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Wednesday, September 11, 2013

Oman to take part in London Islamic economic forum

MUSCAT -- Oman's efforts to grow its nascent Islamic banking and finance industry will be highlighted at a global forum due to held in London next month. Top political figures from around the world will address the 9th World Islamic Economic Forum, which will take place in London during October 29-31, 2013. Hamood Sangour al Zadjali, Executive President of the Central Bank of Oman (CBO), will speak about the Sultanate's initial successes in rolling out sharia-compliant banking services at this prestigious event. Underscoring the importance of the forum, a number of international leaders figure on a high-profile line-up of speakers who will address the forum. 

The list includes Mohammed Najib Tun Abdul Razak, Prime Minister of Malaysia; David Cameron, Prime Minister of the United Kingdom; Sultan Hassanal Bolkiah, Sultan of Brunei Darussalam; Nawaz Sharif, Prime Minister of Pakistan; Prince Salman bin Hamad al Khalifa, Crown Prince of Bahrain; Bakir Izetbegovic, Member of Presidency of Bosnia and Herzegovina; AtifeteJahjaga, President of Kosovo; Craig Cannonier, Premier of Bermuda; Abdullah Ahmad Badawi, former Prime Minister of Malaysia; Boris Johnson, Mayor of London; Dr ZetiAkhtar Aziz, Governor, Central Bank of Malaysia; and Abdulla Mohammed Saleh, Governor, Dubai International Financial Centre.

"The forthcoming 9th WIEF will be a great opportunity to build bridges towards peace and prosperity between the Muslim and non-Muslim world through the common language of business. The WIEF will showcase the very best that the Islamic world has to offer as a lucrative trade and investment hub," Musa Hitam, former deputy PM of Malaysia and present Chairman of the WIFE, said in a statement. The forum has run since 2004 and has been a strong advocate of Islamic finance in Muslim and non-Muslim communities around the world. It aims to also package the Muslim world as a lucrative trade and investment caucus that is able to attract foreign investors and business partners from various countries worldwide. The meeting will also enable networking and foster strategic alliances through the exchange of ideas, information and knowledge. Entitled 'Changing World, New Relationships', the 9th WIEF takes place for the first time outside the Muslim world. In addition to helping communities in need and supporting big and small companies, entrepreneurs and start-ups, the forum is committed to encapsulate the emergence of new economic linkages between nations across borders, religions and cultures in a fast changing world.

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