World Islamic Economic Forum Held in London
(London) – More than 2,600 Muslim leaders of business and politics are gathering in London for the ninth World Islamic Economic Forum (WIEF), the first to be held outside an Islamic country. Addressing the Forum, British Prime Minister David Cameron said he wanted London to become one of the world’s major capitals of Islamic finance.
“Already London is the biggest centre for Islamic finance outside the Islamic world. And today our ambition is to go further still. I don’t just want London to be a great capital of Islamic finance in the Western world, I want London to stand alongside Dubai and Kuala Lumpur as one of the great capitals of Islamic finance anywhere in the world,” he said.
As part of realising his ambitions, Cameron announced a new “Islamic Index” on the London Stock Exchange and revealed plans for Britain to release an Islamic bond.