The Ministry of Finance and Bank Negara Malaysia will host the Global Forum of Islamic Economics and Finance (GFIEF) in Kuala Lumpur from May 28 to 29, 2024. GFIEF aims to foster discussions and collaboration among global stakeholders to shape a resilient global Islamic economy through values-based reforms, featuring distinguished speakers and opportunities for engagement with various exhibitors.
29 April 2024 – The Ministry of Finance and Bank Negara Malaysia (BNM) are set to organize the Global Forum of Islamic Economics and Finance (GFIEF) from May 28 to 29, 2024, at the Kuala Lumpur Convention Center, Malaysia. This event, themed ‘Shaping a Resilient Global Islamic Economy Through Values-based Reforms’, aims to bring together policymakers, business leaders, and financial service providers worldwide to discuss and collaborate on advancing Islamic economics and finance.
GFIEF, held in collaboration with Securities Commission Malaysia, Labuan Financial Services Authority, the International Islamic Liquidity Management Corporation, the Islamic Development Bank, the Islamic Financial Services Board, and the World Bank Group, follows the 15th International Conference on Islamic Economics and Finance (ICIEF), which has been a platform for intellectual discourses since 1976 to promote Islamic economics and finance in Organisation of Islamic Cooperation (OIC) countries.
The event will be inaugurated by the Prime Minister, YAB Dato’ Seri Anwar Ibrahim, and will feature presentations, panel discussions, and fireside chats on various topics, including global cooperation, post-pandemic strategies, Maqasid Shariah, and transitioning towards net zero.
Distinguished speakers at GFIEF include H.E. Sanusi Lamido Sanusi, former Governor of the Central Bank of Nigeria; H.E. Dr. Fahad Ibrahim Alshathri, Deputy Governor of Saudi Central Bank; Dame Susan Rice, Chair of the Global Steering Group, The Global Ethical Finance Initiative; Ha-Joon Chang, Research Professor, SOAS University of London; and Dr. Jasser Auda, President, Maqasid Institute Global. Also present will be Datuk Seri Amir Hamzah Azizan, Minister of Finance II; Tan Sri Dr. Zeti Akhtar Aziz, former Governor of BNM and Recipient of the Royal Award for Islamic Finance 2018; Tan Sri Azman Mokhtar, Chairman of MIFC Leadership Council (MLC); Tan Sri Daud Bakar, Recipient of the Royal Award for Islamic Finance 2022; and Tan Sri Andrew Sheng, MLC Member.
The event will offer opportunities to engage with various international and local exhibitors, including regulators, ministries, government agencies, financial services industry, industry associations, fintechs, corporates, non-profit and non-governmental organizations, as well as small and medium-sized enterprises (SMEs). Additionally, GFIEF will host side events such as roundtables and masterclasses on May 27 and 30, 2024.
Finance Minister II Datuk Seri Amir Hamzah Azizan highlighted, “Islamic finance offers a holistic approach that embraces the transformative power of an ethical framework. GFIEF’s intention of advancing Islamic economics and finance through values-based reforms in fostering shared prosperity and equity aligns well with this.”
Bank Negara Malaysia Governor Datuk Abdul Rasheed Ghaffour expressed, “GFIEF will provide us with invaluable insights that will help realize the potential of Islamic finance towards addressing global economic challenges. I believe that the enriching discourse on pertinent issues during GFIEF will inspire not only innovative ideas, but also collective action and resolve that will pave the way and push us forward towards balanced, progressive, sustainable and inclusive global economic growth.”
Global policymakers, regulators, industry practitioners, investors, and academia are invited to participate in GFIEF by registering through this link: https://www.bnm.gov.my/gfief2024.
