WIEF Roundtable, Economic Rebound: Transforming the Future

27 September 2022

9.00 AM - 5.15 PM

Setia SPICE Convention Centre, Penang, Malaysia

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9.00 am – 9.30 am Onsite Registration
9.30 am –
9.45 am
Welcoming Remarks

  • YB Dato’ Hj. Abdul Halim bin Hj. Hussain, EXCO Perdagangan, Industri dan Pembangunan Usahawan State of Penang
  • Tan Sri Dr Syed Hamid Albar, Chairman, WIEF Foundation, Malaysia
9.45 am –
10.00 am

Economic Revitalisation: Mapping a Sustainable Recovery

The COVID-19 pandemic has resulted in both health and economic crises globally. The economic impact is enormous with long-lasting repercussions for people, businesses and governments. Medium and long-term economic recovery programmes by governments as well as revival plans and strategies by organisations and businesses are necessary with the potential to create a sustainable and resilient recovery.

This Session will explore:

  • how global recovery from the COVID-19 pandemic has affected the future of sustainable development
  • innovative recovery strategies to help accelerate progress and achieve SDG goals
  • could Islamic economy and finance be the panacea to help augment an inclusive, multi-pronged economic recovery agenda
 11.30 am –12.15 pm SESSION 2

Net Zero Transition: Growing Urgency

Governments and businesses alike are increasingly committed to climate action. Despite the growing importance to achieve net-zero by 2050 as per UN’s Race to Zero campaign, the net-zero equation is still unsolved due to the scale of the task at hand. For instance, power and industry are major energy consumers and together they generate about 60 percent of CO2 emissions.

This Session will explore:

  • opportunities to accelerate decarbonization efforts including investments into low-carbon technologies and new innovations
  • policies and institutions required to enable and foster the development and deployment of new environmentally sustainable, climate-resilient and productive assets
  • strategies to encourage public action to build a just, fair and inclusive transition for workers and consumers
12.15 pm –
12.45 pm

Halal Transformation Journey


12.45 pm –
2.00 pm

Informal Networking

2.00 pm –
3.00 pm

Digital Transformation Revolution: Embracing Technology

COVID-19 pandemic has transformed society and hastened the adoption of digital technology in all spheres of the economy. By leveraging the internet, smartphones, big data, the internet of things, artificial intelligence, robotics, virtual and augmented reality as well as other digital technologies, governments and private sector can increase productivity, spur innovation and improve livelihoods. However, this process has also exposed and exacerbated the digital inequality and gaps globally.

This Session will explore:

  • strategies to ensure changes taken in an equitable and sustainable manner and concrete approaches to implement the transformation process across organizations, supply chains and communities
  • collaboration between government and private sector to provide people with the skills and opportunities needed in the digital transformation revolution
  • incentives and regulatory reforms to encourage digital entrepreneurship as well as private sector innovation to help promote new waves of innovation and economic growth
  • role of Islamic digital economy in providing a unique and competitive advantage in the global Islamic digital marketplace
3.00 pm –
4.00 pm

Muslim-Friendly Tourism and Hospitality: Capturing Opportunities

Despite being the fastest growing global travel sector, the “Muslim-friendly” tourism industry has been affected by the onslaught of COVID-19 pandemic. As travel returns, this niche industry will be greatly sought after by observant Muslims looking for suitable holiday destinations.

The Session will discuss:

  • strategies to encourage growth of the industry and awareness among travel industry stakeholders as well as plansfor the development of “Muslim-friendly” tourism alliances
  • policies to develop an environment for innovation and entrepreneurship on “Muslim-friendly” tourism related products and services
  • development of a unique “Muslim-friendly” tourism base destination positioning and marketing
4.00 pm –
5.00 pm

Revitalising Waqf: Role of Islamic Finance

Waqf development has been hampered due to lack of comprehensive ecosystem such as lack of legislation, governance, professionalism and funding. Islamic finance industry particularly Islamic capital market has the capacity to support the development of waqf assets.

The Session will explore:

  • recent trends of innovative products and services through Islamic finance for the development of waqf assets
  • challenges in developing and managing waqf assets to ensure sustainable and responsible development within the country
  • prospects and opportunities for waqf guardians to capitalize on new funding mechanisms to provide larger economic returns to its communities
5.00 pm –
5.15 pm

  • Tan Sri Mohd Radzi bin Abdul Rahman, Secretary General, WIEF Foundation

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AMARI SPICE PENANG is the city’s new leading business convention hotel offering vibrant experiences to guests on a business or “bleisure” trip, directly connected to the SPICE Convention Centre. Situated in the heart of Penang’s Central Business District, Bayan Lepas and a 5km drive from Penang International Airport.

The hotel offers 453 contemporary designed guest rooms and suites with thoughtfully designed touches, each room and suite feature a smart workspace, a smart TV, and high-speed Wi-Fi connectivity.

The hotel also features a 240-square-meter pillar-less ballroom with a spacious pre-function space and five function rooms, an all-day dining Amaya Food Gallery, Amaya Bar, Cascade lobby lounge, Aqua Bar, FIT Centre, and outdoor saltwater swimming pool.

Amari SPICE Penang
2, Persiaran Mahsuri
11900 Bayan Lepas, Penang, Malaysia



The special rate is offered exclusively to WIEF Roundtable Penang 2022 participants only. Kindly book your room via:

Reservation link

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Tan Sri Dr Syed Hamid Albar
World Islamic Economic Forum Foundation 

Tan Sri Dr Syed Hamid began his career in the Judicial and Legal Service as a magistrate in 1970 and was appointed President of the Sessions Court in 1971. He then pursued a career in the financial and banking sector locally and internationally from 1972 to 1986. In the years 1986 to 1990, he became a partner in the law firm of Albar, Zulkifly and Yap. He was a Member of Parliament from 1990 to 2013, during which time he held various ministerial positions including Minister in the Prime Minister’s Department and Minister of Justice, Minister of Defence, Minister of Home Affairs and most notably, Minister of Foreign Affairs. Tan Sri Dr. Syed Hamid’s last held position was Chairman of the Land Public Transport Commission of Malaysia (SPAD), from 2010 to 2017. Tan Sri Dr. Syed Hamid holds a Barrister-at-Law degree from the Middle Temple, U.K. and was called to the Malaysian Bar in 1974. He also holds a Masters Degree in Human Sciences (Political Science) from International Islamic University Malaysia and a PhD in International Relations from Asia e University, Kuala Lumpur.  

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