“[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).
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