BAGHDAD - and babysit - concluded International Forum for Islamic Economics on Thursday, the work of its 11th 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 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 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 session of the 11th International Forum for Islamic Economics 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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