World Islamic Economic Forum Foundation

The World Islamic Economic Forum (WIEF) Foundation, established in 2006, is the organising body of the annual World Islamic Economic Forum. The Forum serves as a focal point where country leaders, captains of industry, emerging entrepreneurs, academics and other stakeholders from the Muslim World and beyond, meet to build bridges through business. The Foundation also undertakes various capacity building programmes under the WIEF initiatives of the Businesswomen Network (WBN), Young Leaders Network (WYN), Education Trust (WET) and Roundtable Series.


Globally, investors are showing interest in investments that cover a whole range of ethical options. As WIEF sets its foot for the first time in India, the Roundtable will focus on innovative funding opportunities for Indian businesses.

Over the years, Shariah-compliant investments have seen rapid growth in size and this growth trajectory will continue as investment myths have been overcome, advances in standardisation, increased regulatory initiatives are in place with more transparency, comfort and continued innovation as well as greater choices for investors.

India stands out as a major emerging market economy in the world with an average growth rate of 7.5 percent while Tamil Nadu has emerged to be the second-largest state in India, in terms of their economy. The state has maintained average economic growth of 6-8 percent compared to the National average. It boasts of well-developed and top notch industrial, social and physical infrastructure and good quality manpower. The roundtable will focus on the challenges and opportunities of innovative and interest-free financing for infrastructure, manufacturing and real estate in India.

Governments, the private sector and the international development community agree that high quality infrastructure plays a key role in fostering economic growth and supports efforts to reduce poverty. Innovative interest-free financing can play a significant role in supporting inclusive growth as well as encourage developmental activities. With support from government authorities, the Roundtable will facilitate in creation of policies that will encourage more innovative investments in India, especially in Tamil Nadu.