SESRIC participated in the Global Forum on Islamic Economics and Finance (GFIEF) in Kuala Lumpur, Malaysia, during 28-29 May 2024. The Forum was organized by the Ministry of Finance Malaysia and Bank Negara Malaysia (BNM) in collaboration with the Securities Commission Malaysia, Labuan Financial Services Authority, the International Islamic Liquidity Management Corporation, the Islamic Development Bank, the Islamic Financial Services Board and the World Bank Group. The event was a continuation to the 15^th International Conference on Islamic Economics and Finance (ICIEF) recently held in Kuala Lumpur, a platform established since 1976 for intellectual discourses to advance Islamic economics and finance in Organisation of Islamic Cooperation (OIC) countries.

Themed ‘Shaping a Resilient Global Islamic Economy Through Values-based Reforms’, GFIEF gathered policymakers, business leaders, and financial service providers from all around the world to engage in discussion and collaborate to build a future where Islamic economics and finance can play a pivotal role in fostering shared prosperity and equity.

The Forum was officiated by the Prime Minister, YAB Dato’ Seri Anwar IBRAHIM. It featured diverse presentations, panel discussions, and fireside chats on various topics, including global cooperation, navigating post-pandemic times, Maqasid Shariah, and transitioning towards net zero. GFIEF gathered international speakers, including H.E. Sanusi Lamido SANUSI, former Governor of the Central Bank of Nigeria; H.E. Dr. Fahad Ibrahim ALSHATHRI, Deputy Governor of Saudi Central Bank; Datuk Seri Amir Hamzah AZIZAN, Minister of Finance II; Tan Sri Dr. Zeti Akhtar AZIZ, former Governor of BNM and Recipient of the Royal Award for Islamic Finance 2018, amongst others.

SESRIC was represented by Dr. Kenan BAĞCI, Senior Researcher at SESRIC, who participated in the GFIEF as a panellist at the Panel Session 2 on “Advancing the 4-Ts of Global Private Sector Halal Development – Technology, Trade Connectivity, Talent Capability, and Climate Transition”, discussing opportunities to enhance intra-OIC cooperation in promoting halal sector development amidst rising global uncertainties. Dr BAĞCI also emphasized the importance of skills development programs tailored to the halal industry and adopting cost-effective and scalable technology solutions within the halal value chain.

For more information, please visit the official website of the Forum at https://www.bnm.gov.my/gfief2024

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