WIEF vows to promote Islamic finance to bridge economic gap

The World Islamic Economic Forum (WIEF) has vowed to continue to promote the development of Islamic Finance to bridge economic gap through strengthening economic activity and growth. In addition, it also agreed to promote and enhance the development of women and youth entrepreneurship. The decisions were taken at the 10th WIEF held in Dubai, a South East Asian Cooperation Foundation (SEACO) release said. The WIEF also recommended for the establishment of the WIEF-IDB International Working Group on Waqf Development that acts as an information depository centre as well as a clearing house of information. In the WIEF, six heads of State and Governments and President of IDB took part. Besides, eight global leaders, and 12 ministers and 3215 other participants from 104 countries attended the forum. Bangladesh had one of the largest Delegations with over 80 members from SEACO Foundation, Islamic Banks Consultative Forum, BMCCI and the Private Sector.