London to host Islamic economic forum in October

Last Updated: Friday, July 5, 2013 - 00:51

London: London will host the ninth World Islamic Economic Forum in October, organisers have announced, 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.

Previous forums have been held in Indonesia, Kazakhstan, Kuwait, Malaysia and Pakistan.

The ninth edition will be held at London`s Excel Centre between October 29 and 31.


First Published: Friday, July 5, 2013 - 00:51

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