Is a global conference that acts as an international business platform where the business sectors of the Muslim world meet for business opportunities and together with the government leaders, act as a hub where policy proposals on economic development can be formulated.
Some years ago, with the emerging markets increasing development within the Islamic countries, a novel idea was borne to a few intellectuals on the need to create a business platform for the steadily emerging business sectors of the Muslim world. This idea came with perfect timing.
Firstly, despite recent increase in figures, intra-trade among Organization of the Islamic Conference (OIC) countries today remains negligible. Secondly, the resolution at the 10th OIC Summit, during which leaders of the Muslim world meet to discuss burning issues affecting the Muslim world, reflected a heavy emphasis on economic co-operation. Economic co-operation amongst member states was considered crucial for the pursuit of peace and prosperity in the Muslim world. All these points lead to one conclusion: the Muslim world requires a platform to enable trade alliances in various business sectors amongst the OIC community.
This need for an economic platform was formally discussed at the OIC Business Forum convened on 15th October 2003, strategically organized by the Asian Strategy and Leadership Institute (ASLI) to be held in conjunction with the 10th session of the OIC Summit in Kuala Lumpur. The response from the leaders of OIC member countries was overwhelmingly positive which led conclusively to the agreement to establish an annual economic Forum for OIC members.
In 2004, upon conclusion of the 2nd OIC Business Forum in Kuala Lumpur, a further decision was made to change the OIC Business Forum name to the World Islamic Economic Forum (WIEF).
This name change allows the inclusion of Muslim business communities in other parts of the world, and equally important, the participation of the non-Muslim business community interested to build strong business relationships with the Muslim world. With this concept, WIEF positions itself to cater to a niche target audience in global business and economic forums.
The believe in shared co-operation in business is the basis of the Forum’s core vision. WIEF strongly adheres to the notion that within the business world strong strategic alliances can produce positive results such as bridging towards genuine peace and prosperity between nations, races and religions. WIEF reflects this philosophy by striving to include business and economic partnerships discussions in its agenda and programme of events.
WIEF’s raison d’etre has always revolved around the importance of establishing dialogue through business partnerships amongst Muslim entrepreneurs as well as between Muslim and non-Muslim businessmen. Resulting from these business dialogue channels, further channels of communication on important non-business matters were also achieved in the Muslim and non-Muslim world. In doing so, we are championing the vision of utilizing business as a powerful means of achieving co-operation in all levels and in all its forms between nations in the 21st century.
In parallel to this raison d’etre, WIEF aspires to change the global perception of the Muslim world from a conflict zone to a lucrative economic region whereby the future growth and development within these regions are yet to be tapped to its full potential.
Consequently, based on these compelling reasons, WIEF’s objective is to identify and promote trade and investment opportunities in the Muslim world while continuously searching optimum solutions in which the Muslim world can be engaged in the most promising and mutually beneficial way possible.
In light of this objective, we accord the highest importance to two of the most important segments of society: the Women and the Youth of the Muslim World. As such, we constantly strive to develop programme to enable promotion of business activities within these two dynamic segments of the Muslim society to enhance its full potential and creativity abilities.
The Inaugural Forum was held in Kuala Lumpur in October 2005, attended by more than 500 participants from more than 44 Muslim and non-Muslim countries, consisting of representatives from the business, government and academic sectors.
The second forum was held in Islamabad in November 2006, attracting about 600 participants coming largely from the business sector, specifically from the infrastructure and telecommunications industry and was inaugurated by the Prime Minister of Pakistan. Other prominent Heads of States from all parts of the Muslim world also.
The third forum which was held in Kuala Lumpur in May 2007 hosted more than 800 participants from various countries from both the Muslim and non-Muslim world. Among the high profile attendees were the Prime Minister of Malaysia, the President of Indonesia, the Prime Minister of Kuwait and the Crown Prince of Ras Al Khaimah of the United Arab Emirates. Furthermore, attendees consisted of large delegations, namely from Rotterdam lead by the Mayor of Rotterdam as well as from the Kuwaiti business sector.
The fourth World Islamic Economic Forum, held in Kuwait from 29th April to 1st May 2008, was one of the most important business conferences in the Middle East for 2008. The forum was inaugurated by the Emir of the State of Kuwait, and participation ranged from top government ministries, influential corporate entities from numerous industry sectors and representatives of the Muslim world.
Regional Forums are also organized annually to tackle specific regional issues of business interests. Priorities in locations for these Forums will be allocated to the South Asia, Europe and Africa regions.
Some years ago, with the emerging markets increasing development within the Islamic countries, a novel idea was borne to a few intellectuals on the need to create a business platform for the steadily emerging business sectors of the Muslim world. This idea came with perfect timing.
Firstly, despite recent increase in figures, intra-trade among Organization of the Islamic Conference (OIC) countries today remains negligible. Secondly, the resolution at the 10th OIC Summit, during which leaders of the Muslim world meet to discuss burning issues affecting the Muslim world, reflected a heavy emphasis on economic co-operation. Economic co-operation amongst member states was considered crucial for the pursuit of peace and prosperity in the Muslim world. All these points lead to one conclusion: the Muslim world requires a platform to enable trade alliances in various business sectors amongst the OIC community.
This need for an economic platform was formally discussed at the OIC Business Forum convened on 15th October 2003, strategically organized by the Asian Strategy and Leadership Institute (ASLI) to be held in conjunction with the 10th session of the OIC Summit in Kuala Lumpur. The response from the leaders of OIC member countries was overwhelmingly positive which led conclusively to the agreement to establish an annual economic Forum for OIC members.
In 2004, upon conclusion of the 2nd OIC Business Forum in Kuala Lumpur, a further decision was made to change the OIC Business Forum name to the World Islamic Economic Forum (WIEF).
This name change allows the inclusion of Muslim business communities in other parts of the world, and equally important, the participation of the non-Muslim business community interested to build strong business relationships with the Muslim world. With this concept, WIEF positions itself to cater to a niche target audience in global business and economic forums.
The believe in shared co-operation in business is the basis of the Forum’s core vision. WIEF strongly adheres to the notion that within the business world strong strategic alliances can produce positive results such as bridging towards genuine peace and prosperity between nations, races and religions. WIEF reflects this philosophy by striving to include business and economic partnerships discussions in its agenda and programme of events.
WIEF’s raison d’etre has always revolved around the importance of establishing dialogue through business partnerships amongst Muslim entrepreneurs as well as between Muslim and non-Muslim businessmen. Resulting from these business dialogue channels, further channels of communication on important non-business matters were also achieved in the Muslim and non-Muslim world. In doing so, we are championing the vision of utilizing business as a powerful means of achieving co-operation in all levels and in all its forms between nations in the 21st century.
In parallel to this raison d’etre, WIEF aspires to change the global perception of the Muslim world from a conflict zone to a lucrative economic region whereby the future growth and development within these regions are yet to be tapped to its full potential.
Consequently, based on these compelling reasons, WIEF’s objective is to identify and promote trade and investment opportunities in the Muslim world while continuously searching optimum solutions in which the Muslim world can be engaged in the most promising and mutually beneficial way possible.
In light of this objective, we accord the highest importance to two of the most important segments of society: the Women and the Youth of the Muslim World. As such, we constantly strive to develop programme to enable promotion of business activities within these two dynamic segments of the Muslim society to enhance its full potential and creativity abilities.
The Inaugural Forum was held in Kuala Lumpur in October 2005, attended by more than 500 participants from more than 44 Muslim and non-Muslim countries, consisting of representatives from the business, government and academic sectors.
The second forum was held in Islamabad in November 2006, attracting about 600 participants coming largely from the business sector, specifically from the infrastructure and telecommunications industry and was inaugurated by the Prime Minister of Pakistan. Other prominent Heads of States from all parts of the Muslim world also.
The third forum which was held in Kuala Lumpur in May 2007 hosted more than 800 participants from various countries from both the Muslim and non-Muslim world. Among the high profile attendees were the Prime Minister of Malaysia, the President of Indonesia, the Prime Minister of Kuwait and the Crown Prince of Ras Al Khaimah of the United Arab Emirates. Furthermore, attendees consisted of large delegations, namely from Rotterdam lead by the Mayor of Rotterdam as well as from the Kuwaiti business sector.
The fourth World Islamic Economic Forum, held in Kuwait from 29th April to 1st May 2008, was one of the most important business conferences in the Middle East for 2008. The forum was inaugurated by the Emir of the State of Kuwait, and participation ranged from top government ministries, influential corporate entities from numerous industry sectors and representatives of the Muslim world.
Regional Forums are also organized annually to tackle specific regional issues of business interests. Priorities in locations for these Forums will be allocated to the South Asia, Europe and Africa regions.
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