“[Islamic finance] is a work in progress,” said Tun Musa Hitam, chairman of WIEF Foundation, adding that after eight years of hosting the forum in Muslim countries of Asia, they decided to choose London as the venue in an effort to build bridges of peace and prosperity between the two worlds through the common language of business.
While reaching out to other Muslim countries, such as the UAE, Hitam said that competitiveness amongst them is “good” in terms of sharing and learning from each other’s achievements and performance.
“Dubai’s ambition and wish to be the centre of Islamic finance is part of that competition,” said Hitam and he welcomed it. Earlier this year, Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, had announced to make Dubai a centre of the global Islamic economy and finance industry.
Dominic Jermey, Britain’s ambassador to the UAE, said they were delighted and honoured that London is going to be the venue of the ninth WIFE. We see Islamic Finance as potentially a platform to boost trade opportunities and explore wider themes of smart economies and smart societies,” Jermey said at the media briefing.
The conference will be held between October 29-31 at Excel London, which is owned and operated by Abu Dhabi National Exhibitions Company (ADNEC).