International Economic Order (1977)

Following this conference was the International Economic Conference held between the 4th and 9th of July, 1977 in London with the theme: ‘The Muslim World and the Future Economic Order’. This was chosen as the Council believed the prevailing economic orders were devoid of any moral basis and had proved themselves sterile. The conference was inaugurated by Dr Karim Gaye, Secretary General of the Organisation of the Islamic Conference and was spread over 12 sessions. The participants comprised a highly select group of Muslim scholars, statesmen, ministers of finance, commerce, planning, education, petroleum and mineral resources, agriculture and governors of central banks and high officials of several organs of the United Nations. The conference reviewed present economic policies and called on Muslim governments to adopt the Islamic economic order based on equality, justice and a balanced relationship.