Agenda item

The 9^th World Islamic Economic Forum is due to be held in London, the first time the conference has been held outside a Muslim country.  The conference theme for the 2013 Forum is “Changing World: New Relationships” with a focus on Islamic banking and finance, technology infrastructure development, health, exports, education and youth.  

The event will provide a good opportunity to build trade and investment links and to promote the City of London as the European centre for Islamic finance.  Recently, significant emphasis has been placed on developing the UK’s Islamic finance sector through the launch by the Government in March 2013 of the Islamic Finance Taskforce, in which the City of London plays an important role.  The event will provide an opportunity for the City to further its engagement with the Islamic finance sector and to develop links across the wider areas of trade, mutual investment and education. 

We recommend that, on Monday 28^th October, next, speakers at the Forum, delegates, senior business executives, a number of Government representatives (Foreign and Commonwealth Office, UKTI, Department for International Development) and other key stakeholders be invited to a welcome reception in the Old Library with the arrangements being left in the hands of the Policy and Resources Committee with the cost being met from within the approved cost parameters.

 (This would be a Committee event.)

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The 9^th World Islamic Economic Forum is due to be held in London, the first time the conference has been held outside a Muslim country.  The conference theme for the 2013 Forum is “Changing World: New Relationships” with a focus on Islamic banking and finance, technology infrastructure development, health, exports, education and youth.  

The event will provide a good opportunity to build trade and investment links and to promote the City of London as the European centre for Islamic finance.  Recently, significant emphasis has been placed on developing the UK’s Islamic finance sector through the launch by the Government in March 2013 of the Islamic Finance Taskforce, in which the City of London plays an important role.  The event will provide an opportunity for the City to further its engagement with the Islamic finance sector and to develop links across the wider areas of trade, mutual investment and education. 

We recommend that, on Monday 28^th October, next, speakers at the Forum, delegates, senior business executives, a number of Government representatives (Foreign and Commonwealth Office, UKTI, Department for International Development) and other key stakeholders be invited to a welcome reception in the Old Library with the arrangements being left in the hands of the Policy and Resources Committee with the cost being met from within the approved cost parameters.

 (This would be a Committee event).

 Read and agreed to.