NEW DELHI (NNN-Bernama): Islamic finance has attracted considerable Indian government and local media interest as the subject is considered new, World Islamic Economic Forum (WIEF) Foundation Secretary-General Ahmad Fuzi Abdul Razak said.
He said this has been the case in all WIEF visits to other countries as well, and in India in particular simply because no Islamic finance institution has been established there.
"I think the Indian government will look at this seriously with a view to coming out with a policy decision eventually as regards the establishment of Islamic banks and finance institutions in the country," he told Bernama.
Ahmad Fuzi said WIEF will continue to provide that platform and welcome participants from India to attend its session on this particular area.
"They should take advantage of the opportunities available in Malaysia with regards to training programmes because it is difficult to establish such institutions without developing the right expertise and building up resources," he said.
Ahmad Fuzi was here with a delegation led by WIEF Chairman Musa Hitam for Wednesday's one-day International Advisory Panel (IAP) meeting, which saw substantial participation from India's corporate and public sectors.
"The meeting in New Delhi was very successful, we were able to resolve and make decisions on a number of aspects in relation to the preparation for the 8th WIEF in Johor, Malaysia," Ahmad Fuzi said.
The 8th WIEF will be held on Dec 4-6 at the Persada Johor International Convention Centre with the theme "Changing Trends, New Opportunities".
He said WIEF has also built a database after a series of meetings with the Indian business community and provided more information to the media in India about WIEF. -NNN- BERNAMA
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