Senior policy makers from around the world met in London on 12th September 2017 to discuss cross-border cooperation to further boost the global Islamic finance industry at the 4th annual meeting of the Global Islamic Finance and Investment Group (GIFIG).
To welcome participants the APPGIF, in conjunction with the UKIFC and Foreign and Commonwealth Office, hosted a private dinner in the House of Lords on Monday 11th September 2017. Lord Sheikh and Lord Gordon represented the APPGIF at the dinner which was attended by over 30 participants representing: Bahrain, Bangladesh, Brunei, China, Indonesia, Kazakhstan, Kenya, Malaysia, Mauritius, Morocco, Pakistan, Qatar, Saudi Arabia, Uganda and UAE.
Lord Sheikh delivered a welcome speech which highlighted the UK’s strength in Islamic finance and provided an overview of the APPGIF.
The GIFIG meeting, held following day, was co-chaired by Minister of State for Asia and the Pacific, Mark Field, and the Economic Secretary to the Treasury, Stephen Barclay who said:
“The UK is recognised as the leading Western centre for Islamic finance, and I want us to play a big part in the future of the sector. London is the most globally connected financial centre, providing a nexus of expertise in financial, professional and supporting services. And with our strong links with other outward looking economies, including those with significant Muslim populations, we are ideally placed to play a central role. I am delighted to welcome representatives from so many countries interested in the development of Islamic finance to London to discuss how we make sure that people from all walks of life have access to appropriate finance.”