1st – 4th March, 2009

Jakarta, Indonesia

The fifth World Islamic Economic Forum on “Global Food and Energy Security” was held in Jakarta, Indonesia on the 1-4th March 2009. As the theme suggests, the Forum mainly focused on the security and sustainability of global food and energy production.

Other issues addressed at the Forum included finding innovative solutions to global challenges particularly responding to the global food and energy situation, focusing on the creative imperative of SMEs in order to penetrate new areas in the marketplace, the role of Islamic banking and its place in conventional finance, the role of business in ensuring a sustainable environment for the future generation, and a special showcase of investments in the various regions of Indonesia on the last day of the Forum.

This last day event of the Forum on Indonesian regional investments was the main highlight of the Forum as it hosted a plethora of investment opportunities by the regions and was poised to be a great meeting place for foreign and local investors to discuss possible ventures into these regional projects.

Download the forum report here.

Topics Session Topics:

• Leadership Panel: Innovative Solutions to Global Challenges
• Special Luncheon Address – Transforming Mediocrity into International Success
• Global CEO Panel: Global Economic and Business Scenario for the Next Decade
• Beyond Scarcity: Overcoming The Global Food Crisis
• Paving a Greener World: Creating A Future for Alternative Energy
• Special Luncheon Address: Role of Business in Ensuring A Sustainable Environment for Future Generation
• Stemming the Tide of the Global Financial Crisis
• Global SMEs: Business Beyond Boundaries
Post Forum – Indonesia in Focus: Investment in the Region

WIEF Businesswomen Forum 2009
Session Topics:

• Opportunities Beyond Borders
• Evolving Role of Women in Business
• Transforming Market Challenges into Opportunities
• Growing the next generation of Women Entrepreneurs:
• Engaging Young Women & Girls in Entrepreneurship

WIEF Young Leaders Forum 2009
“Charting our Course: Leading Islamic Business & Finance Forward”
Session Topics:

• The Leadership Imperative Towards a good Succession Plan
• Employment in the 21st Century: Understanding the Global Workplace
• Banking on Integrity: The Prospects of Islamic Finance in a Plural Society
• Plugging Ideas into Business creating Innovative Industries

  • Riawan Amin, President Director, Bank Muamalat, Indonesia
  • E. Dr Ahmad Mohamed Ali, President, Islamic Development Bank, Kingdom of Saudi Arabia
  • Abdul Vakhid Niyazov, President, Islamic Cultural Center of Russian Federation, Russian Federation
  • Tan Sri Ahmad Tajuddin Ali, Director, Sime Darby Bhd., Malaysia
  • Aditya Chandra Wardhana, Ph.D, Director, IndoPacific Edelman, Indonesia
  • Amany Asfour, DR., President, Egyptian Businesswoman Association, Arab Republic of Egypt
  • Adiwarman Azwar Karim, President Director, Karim Business Consulting, Indonesia
  • Anton Apriantono, Minister of Agriculture, The Republic of Indonesia
  • Tan Sri Dato’ Azman Bin Hj. Mokhtar, Managing Director, Khazanah Nasional, Malaysia
  • Ari H. Soemarno, Fomer President & CEO, PT Pertamina (Persero), Indonesia
  • S. Kusmuljono, Dr., Chairman, National Committee for Indonesia Micro Finance, Indonesia
  • Asim Siddiqui, Founding Trustee, City Circle, United Kingdom
  • Badlisyah Abdul Ghani, Executive Director & CEO, CIMB Islamic Banking Bhd., Malaysia
  • Attiya Nawazish Ali, Assistant Secretary General, Islamic Chamber, Pakistan
  • Betti Alisjahbana, Founder & CEO, QB Creative, Indonesia
  • Boediono, Dr., Governor, Bank of Indonesia, Indonesia
  • Ebrahim Patel, Chairman, Minara Chamber of Commerce & Industry, Republic of South Africa
  • Christopher Graves, President & CEO, Asia Pacific, Ogilvy Public Relations Worldwide, Hong Kong
  • Ekmeleddin Ihsanoglu, Secretary General, Organization of the Islamic Conference, Turkey
  • Deborah Leary, OBE, Vice President, British Association of Women Entrepreneurs, United Kingdom
  • Engür Rutkay, Secretary General, Young Businessmen Association, Turkey
  • Desi Anwar, General Manager of Marketing and Business Development, Metro TV, Indonesia
  • Erwin Aksa, Chairman, HIPMI (Indonesian Young Entrepreneurs Association), Indonesia
  • Essa Abdulla Al Ghurair, Vice President, Al-Ghurair Investments, United Arab Emirates
  • Gita Wirjawan, Wirjawan, Ancora Capital, Indonesia
  • Evelyn Mungai, President, All-Africa Businesswomen’s Association, Kenya
  • Graeme Sweeney, Dr., Executive Vice President, Future Fuels & CO2, Royal Dutch Shell Group, The Netherlands
  • E. Fatima Hajaig, Deputy Minister, Department of Foreign Affairs, The Republic of South Africa
  • Hans Jöhr, Corporate Head of Agriculture, Nestlé SA, Switzerland
  • Fatma Mahfoudh, Managing Director, FM Magazine, United Arab Emirates
  • Harbrinderjit Singh Dillon, Dr., Independent Commissioner, Indonesia
  • E. Hassan Wirajuda, Dr., Minister for Foreign Affairs, The Republic of Indonesia
  • Imam Feisal Abdul Rauf, Chairman, Cordoba Initiative, Malaysia & United States of America
  • Herman Scheer, Dr., President, Eurosolar, Germany
  • Sir Iqbal Sacranie, Chairman, MCB Charitable Foundation / Muslim Aid, United Kingdom
  • Ibrahim Fawaz Abdelnour, Deputy Director Investment Operations Department, Islamic Corporation for the Development of the Private Sector (ICD), Kingdom of Saudi Arabia
  • Irman Gusman, Vice Chairman, The House of Regional Representatives, Republic of Indonesia
  • E. Isaac Musumba, Minister for Foreign Affairs, The Republic of Uganda
  • E. Sheik Jassim Bin Hamad Jassim Bin Jaber Al-Thani, Chairman, Qatar Islamic Bank, Qatar
  • Jamelah Jamaluddin, Managing Director, RHB Islamic Bank Berhad, Malaysia
  • E. Jero Wacik, Minister of Culture and Tourism, The Republic of Indonesia
  • James Mwangi, Dr., Chief Executive Officer & Managing Director, Equity Bank of Kenya, Kenya
  • Joachim Von Braun, Director General, International Food Policy Research Institute, United States of America
  • James T. Riady, Dr., Chief Executive Officer, Lippo Group, Indonesia
  • Karen Agustiawan, President & CEO, PT Pertamina (Persero), Indonesia
  • Abdelbasset Zitouni, National Director, Young Entrepreneurs of France, France
  • Mary Schnack, International President, National Association of Women Business Owners, United States of America
  • Madhu Koneru, Managing Director, Ras al-Khaimah Minerals & Metals Investments, United Arab Emirates
  • E. Matia Chowdhury, Minister of Agriculture, Republic of Bangladesh
  • Mahmoud Abushamma, Senior Vice President and Head, HSBC Amanah Syariah, Indonesia
  • E. Sheik Mazen Mohammed Batterjee, Vice Chairman, Jeddah Chamber of Commerce and Industry, Kingdom of Saudi Arabia
  • E. Mari Elka Pangestu, Minister of Trade, The Republic of Indonesia
  • Michael P. Lee, CEO & Member of the Board, Ithmaar Bank, B.S.C., Kingdom of Bahrain
  • Datuk Mohamed Al Amin Bin H. Abdul Majid, Chairman, Small and Medium Enterprises Central Coordinating Agency, Malaysia
  • Mohamad Faiz Azmi, Partner & Global Islamic Leader, PricewaterhouseCoopers, Malaysia
  • Datuk Mohamed Azahari Kamil, Chief Executive Officer, Asian Finance Bank, Kingdom of Bahrain
  • Muhammad Lutfi, Chairman, Investment Coordinating Board, Republic of Indonesia
  • Lord Mohamed Iltaf Sheikh, House of Lords, United Kingdom
  • Mukhtar Hussain, Global Chief Executive Officer, HSBC Amanah, United Kingdom
  • E. Mohamed Rasheed, Minister of Economic Development, Republic of Maldives
  • Mumtaz Khan, Founder and Chief Executive Officer, Middle East & Asia Capital Partners Pte Ldt, Singapore
  • Nadia Zaal, Chief Executive Officer, Zaya LLC, United Arab Emirates
  • Baroness Pauline Neville Jones, Shadow Security Minister & National Security Adviser, House of Lords, United Kingdom
  • Dato’ Sri Nazir Razak, Chairman, WIEF Young Leaders Network, Malaysia
  • Rabia Zargarpur, Winner, British Council’s International Young Fashion Entrepreneur Award 2008, United Arab Emirates
  • Dato’ Norraesah Mohamad, Dr, WIEF Businesswomen Network, Malaysia
  • E. Rachid Mohamed Rachid, Minister of Foreign Trade and Industry, Arab Republic of Egypt
  • Olive Z. Kigongo, Chairman, National Chamber of Commerce & Industry, Republic of Uganda
  • Rafe Haneef, Managing Director, Fajr Capital, Dubai – United Arab Emirates
  • Rina Fahmi Idris, Chairwoman, Indonesian Businesswoman Association, Indonesia
  • Sandiaga Salahuddin Uno, CEO of Saratoga Capital & Vice President for Small and Medium Enterprises and Cooperatives, Indonesian Chamber of Commerce and Industry, Indonesia
  • Roland Jansen, President, Indonesian Businesswoman Association, Indonesia
  • E. Shaikha Al Maskari, Dr., Chairperson, Al Maskari Holdings, United Arab Emirates
  • Tengku Rozidar Binti Tengku Zainol Abidin, Chief Executive Officer, Nineteen O One Sdn Bhd, Malaysia
  • Shakir Moin, Director, Sparkling Brand Portfolio, The Coca Cola Company, Hong Kong
  • Dato’ Sabri Ahmad, Chairman, Malaysian Palm Oil Board, Malaysia
  • Tjut Sjahnaz Zahirsjah Rijadi, Managing Partner, Sjahnaz Noerdin Sarilukita, Indonesia
  • E. Sofyan A. Djalil, Ph.D, Minister for State-owned Enterprises, The Republic of Indonesia
  • Titus K.B. Mbathi E.G.H., Chairman, Kenya Electricity Generating Company, Kenya
  • E. Sri Mulyani Indrawati, Minister of Finance & Acting Coordinating Minister for Economic Affairs, The Republic of Indonesia
  • E. Turganov Duisenbai, Deputy Minister of Energy & Mineral Resources, Republic of Kazakhstan
  • Tanri Abeng, MBA, Chairman, PT Telkom Indonesia, Indonesia
  • Winny E. Hassan, Director, Bank DKI, Indonesia
  • Tarek Fatah, Founder, Muslim Canadian Congress, Canada
  • Yuslam Fauzi, President Director, Bank Syariah Mandiri, Indonesia

WE, the Delegates gathered together in Jakarta for the 5th World Islamic Economic Forum (WIEF) from 1st to 4th March 2009 with the theme “Food and Energy Security and Stemming the Tide of the Global Financial Crisis”,

APPRECIATING the presence, invaluable support, and guidance of H.E Dr Susilo Bambang Yudhoyono, President of the Republic of Indonesia and H.E. Jusuf Kalla, Vice President of the Republic of Indonesia;

RECORDING our appreciation to H.E. Dato’ Seri Abdullah Ahmad Badawi, Prime Minister of Malaysia and Patron of WIEF Foundation, as well as H.E. Abbas El Fassi, Prime Minister, Kingdom of Morocco, H.E. Abdullah Bin Hamad Al-Attiyah, Deputy Prime Minister, State of Qatar, H.E. Dr Rashad al Alimi, Deputy Prime Minister, Republic of Yemen, Right Honourable A. M. Kirunda Kivejinja, Third Deputy Prime Minister, Republic of Uganda,      H.H. Shaik Saud bin Saqar Al Qasimi, Crown Prince and Deputy Ruler, Ras Al-Khaimah Emirate, United Arab Emirates,  H.E. Prof. Dr. Ekmeleddin Ihsanoglu, Secretary-General of Organisation of Islamic Conference (OIC), H.E. Dr Ahmed Mohamed Ali, President, Islamic Development Bank and other gathered dignitaries for their invaluable contributions.

ACKNOWLEDGING the dedication and full support of the Government of the Republic of Indonesia and the Indonesian National Organising Committee in generously hosting and ensuring the success of the 5th World Islamic Economic Forum;

COMMENDING the proposal of H.E Dr Susilo Bambang Yudhoyono, President of the Republic of Indonesia, to establish an “Islamic World Expenditure Support Fund” for the benefit of least developed Muslim countries using the sizeable reserves of oil exporting Muslim countries.

APPRECIATING the attendance and participation of all Forum Delegates;

RECOGNISING that the recovery from the unprecedented current economic crisis, which has affected all nations, will require a concerted global effort through greater inter-governmental and public-private collaboration;

HEREBY TAKE NOTE of the recommendations made during the Forum as follows:


  1. Support the efforts of the OIC to accelerate greater regional economic cooperation through the effective implementation of its 10 year Plan of Action.
  2. Support the Islamic Development Bank (IDB) Task Force for Islamic Finance and Global Financial Stability to promote Islamic Finance and Banking as a viable alternative to the conventional financial system.
  3. Call upon Governments and Islamic banks to expand Shariah compliant micro-credits.
  4. Support the call for effective regulations in the global financial industry to mitigate risk and failure.
  5. Support the establishment of Islamic Banking Training centres with harmonised standards.


  1. Support greater public-private sector collaboration in increased agricultural productivity both within the OIC countries and the rest of the world.
  2. Promote joint venture initiatives and the use of state of the art technology in the agro industry to increase efficient food production.
  3. Call for the reduction of regulatory barriers, including food subsidies, hindering sustainable food production and trade.
  4. Recommend a proper balance between food production for human consumption and energy usage.


  1. Reinforce efforts for research and development of non-carbon fuels and other alternative energy sources.
  2. Support energy conservation and carbon emission reduction programmes.


  • Promote the development of SME’s as the engine of growth in OIC countries through the programs of the Islamic Corporation for the Development of the Private Sector (ICD), Islamic Chamber of Commerce and Industry (ICCI) and specialised forums of the WIEF.
  • Support the Islamic Centre for the Development of Trade (ICDT) in its efforts to reduce barriers to intra-OIC trade.
  • Support liberalisation of Visa procedures to facilitate travel by businesspersons throughout the OIC countries.

REAFFIRM our continued commitment to the success of the following WIEF Projects:

WIEF Businesswomen Network (WBN):

  1. The ‘Training Program for Women Entrepreneurs’ under the WIEF-UiTM International Centre.
  2. The furtherance of the ongoing ‘Nurses Training Program’ and the introduction of “The Midwifery Training Program” which can serve as a platform for entrepreneurship development in rural areas.

WIEF Young Leaders Network (WYN):

Furthering the aims of the WYN by expanding the WYN Scholarship, Mentorship and Internship Programs to assist young leaders to grow into entrepreneurship positions.

WIEF Education Trust (WET):

The WIEF-UiTM International Centre and its training, educational and R&D programmes including the promotion of lifelong education initiatives for effective capacity building within OIC countries.

CONGRATULATE the signatories to the four MOU’s worth more than USD 3 billion facilitated through the WIEF network.

THANK the Indonesian Government for hosting the 5th WIEF in Jakarta and for the warm reception and hospitality accorded to our strategic partners, sponsors, corporate members, role players and all Delegates;

ACCEPT the gracious invitation of Dato’ Seri Abdullah Ahmad Badawi, Prime Minister of Malaysia to host the 6th World Islamic Economic Forum on 18-20 May 2010 in Kuala Lumpur.

FINALLY, in closing this, the 5th World Islamic Economic Forum, we call on the Chairman of the WIEF to submit this declaration to the Chairman and the Secretary General of the Organisation of Islamic Conference.

ADOPTED by the Delegates in Jakarta, Republic of Indonesia on the 3rd March 2009.