a crucial platform for Malaysia to showcase the country’s Madani economic concept to the Islamic world.
WIEF Foundation chairman Tan Sri Dr Syed Hamid Albar said it is therefore an opportune time for Malaysia to network with leaders, governments and corporate entities to convey Malaysia’s investment policies and its commitment towards building a more sustainable Islamic economy.
At a press conference today, he said the upcoming WIEF in Abu Dhabi, United Arab Emirates, is expected to attract 3,000 global participants from 80 countries, with 50 corporate leaders likely to take part.
“To boost investments, we need to show to the world that we are back on track and we have very good investment policies,” he said.
He added that Abu Dhabi’s global status enables networking with policymakers and thought leaders, offering opportunities for collaborations and investments that amplify WIEF’s global impact.
Abu Dhabi is also a key financial hub and the 14th WIEF is set to attract major Islamic institutions and corporates.
WIEF Foundation managing director Datuk Syed Abu Bakar S. Mohsin Almohdzar said Malaysia has always been seen as being at the forefront of and a success story in Islamic finance.
The 14th WIEF, to be held from Feb 6 to 8, 2024, at the Abu Dhabi National Exhibition Centre, aims to strengthen and foster strategic alliance via the exchange of knowledge to improve economic prosperity as well as boost trade and business opportunities among the Islamic economies and worldwide.
The latest edition of WIEF will put an emphasis on environmental, social and governance (ESG), which shares similar ethics as Islamic principles, valuing business and social impact while avoiding unethical practices.
— BERNAMA
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