MOF and BNM to Host Global Islamic Economics and Finance Forum in May 2024

MOF and BNM to Host Global Islamic Economics and Finance Forum in May 2024

by April 30, 2024

Malaysia’s Ministry of Finance and Bank Negara Malaysia (BNM) are set to host the Global Forum of Islamic Economics and Finance (GFIEF) on 28-29 May 2024, at the Kuala Lumpur Convention Center.

This event, which follows the 15th International Conference on Islamic Economics and Finance held in Kuala Lumpur, will see the gathering of international leaders and experts to discuss the future of the Islamic economy.

With the theme ‘Shaping a Resilient Global Islamic Economy Through Values-based Reforms,’ the forum aims to foster dialogue among policymakers, business leaders, and financial service providers from around the globe.

Discussions will focus on global cooperation, navigating post-pandemic challenges, Maqasid Shariah principles, and sustainable economic transitions.

The forum will be officiated by Prime Minister YAB Dato’ Seri Anwar Ibrahim and will feature presentations and panel discussions from notable figures such as H.E. Sanusi Lamido Sanusi, former Governor of the Central Bank of Nigeria, and Dame Susan Rice of the Global Ethical Finance Initiative.

Other speakers include leading academics and financial authorities from Saudi Arabia, the UK, and Malaysia.

GFIEF also plans to provide a platform for business networking, showcasing a diverse range of exhibitors from various sectors including financial services, fintech, and non-profit organisations.

Side events like roundtables and masterclasses are scheduled around the main conference days on 27 May and 30 May 2024.

Datuk Seri Amir Hamzah Azizan

Datuk Seri Amir Hamzah Azizan

Finance Minister II Datuk Seri Amir Hamzah Azizan, emphasised that

“Islamic finance offers a holistic approach that embraces the transformative power of an ethical framework.


GFIEF’s intention of advancing Islamic economics and finance through values-based reforms in fostering shared prosperity and equity aligns well with this.”

Datuk Abdul Rasheed

Datuk Abdul Rasheed

Bank Negara Malaysia Governor Datuk Abdul Rasheed Ghaffour said,

“GFIEF will provide us with invaluable insights that will help realise the potential of Islamic finance towards addressing global economic challenges.


I believe that the enriching discourse on pertinent issues during GFIEF will inspire not only innovative ideas, but also collective action and resolve that will pave the way and push us forward towards balanced, progressive, sustainable and inclusive global economic growth.”

The event invites global stakeholders involved in policy making, regulatory affairs, and economic research to join the discussions and contribute to shaping a resilient and inclusive global economy.

Interested parties can register through the Bank Negara Malaysia website here.