British Prime Minister David Cameron and Islamic Development Bank (IDB) President Ahmad Mohamed Ali will speak at the World Islamic Economic Forum (WIFE) scheduled to take place in London from Tuesday.

The three-day forum, which will be for the first time held in a capital outside the Muslim World, will feature several heads of states, prime ministers, entrepreneurs and investors.

The WIEF, headquartered in Kuala Lumpur, Malaysia, provides networking opportunity for policy makers, investors and government representatives to meet and promote business.

Expressing optimism on the forum taking place in London, one of the main commercial nerve centers in the world, the IDB president said: “The interest shown by the British government under the leadership of Prime Minister David Cameron is an encouragement and an opportunity for both the West and the Muslim world to work together to strengthen economic ties and create opportunity for all people.”

Ali, who is expected to deliver a speech on “Changing world, new relationships,” called on the participants to take advantage of the Islamic financial industry and its services and thus find a lasting solution for the current economic turmoil in the world.

In March 2013, the British prime minister established a task force with the aim of making London the center of Islamic Finance in the Western world. The task force is co-chaired by UK government’s Financial Secretary to the Treasury Greg Clark and Baroness Sayyeda Warsi, senior minister of state at the Foreign and Commonwealth Office.