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| Britain has the largest Islamic banking sector outside the Middle East and Asia |
London will host the ninth World Islamic Economic Forum in October, the first time that the event will be held outside of a Muslim country, as the British capital looks to become a global hub for Sharia finance.
More than 1,500 delegates, including government and business leaders, as well
as scholars, will descend on London for the three-day event, which sets out
to boost trade partnerships between Islamic and European markets.
"Hosting this prestigious conference... presents huge opportunities to promote
London as a world beating business hub, highlighting our status as a major
centre of Islamic finance and as a compelling destination for foreign
investors," Mayor of London Boris Johnson said in comments posted on the
event's website.
Britain has the largest Islamic banking sector outside the Middle East and
Asia, the website said.
The World Islamic Economic Forum is organised by the Kuala Lumpur-based WIEF
Foundation - a not-for-profit organisation, AFP reported.
Previous forums have been held in Indonesia, Kazakhstan, Kuwait, Malaysia and
Pakistan.
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