India the Asian Powerhouse Hosts Inaugural WIEF IAP Meeting on Economic Development


Jul  4th

The World Islamic Economic Forum (WIEF) Foundation will convene its global International Advisory Panel (IAP) high-level meeting in New Delhi today, where key industry leaders from the financial and banking sectors will discuss strategically on various business and economic areas. The IAP meeting, held for the first time in India, is hosted by Nasser Munjee, Chairman of the Development Credit Bank Ltd and Aga Khan Rural Support Programme, India.

Tun Musa Hitam, Chairman of the WIEF Foundation, said, “This IAP meeting will enable the WIEF Foundation to solidify partnerships and work towards concrete initiatives based on changing trends and new opportunities in the global economic scene.”

“We strive for an active and proactive meeting to give the members ample opportunities to voice out their opinions,” added Nasser Munjee.

Among the key focus areas of the WIEF IAP meeting will include the regional partnerships and cooperation among the countries which relate back to the WIEF Foundation ideals of “BUILDING BRIDGES THROUGH BUSINESS” including the shifting of economic influence and how Asian powerhouses like India are a rising and influential force to work with.

Mr. Ishaat Hussain, Director of the Tata Group, will also host a Special Luncheon Talk with the IAPs and key invited guests focusing on “The Indian Economy – An Overview” on India’s growth as a strong economic contender; and will predictions that it will surpass the US economy in 30 years become a reality?

His Excellency Salman Khurshid, Minister of Law and Justice of India and the meeting’s Guest of Honour, said, “As one of the strongest economic hubs in Asia, it is an honour for India to host the luminaries of the international business community for this meeting.  Dialogues like this help explore possibilities in economic cooperation which pave the way for rising economies of the East. “

The WIEF IAP is also the advisory body that provides strategic input and intellectual content for the annual WIEF Forum. Themed “Changing Trends, New Opportunities”, the 8th WIEF Forum will be organised by WIEF Foundation and hosted by the Government of Malaysia on 4-6 December 2012.

The WIEF IAP members are industry movers and shakers from all specialities and fields and from various Muslim and non-Muslim countries including India, United Kingdom, South Africa, United Arab Emirates, Australia, Kenya, Bangladesh, Switzerland, Indonesia, Turkey, and Morocco, among others.

Members of the WIEF International Advisory Panel & Advisors are:

  • Tun Musa Hitam Chairman WIEF Foundation
  • Dato’ Sri Nazir Razak

Chairman, Young Leaders Network, WIEF Foundation & Group MD/CEO, CIMB  Group, Malaysia

  • Sir Iqbal Sacranie

Chairman, MCB Charitable Foundation, United Kingdom

  • Tan Sri Dr Wan Mohd Zahid Bin Mohd Noordin

Chairman WIEF Education Trust & Chairman, Board Of Trustees, Universiti Teknologi Mara, Malaysia

  • Ian Buchanan

Senior Executive Adviser, Booz & Company, Australia

  • Dato’ Dr. Norraesah Mohamad

Chairman, WIEF Businesswomen Network & Executive Chairman, MYEG Services Berhad, Malaysia

  • Omer Cihad Vardan

President, Independent Industrialists & Businessmen’s Association (Musaid), Turkey

  • Ebrahim Patel

Chief Executive Officer, Magellan Investment, South Africa

  • Essa Al Ghurair

Vice Chairman, Al Ghurair Investment Llc, United Arab Emirates

  • Tanri Abeng

Founder & Chairman, Executive Centre for Global Leadership, Indonesia

  • Evelyn Mungai

Executive Chairman, Speedway Investments Ltd, Kenya

  • Salahuddin Kasem Khan

Executive Chairman, Seaco Foundation, Bangladesh

  • Hzaine El Hassane

Director General, Islamic Centre for Development of Trade

  • Sheikh Saleh Abdullah Kamel

President of Islamic Chamber of Commerce and Industry

  • Nasser Munjee

Chairman, Development Credit Bank Ltd & Aga Khan Rural Support Programme, India

  • John Sandwick

Islamic Wealth & Asset Management Independent Consultant, Geneva Switzerland

  • Raja Teh Maimunah

Advisor on Economic Affairs, WIEF Foundation & CEO, Hong Leong Islamic Bank Malaysia

  • Mumtaz Khan

Advisor on Economic Affairs, WIEF Foundation & Founder and CEO, Middle East & Asia Capital Partners (MEACP)




About the World Islamic Economic Forum (WIEF) Foundation

The WIEF Foundation, a not-for-profit organisation based in Kuala Lumpur, organises the annual World Islamic Economic Forum, a world-class business platform showcasing business opportunities in the Muslim world, and runs programmes of the various initiatives of the Foundation that strengthen people partnership and knowledge exchange between Muslim and non-Muslim communities across the globe.


True to its commitment to ‘Build Bridges Through Business’, the WIEF Foundation also formed the WIEF Businesswomen Network (WBN), WIEF Young Leaders Network (WYN) and the WIEF Education Trust (WET) to focus on initiatives such as roundtable discussions, leadership programmes, business networking forums, and even creative arts festivals.  For more information, visit


For more information, kindly contact:

World Islamic Economic Forum Foundation 

Shabana Palpanaban (+6012-3754957) or e-mail

Gaurav Metha (+919870432101) or e-mail