10^th WIEF – DUBAI

The WIEF Foundation and Dubai Chamber of Commerce & Industry are pleased to organised the 10th World Islamic Economic Forum, held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the UAE and Prime Minister and Ruler of Dubai, from 28-30 October 2014 at Madinat Jumeirah Conference Centre, Dubai, United Arab Emirates.

Proudly hosting the WIEF’s 10th anniversary, the 2014 Forum in Dubai brought three days of thought-provoking discussions, plenary sessions, one-to-one meetings and networking opportunities, with distinct attendance from Heads of State and Governors, top-level CEOs, leaders and experts from the global economic arena. Business prospects in the Muslim World showcased bringing a focus on the broader halal industries including finance, food, tourism, leisure, education and standardisation.

Download the forum report here.

10th WIEF Speakers’ Presentations

Session Global Economic Outlook: Developing A Resilient Model for Developing Economics

1. Hisham Al Shirawi
2. Atsutoshi Nishida

Session The CEO Panel:  Managing Global Risk in Business

1. Iqbal Ahmed
2. Young Soo Kim
3. Gerald Lawless
4. Dr. Amir Mirchi

Session Socialising Education and the Role of Universities

1. Bronwen McConkey

Session Mobilising Capital From Waqf, Pension Funds and Unit Trusts: Developing Best Practices

1. Dr. Shamsiah Abdul Karim
2. Thomas Polson
3. Talal Yassine

Session Streamlining the Halal Supply Chain: Ensuring Integrity

1. Manwoo Han

Session Rise of Women Entrepreneurs: Developing a Peer Network

1. Alison Vaughn
2. Pria Hassan

Session Sustainable Urban Planning – Creating Smart Infrastructures and Holistic Communities

1. Rob Adams
2. Reinier de Graaf
3. Rhamis Kent
4. Datuk Ismail Ibrahim

Session The Role of Islamic Capital Market in Economic Growth

1. Zainal Izlan Zainal Abidin
2. Richard G Thomas OBE

Masterclass Session: Funding Platforms for SMEs

1. Asad A Ahmed
2. Aparajita Agrawal

Masterclass: Tackling Water Scarcity Through Cutting-Edge Technology

1. Saran Kaba Jones

Masterclass: Zakat and Poverty Alleviation – Lessons Learned

1. Iqbal Nasim
2. Khalil Demir

Masterclass:  How can Technological Innovation Tackle Humanitarian Crises?

1. Dr. Sharad Sapra
2. Gisli Olafsson

Masterclass: The Potential of Halal Vaccines in the Healthcare Industry

1. Prof. John Oxford
2. Dr. Tabassum Khan
3. Tan Sri Dato’ Seri Dr. Haji Mohd Ismail Merican

Forum Session

• Dialogue on Sukuk Development and Financial Stability
• Global Economic Outlook: Developing a Resilient Model for Developing Economies
• The CEO Panel: Managing Global Risks in Business
• Panel Discussion: Islamic Finance’s Pivotal Role in Enabling Trade – Key Challenges and Prospects
• Masterclass: Funding Platforms for SMEs
• Panel Discussion: Socialising Education and the Role fo Universities
• Masterclass: The Potential of Halal Vaccines in the Healthcare Industry
• Panel Discussion: Mobilising Capital from Waqf, Pension Funds and Unit Trusts: Developing Best Practices
• Masterclass: Tackling Water Scarcity through Cutting-Edge Technology
• Panel Discussion: Streamlining the Halal Supply Chain: Ensuring Integrity
• Masterclass: Zakat and Poverty Alleviation – Lessons Learned
• Panel Discussion: Rise of Women Entrepreneurs: Developing a Peer Network
• Panel Discussion: Retaining Young Talents – Policy Strategies and Innovative Models
• Panel Discussion: Sustainable Urban Planning – Creating Smart Infrastructures and Holistic Communities
• Masterclass: How Can Technological Innovation Tackle Humanitarian Crises?
• Face-to-Face: Conversation with a Personality
• The Role of Islamic Capital Market in Economic Growth

 

MOCAfest

• Photography: Creating Soulful Images
• The Art of Design: Moulding Culture and Creativity
• Percussions: Rhythm & Sound
• Performance: Opening MOCA Showcase
• Visual Arts Exhibit
• Live Installation
• Film Festival
• Film & Documentary in the Muslim World: Community & Society
• The Professional Creative: Using your Talents to Thrive in Business
• What’s Changed? The New Muslim Look
• MOCA Translation 4.0
• Performance: MOCA Soundscapes
• MOCA Networking Session & Installation Completion

 

• Hon. Dato’ Sri Najib Tun Abdul Razak
  Prime Minister of Malaysia and Patron WIEF Foundation

• H.E. Hisham Al Shirawi
  Chairman of Economic Zones World & Vice-Chairman Dubai Chamber of Commerce & Industry, United Arab Emirates

• H.E. Essa Kazim
  Governor Dubai International Financial Centre (DIFC), United Arab Emirates

• H.E. Hamad Buamin
  President & CEO Dubai Chamber of Commerce and Industry, United Arab Emirates

• H.E. Moon Soon Choi
  Governor of Gangwon Province, Republic of Korea

• H.E. Azim Ibrahim
  Deputy Prime Minister of Tajikistan

• H.E. Hussain AlQemzi
  Board Member of Dubai Islamic Economy Development Centre & CEO of Noor Bank, United Arab Emirates

• H.E. Kairat Kelimbetov
  Governor National Bank of Kazakhstan

• Hon. Tun Musa Hitam
  Chairman, WIEF Foundation, Malaysia

• Tan Sri Ahmad Fuzi Abdul Razak
  Secretary General WIEF Foundation

• Tan Sri Dato’ Dr Wan Mohd Zahid Mohd Noordin
  Chairman WIEF Education Trust

• The Hon. Dato’ Sri Mustapa Mohamed
  Minister International Trade & Industry, Malaysia

• The Hon. Dr Zeti Akhtar Aziz
  Governor Central Bank of Malaysia

• Abdullah M. Al Fouzan
  Chairman, The Investor for Securities Co., Kingdom of Saudi Arabia

• Abdullah Mohammad Al Awar
  Chief Executive Officer Dubai Islamic Economy Development Centre, United Arab Emirates

• Adv Pria Hassan
  Chief Executive Officer Women of Africa (WOA) Fuels and Oils, Republic of South Africa

• Alison Vaughn
  Founder & Chief Executive Officer Jackets for Jobs, Inc United States of America

• Amb. George Hara
  Chairman Alliance Forum Foundation, Japan

• Dr Amir Mirchi
  Regional Vice President (Middle East and North Africa) Rio Tinto, United Arab Emirates

• Andrea Leadsom MP
  Economic Secretary to the Treasury, United Kingdom

• Aparajita Agrawal
  Director Sankalp Forum, Intellecap, Republic of India

• Arif Usmani
  General Manager, Global Head of Wholesale, Abu Dhabi Islamic Bank, United Arab Emirates

• Asad A. Ahmed
  Managing Director, Alvarez & Marsal’s Financial Industry Advisory Services Practice, United Arab Emirates

• Asil Attar
  Chief Executive Officer Lead Associates, United Arab Emirates

• Bronwen McConkey
  Chief Executive Officer African Management Initiative, Republic of Kenya

• Carlos Souza
  Chief Executive Officer and Founder Veduca, Federative Republic of Brazil
• Chokri Mousaoui
  Founder and Chief Executive Officer, Eternal Sun, The Netherlands

• Dato’ Dr Abdul Halim Ismail
  Award Recipient of the Royal Award for Islamic Finance 2014, Malaysia

• Dato’ Dr Norraesah Mohamad
  Chairman WIEF Businesswomen Network

• Dato’ Haji Mohd Redza Shah Abdul Wahid
  Chief Executive Officer/Executive Director, Bank Muamalat Malaysia Berhad

• Datuk Ismail Ibrahim
  Chief Executive Iskandar Regional Development Authority, Malaysia

• Datuk Ranjit Ajit Singh
  Executive Chairman, Securities Commission, Malaysia

• Datuk Shahril Ridza
  Chief Executive Officer, Board of Employees Provident Fund (EPF), Malaysia

• Dr Mansoor Al Awar
  Chancellor Hamdan bin Mohammed Smart University, United Arab Emirates

• Dr Abdul Aziz Al-Hinai
  Vice President Finance Islamic Development Bank

• Dr Adnan Chilwan
  Chief Executive Officer, Dubai Islamic Bank, United Arab Emirates

• Dr Alberto G Brugnoni
  Founder and Managing Partner ASSAIF, Republic of Italy

• Dr Shaika Al Maskari
  Chairperson Al Maskari Holding, United Arab Emirates

• Dr Shamsiah Abdul Karim
  Deputy Director of Asset Development, Islamic Religious Council of Singapore, Republic of Singapore

• Dr Sharad Sapra
  Principle Adviser and Director Innovation Centre, UNICEF

• Dr Tabassum Khan
  Managing Director, AJ Pharma Holding Sdn. Bhd., United Kingdom and Malaysia

• Ebrahim Patel
  Chairman WIEF Young Leader Network

• Gerald Lawless
  President and Group Chief Executive Officer Jumeirah Group, United Arab Emirates

• Gisli Olafsson
  Emergency Response Director NetHope Inc., United States of America

• Hazem Galal
  Partner, Global Leader, Cities and Local Government PricewaterhouseCoopers, United Arab Emirates

• Iqbal Nasim
  Chief Executive Officer, National Zakat Foundation, United Kingdom

• Iqbal Ahmed OBE
  Chairman and Chief Executive Officer Seamark Group, United Kingdom

• Jumaatun Azmi
  Founder & Managing Director KasehDia Sdn. Bhd., Malaysia

• Kamarul Bahrin Haron
  Executive Editor, Astro Awani, Malaysia

• Khalid F Howladar
  Global Head – Islamic Finance GCC Financial Institutions, Moody’s Investors Service Middle East Limited, Dubai International Financial Centre, United Arab Emirates

• Khalil Demir
  Executive Director, Zakat Foundation of America, United States of America

• Magatte Wade
  Founder and Chief Executive Officer Tiossan, United States of America

• Man Woo Han
  Deputy Director Korea Agro-Fisheries & Food Trade Corporation (‘aT’), Republic of Korea

• Maryam Nemazee
  Journalist and Broadcaster, United Kingdom

• Michael W Pritchard MBE
  Founder and Inventor LIFESAVER, United Kingdom

• Mushtak Parker
  Editor, Islamic Banker Magazine & Owner, Mushtak Parker Associates Ltd., United Kingdom

• Mustafa Adil
  Head of Research & Product Development – Islamic Finance Thomson Reuters, Kingdom of Bahrain

• Muzaffar Hisham
  Chief Executive Officer, Maybank Islamic, Malaysia

• Nisha Pillai
  Former Studio Presenter BBC World News, United Kingdom

• Prof. John Oxford
  Founder Retroscreen Virology Ltd., Oxford Media and Medicine Ltd, United Kingdom

• Rob Adams
  Director, City Design, City of Melbourne, Commonwealth of Australia

• Prof. Talal Yassine OAM
  Managing Director Crescent Wealth, Commonwealth of Australia

• Rafael Navas Ferrer
  First Deputy Mayor, City of Cordoba, Kingdom of Spain

• Raghu Malhotra
  Division President, International Markets, Mastercard, Middle East & North Africa

• Reinier de Graaf
  Partner Office for Metropolitan Architecture (OMA), The Netherlands

• Rhamis Kent
  Consultant Permaculture Research Institute & Permaculture Sustainable Consulting (PSC) Pty. Ltd., United States of America

• Roger Bootle
  Director Capital Economics, United Kingdom

• Saleh Abdullah Lootah
  Managing Director Al Islami Foods, United Arab Emirates

• Samad Sirohey
  Chief Executive Officer, Citi Islamic Investment Bank, United Arab Emirates

• SaraHope Smith
  Place Making Director, The City Repair Project, United States of America

• Saran Kaba Jones
  Founder and Chief Executive Officer, FACE Africa, United States of America

• Sebnem Sen CMILT
  Operation Manager, Tradeflow Dubai Multi Commodities Centre (DMCC), United Arab Emirates

• Sharifah S. Hamzah
  Senior Associate, Bennett Jones (Middle East) LLP, State of Qatar

• Tan Sri Dato’ Seri Dr Hj Mohd Ismail Merican
  Pro Chancellor & Chairman – MAHSA University, Consultant Physician & Hepatologist, Malaysia

• Tan Sri Dato’ Azman Haji Mokhtar
  Managing Director, Khazanah Nasional Berhad, Malaysia

• Thomas Polson
  Chief Executive Officer and Co-Founder, Falah Capital, United States of America

• Toby O’Connor
  Chief Executive Officer, The Islamic Bank of Asia, Republic of Singapore

• Tomás Guerrero Blanco
  Researcher ESADEg, Centre for Global Economy and Geopolitics ESADE Business School, Kingdom of Spain

• Young Soo Kim
  President Samsung Gulf Electronics, Republic of Korea

• Zainal Izlan Zainal Abidin
  Executive Director, Islamic Capital Market, Securities Commission Malaysia

• Adam Radolinski
  Filmaker, Republic of Poland

• Adam Shamash
  Filmaker & Photographer, Canada

• Alia Khan
  Founder, Islamic Fashion Design Council, United Arab Emirates

• Asif Sinan
  Strings Musician, Islamic Republic of Pakistan

• Asil Attar
  CEO of Lead Associates & Founder of EST2014, United Arab Emirates

• Beatriz Martinez González
  Fine Artist, Kingdom of Spain

• Drew Love
  Singer & Songwriter, United States of America

• Dubai Drums
  Percussion Ensemble, United Arab Emirates

• Aether
  Spoken Word Artist & Filmmaker, Republic of Botswana

• Farah Alkhatib
  Filmmaker, United Arab Emirates

• Haleh Banani
  TV Host & Psychologist, Al-Fajr “With Haleh”, United States of America

• Hassan Mahamdallie
  Co-director, Muslim Institute, United Kingdom

• Iona Fournier-Tombs
  Muralist, Canada

• Jerome Kugan
  Singer, Songwriter & Illustrator, Malaysia

• Julie Ann Odell
  Founder and Managing Director of Dubai Drums, United Arab Emirates

• Kamal Abbas
  Founder of Cross Cultural Association, Lebanese Republic

• Kilema
  Malagasy Musician, Republic of Madagascar

• Maryam Golubeva
  Fine Artist, Republic of Latvia

• Mawaheb from Beautiful People
  Art Studio

• Melisa Le Rue
  Singer & Songwriter, United Arab Emirates

• Mjd Kadi
  Fine Artist, United Arab Emirates

• Mohammed Langston Hues
  Photographer & Entrepreneur Modest Street Fashion, United States of America

• Monel Salam
  Main Character & Narrator of Documentary, ‘On a Wing and a Prayer’ UPF Film, United States of America

• National Visual Arts Gallery
  Malaysia

• Peter Sanders
  Photographer, Peter Sanders Photography, United Kingdom

• Peter Gould
  Co-founder & Designer, Peter & Ruh, Australia

• Rabia Z.
  Fashion Designer, United Arab Emirates

• Reem Al-Rawi
  Fine Artist, United Arab Emirates

• Ruh Al-Alam
  Co-founder & Designer, Peter & Ruh, United Kingdom

• Safina Sajid
  Fine Artist, United Kingdom

• Saif Aldamen
  Founder & Choreographer, SS Curls Hashemite, Kingdom of Jordan

• Shiza Tareen
  Fashion Designer & Photography, Islamic Republic of Pakistan

• Sumayyah Al Suwaidi
  Digital Artist, United Arab Emirates

• Tariq Chow
  Documentary Filmmaker, United Kingdom

• Tasneem Chopra
  Writer & Cross-cultural Consultant, Commonwealth of Australia

• Teakster
  Digital Artist, United Kingdom

• VMK
  Photographer, Republic of India

• Youssra El Hawary
  Signer & Accordionist, The Arab Republic of Egypt

• Zaman Jassim
  Fine Artist, Kingdom of Saudi Arabia

• Zohab Zee Khan
  Spoken Work Artist, Zee Poetics, Commonwealth of Australia

The 10^th World Islamic Economic Forum (WIEF) was held in Dubai on 28-30 October 2014 with the theme “Innovative Partnerships for Economic Growth”.

The Forum was hosted by the Government of Dubai under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the United Arab Emirates and Ruler of Dubai.

The Forum took place in a global economic environment where the search for new sources of growth based on innovation and partnership to improve productivity, competitiveness and incomes are essential to the stability and wellbeing of the Ummah.

The Forum was opened with a Welcoming Address by the Hon. Tun Musa Hitam, Chairman of the WIEF Foundation and an Address by H.E. Mohammed Al Gergawi, UAE Minister of Cabinet Affairs and Chairman of the Dubai Islamic Economy Development Centre, representing the Government of Dubai.

This was followed by Special Addresses by the Hon. Dato’Sri Mohd Najib Tun Abdul Razak, Patron of the WIEF Foundation and Prime Minister of Malaysia; H.E. Nursultan Nazarbayev, President of the Republic of Kazakhstan; H. E. Md Abdul Hamid, President of the People’s Republic of Bangladesh; H.E. Kay Rala Xanana Gusmao, Prime Minister of Democratic Republic of Timor-Leste; H.E. Xavier Bettel, Prime Minister of the Grand Duchy of Luxembourg and H.E. Dr Ahmad Mohamed Ali, President of the Islamic Development Bank.

Also in attendance were H.E. Danny Faure, Vice President of the Republic of Seychelles and H.E. Azim Ibrohim, the Deputy Prime Minister of the Republic of Tajikistan.

The 10^th WIEF Anniversary Forum was attended by 8 global Leaders, 12 Ministers, 4 Central Bank Governors, leading corporate figures, businesswomen and young entrepreneurs, key decision makers, thought leaders, academia and representatives of the civil society, young entrepreneurs and creative arts making up a total of 3,150 participants from 102 countries.

The Leaders commended the WIEF on the occasion of its 10^th Anniversary and hailed the growing importance of its role in today’s acutely challenging world as a moderate force in bringing together the world’s best talents to share best practices for the mutual benefit of all.

The Leaders provided useful and important guidance for the planning and conduct of the Forum’s activities in order to sustain its continued relevance and impact for the future.

Key messages included:

• Dubai’s aspiration and initiatives to become the global hub of Islamic economy and innovation and a gateway to Africa.
• The importance of universal education & literacy to ensure inclusive economic growth.
• The development of transport and infrastructure to unlock economic potential.
• The need to develop localised technologies in health, food and agriculture for poverty alleviation.
• The importance of promoting a more tolerant and inclusive environment for equitable partnerships and mutual growth.
• The importance of business partnerships in building genuine global human relationship.
• The need to invest in natural and human resources development including the strategy for accomplishing it and to improve the way nations integrate locally and globally so as to promote economic growth.

The Forum saw expert panel discussions on key issues including alternative economic models for developing nations, global risks in business and Islamic finance as an enabler of global trade.  Other topics of discussions included Sukuk development, socialising education, funds for SMEs, Halal vaccines, Halal supply chain, water scarcity, poverty alleviation through Zakat and Waqf, women entrepreneurship, young talents, smart infrastructure and technological innovation for humanitarian crises.

 

The parallel programmes of Panel Discussions, Masterclasses, Business Exchange, Ideapad, Special Programmes, Sponsors Programmes, Investment Programmes, MOCAFest and the Business Networking Breakfast proved popular and generated dialogues on opportunities for international business and economic collaboration.

Among the notable recommendations at the Forum were the following:

1. The establishment of the WIEF-IDB International Working Group on Waqf Development.
2. To continue to promote the development of Islamic Finance to bridge economies and enhance economic activity and growth.
3. To continue to initiate and enhance discussions on the development of global Halal industry.
4. To provide a platform for the development of borderless education and innovative technology.
5. To engage, promote and enhance the development of women and youth in entrepreneurship

The Forum recorded its appreciation to His Highness the President, Prime Minister of the United Arab Emirates and Ruler of Dubai, the Government of Dubai including the Dubai Islamic Economy Development Centre and the people of Dubai for hosting the 10^th WIEF and for the warm hospitality accorded to all participants.

The Forum also acknowledged the contribution and support of the co-organiser, the Dubai Chamber of Commerce and Industry as well as Partners, Sponsors and Role Players.

The Forum agreed to hold the 11^th WIEF on 27-29 October 2015 in Kuala Lumpur, Malaysia.