London will host the next World Islamic Economic Forum (WIEF) in October next year, marking another milestone as it will be held outside Islamic countries for the first time.
The selection of London is seen as timely and apt as it is the leading centre for Islamic finance in the West.
UK Minister of State for International Development, Alan Duncan, said
this would be the time for London to showcase itself as one of the
world's most open, multi-cultural and multi-faith cities.
"The UK is, of course, no stranger to Islamic finance and banking sectors.
"Indeed, London has more Islamic banks than any other Western European
country -- 22 banks, of which six are fully syariah-compliant," he said
at the closing ceremony of the Eighth WIEF here Thursday.
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