THE 10th WIEF

147 Pages·2015·5.65 MB·English

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World Islamic Economic Forum Foundation
A-9-1, Level 9, Hampshire Place Office
157 Hampshire, No 1 Jalan Mayang Sari
50450 Kuala Lumpur, MALAYSIA
Tel [phone] • Fax [phone]
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contents
Chairman’s Foreword 4 FORUM SESSIONS
Opening Session of the 10th WIEF 8
INTRODUCTION 5
Innovative Partnerships Dialogue on Sukuk Development and 14
for Economic Growth Financial Stability
global Economic Outlook: 20
FORUM SESSIONS 14
Developing a Resilient Model for
Developing Economies
7th MOCAFEST 92
The CEO Panel: 24
Managing Global Risks in Business
10th WIEF ExhIbITION 100
Panel Discussion: 28
10th WIEF MEMORANDUM OF 102 Islamic Finance’s Pivotal Role in Enabling
Trade – Key Challenges and Prospects
AgREEMENTS
Masterclass: 32
FORUM PROgRAMME 108 Funding Platforms for SMEs
Panel Discussion: 38
bUSINESS NETWORkINg bREAkFAST 121
Socialising Education and the
Role of Universities
COMPlEMENTARy PROgRAMMES 122
Masterclass: 42
The Potential of Halal Vaccines
IDEAPAD 123
in the Healthcare Industry
bUSINESS ExChANgE 124 Panel Discussion: 45
Mobilising Capital from Waqf, Pension Funds and
Unit Trusts: Developing Best Practices
PEOPlE AND COlOURS 128
OF ThE FORUM Masterclass: 49
Tackling Water Scarcity Through
Cutting-E dge Technology
WElCOMINg RECEPTION 130
Panel Discussion: 52
gAlA DINNER 132 Streamlining the Halal
Supply Chain: Ensuring Integrity
WIEF INTERNATIONAl 133
Masterclass: 56
ADVISORy PANEl ACTIVITIES
Zakat and Poverty Alleviation – Lessons Learned
SPONSORS AND PARTNERS 134 Panel Discussion: 60
Rise of Women Entrepreneurs:
Developing a Peer Network
MEDIA PARTNERS 135
Panel Discussion: 64
AbOUT ThE WIEF 136 Retaining Young Talents
– Policy Strategies and Innovative Models
CORPORATE MEMbERS 138 Panel Discussion: 68
Sustainable Urban Planning
AbOUT hOST & CO-ORgANISER 139 – Creating Smart Infrastructures
and Holistic Communities
INTERNATIONAl ADVISORy PANEl 140 Masterclass: 74
How can Technological
Innovation Tackle Humanitarian Crises?
PERMANENT SECRETARIAT 142
Face to Face: 78
ACkNOWlEDgEMENTS 144 Conversation with a Personality
Panel Discussion: 82
The Role of Islamic Capital Market in
Economic Growth
Closing Session 86
8 24
92
100 102 121
123 130
chairman’s
foreword
introduced Business Exchange
and Ideapad Sessions at the
Forum, as attractive platforms
to showcase products, ideas,
innovative technologies and
business opportunities through
direct interactions involving
entrepreneurs, potential investors
and partners and businessmen, big
or small.
The overwhelming success of the
10th WIEF in Dubai in terms of the
scale of the Forum, organisation,
global issues discussed, number of
Leaders, role-players, participants
and media representatives present
and the number of Sessions held
can be attributed to the generous
support received from the Dubai
Government under His Highness
If the Islamic economy is to one day drive the global economy, Sheikh Mohammed Bin Rashid
what then, will drive the Islamic economy? Al Maktoum, Vice President
and Prime Minister of UAE and
The search for answers to this Economy initiative covering Ruler of Dubai, the Dubai Islamic
question, and others, lay at the Islamic finance, the halal industry, Economy Development Centre,
heart of the creation of the WIEF tourism, digital infrastructure, arts, the Dubai Chamber of Commerce
in 2005. Ten years on, we are knowledge and standardisation. and Industry, the Malaysian
gratified to see that by being a As acknowledged by the Dubai Government under Prime Minister
premier platform for addressing Chamber of Commerce & Industry, Dato’ Sri Mohd Najib Tun Abdul
important issues and formulating the Forum marked an important Razak as Patron, and all those
solutions, the Forum itself has chapter of cooperation between involved in working closely with
become one of many powerful Dubai and the world. the WIEF Secretariat for whom
catalysts driving the progress of we wish to record our deep
the Islamic economy, and bringing With the theme ‘Innovative appreciation and gratitude.
it further into the global economic Partnerships for Economic
arena. Growth’, the 10th WIEF was at once I hope this Post Report of the 10th
reflective and forward-looking WIEF has adequately captured the
In this regard, we are happy that, – learning from the challenges essence of the proceedings and
in celebrating our 10th Anniversary faced in recent global financial discussions held and provided a
and holding our Forum in Dubai, crises, while promoting greater useful source of reference to all
we were able to support Dubai’s collaboration between nations, participants and readers of the
vision to become one of the especially between emerging Forum.
major hubs of Islamic economy. economies.
Indeed, the Programme for the Tun Musa hitam
Forum was specially designed I am particularly pleased to see Chairman, WIEF Foundation
to reflect the seven pillars of the positive response received
the Dubai Capital of Islamic from participants to the newly
4
chairman’s
Introduction
foreword
innovative
PartnershiPs for
economic Growth
The World Islamic Economic Forum celebrated its 10th year in style, in the dynamic and
cosmopolitan city of Dubai, UAE.
5
6
With the theme ‘Innovative for Islamic finance to play a more
Partnerships for Economic central role in the global economy.
Growth’, the 10th WIEF was at
once reflective and forward- The Forum kicked off with a
looking—learning from the high-level dialogue on ‘Sukuk
challenges faced in recent global Development and Financial
financial crises, while exploring Stability’. Three panel discussions
greater collaboration between were also held to explore Islamic
nations, especially with emerging finance’s pivotal role in enabling
economies. trade; the role of Islamic capital
market in economic growth; and
As the Chairman of the WIEF mobilising capital from waqf,
Foundation Tun Musa Hitam noted, pension funds and unit trusts.
new efforts and approaches must
be urgently devised to complement Other topics that were among the
the changes that have taken place highlights of the Forum included
in the world. halal industries, funding for
SMEs, socialising education,
“It is timely for the WIEF to bring water scarcity, sustainable urban
innovative partnerships to the planning, women entreprenuers
centre of our annual Forum,” he and young talents.
said.
The three-day programme
featured 29 diverse topics of
discussion that looked at issues
surrounding the Islamic economy
and acknowledged the potential
7
Day One • 28 October 2014
Opening Session
the 10th wief
The tenth instalment of the World Islamic Economic Forum (WIEF) saw 3,150 participants from
102 countries coming together to enhance cooperation and strengthen bonds among Muslim and
non-Muslim countries. Among them were eight global leaders, 12 Ministers, four Central bank
governors, leading corporate figures, businesswomen, key decision makers, thought leaders,
academia, representatives of the civil society, young entrepreneurs and creative artists.
The WIEF Foundation and the were business prospects in the Kuala Lumpur to 2,700 in London
Dubai Chamber of Commerce Muslim World with special focus in 2013.
& Industry worked under the on opportunities corresponding to
patronage of H.H. Sheikh the seven pillars of Dubai’s growth Secondly, the spread of the
Mohammed Rashid Al Maktoum initiative. WIEF’s other events worldwide
(Vice President and Prime Minister (notably the Roundtables, the
of the UAE and Ruler of Dubai), Welcoming Speech by The hon. special entrepreneur development
to bring the Forum to the Madinat Tun Musa hitam, Chairman, WIEF programmes for women, and
Jumeirah Conference Centre in Foundation the youth leadership networking
Dubai. initiatives) illustrated the WIEF’s
widening acceptance not only
To support Dubai’s vision of among the world’s business
becoming a global hub of Islamic communities but also youth and
economy, the Forum organisers women.
designed the programme for the
10th WIEF to reflect the seven Thirdly, an increasing number
pillars of the Dubai Capital of non-Muslim countries and
of Islamic Economy initiative their business communities, as
launched in 2013: Islamic well as youth and women, were
finance, the halal industry, participating in WIEF activities.
halal tourism, the Islamic digital This was especially encouraging,
economy, Islamic art and design, given that when the WIEF first
Islamic economy standards began, many predicted that it
and certification, and Islamic would be rejected by non-Muslim
knowledge. governments and business
communities.
Held from October 28-30, the
Forum proudly marked the WIEF’s Tun Musa also noted that while
10th anniversary and presented the WIEF was primarily a business
three days of thought-provoking Forum to facilitate collaboration,
discussions, plenary sessions, To underscore the phenomenal it also focused on women, youth,
one-to-one meetings and transformation of the WIEF since arts and culture, and education,
networking opportunities, drawing its inception, Tun Musa noted besides highlighting the needs
heads of state and government, three dimensions of growth: first, of smaller countries and small
top-level CEOs as well as leaders attendance at the WIEF’s annual and medium enterprises. It has
and experts from the global conference had risen from 400 managed to steer clear of issues
economic arena. Also showcased participants at the first Forum in relating to religion or politics while
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