The Malaysia-initiated forum has also gained popularity for its role in connecting economies to the various opportunities in Islamic markets.
From 400 participants when the forum first started in 2006 to 2,800 last year when it was held in London, the numbers are proof of WIEF’s rising popularity.
The forum evolved from the Organisation of Islamic Cooperation (OIC) Business Forum that was held in October 2003 in conjunction with the 10th OIC Summit in Malaysia.
“Everyone who attends WIEF wants to be here and everybody knows this is a Malaysian exercise.
“The fact that business communities and economies from non-Muslim nations are interested to not only participate but also to host, speaks volumes for the forum and for Malaysia,” he told the Malaysian media here.
This year’s session, Innovative Partnerships for Economic Growth, will once again see global leaders, ministers, central bank governors and high-profile personalities in the business community coming together to showcase the potential of Islamic economy and address some of the most critical global economic and business issues.
Prime Minister Datuk Seri Najib Tun Razak is one of the nine world leaders to attend the forum, and he will deliver a special address at the opening session of WIEF today.
Musa said the forum was also popular as it “gives space for small nations” to share views and ideas, adding that WIEF was welcoming the maiden participation of Seychelles and Comoros Islands.
The 10th WIEF serves to promote more cross-border and cross-industry collaborations through discussions and networking sessions.
“The forum is specially devised to offer governments, companies and entrepreneurs the opportunity to showcase their economic potential to international investors.
“It is also one of the forum’s agenda to encourage all levels of society to work in concert to ensure that the growth of global economy is sustainable and inclusive,” said Musa.
This year’s forum will run until Thursday.