Kuwait: concluded the International Forum for Islamic Economics today the work of its 11 signing of five agreements linked to the Islamic finance industry and muslim and the development of human capital and information technology valued at $ 350 million.
The Secretary-General of the International Forum for Islamic Economics Fawzi Abdul Razak at the closing session of the Islamic economy and the importance of the development of business opportunities to coincide with achieving the goals of the Economic Community of Southeast Asian Nations (ASEAN) and the growing potential in the African continent for the development of the international economic community.
He stressed in this context the importance of adhering to the methodology of unity and partnership between the countries for the development of Islamic financial trends towards the international financial system.
Abdul Razak said that there is a need to improve the transfer of financial resources and listings to face international challenges and confirmation of regional integration and communication to stimulate cross-border investment and technical transformation and development of human resources trade.
He added that the participants in the forum stressed the importance of expanding investment and the promotion of the corporate sector and small and medium enterprises to build a flexible economic base and growth just to the economies of countries in addition to the adoption of innovative approaches with novel solutions for the development of the Muslim community and the financing of risk and humanitarian programs management.
He explained that the forum discussed several issues, most notably the establishment of an environmental system of the sector of small and medium enterprises and other issues dealing with youth and women's empowerment and industry Halal and Islamic education and finance, technology, sustainability and creative art.
He said that the most important recommendations of the Forum a global network for the sector of small and medium companies to meet the challenges faced by the sector in addition to the establishment of the continuity of promoting sustainability and social responsibility and the issuance of instruments to finance development projects.
And between Abdul Razak said it aims to reduce the vulnerabilities faced by macroeconomic as well as promoting financial listings for the benefit of the development of society economically and socially. He said that among the recommendations of the Forum as well as efforts to raise harmony and accelerate development processes in muslim internationally and expand the spread of its products with a lift consumer confidence level of industry standards.
He added that it was agreed on the establishment of an independent non-governmental body for the development of muslim under the Foundation of the International Forum for Islamic economy so as to move the Awqaf sources for the benefit of the Muslim Ummah in when he announced the establishment of the 12th session of the Forum in the Indonesian capital Jakarta in May of 2016.
The Malaysia hosted in the period from the third to the fifth of November the 11th session of the International Forum for Islamic economy with the participation of a number of Qadat countries, policy makers and academics from 98 countries, including 48 non-Muslim country to discuss investment and business opportunities in the Islamic economy.
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