About Us
World Islamic Entrepreneur Summit
About WIES 2023
World Halal Center
WIES is a collabation of Ministry of Tourism & Creative Economics RI, West Sumatra Tourism Board and Goverment of West Sumatra
The World Islamic Entrepreneurs Summit (WIES) 2023 is a global economic forum held in collaboration of the Indonesian Ministry of Tourism and Creative Economy (Kemenparekraf) with West Sumatera Tourism Promotion Board and West Sumatra Provincial Government, which is expected to become one of the accelerators in realizing Indonesia as a world halal center.
Our Collaboration
Ministry of Tourism & Creative Economics RI
Government of West Sumatra
West Sumatra Tourism Board
Introduction, Mission, Theme & Sub Theme
Introduction
The World Islamic Entrepreneurs Summit (WIES) is a global economic movement to empower the 99% of the population in societies across the globe through economic empowerment and business collaborations in an increasingly digital world.
Focusing on the Islamic region for its vast resources and abundant human capital, WIES is a platform that brings together policymakers, industry leaders, emerging Muslim entrepreneurs, youth leaders, the academia and civil society organisations around the world to discuss the entrepreneurship agenda of the 99% who make up the population of our countries.
Mission
The mission of WIES to empower the marginalized and struggling members of society is a crucial one. The 99% of the population that is struggling to make ends meet often face a myriad of challenges and obstacles that prevent them from achieving their full potential and becoming valuable economic actors in society. These individuals often lack access to the resources and opportunities necessary to succeed, which can create a vicious cycle of poverty and disadvantage.
WIES recognizes that digital technology has the potential to level the playing field and provide opportunities for even the most marginalized individuals. With the value of inclusivity and opening access to entrepreneurial opportunities, WIES can help individuals Muslim businesses and the halal industry develop the skills and knowledge needed to succeed in the digital economy.
WIES focuses on success stories of entrepreneurs who have been able to overcome obstacles and achieve success, to inspire generations of entrepreneurs in years to come. WIES emphasizes Islamic framework on cross-border collaborations to increase trade between nations and expand opportunities for Muslim entrepreneurs in different markets.
WIES is also a platform to advocate for policies and programs that support the needs of the 99%. This might include initiatives to improve access to education, training, and resources, as well as efforts to promote entrepreneurship and innovation in marginalized communities. Overall, the narrative of the 99% should be one of hope and possibility. With the right support and resources, even the most disadvantaged individuals can achieve their goals and realize their potential. WIES aims to play a critical role in helping to make this vision a reality.
WIES invites you to West Sumatra, Indonesia on Wednesday to Friday, 6-9 September 2023 to discuss, explore and share best practices on the entrepreneurship agenda of the 99%.
Theme
“Building an Inclusive Economic Framework
in a Polarised World”
#Everyonecancontribute
Sub Theme
Empowering Women Contributions in Entrepreneurship
Empowering women in the economy and closing gender gaps in the world of work are key to achieving the 2030 Agenda for Sustainable Development. One of the great strengths of Islamic economics and finance is women. The Islamic economic sector has traditionally been dominated by men. Even though, everyone is a stakeholder in this field. Women contribute 37% of global GDP. Despite being one of the fastest growing industries, the Islamic economy suffers from skills gaps and talent shortages across various sub-sectors of the economy.
Remember that Islamic finance starts at home. Those who initiated a human being’s first touch on sharia through the smallest civilization: family at home. The facts of Islamic history prove that women have influence, role, contribution, and exemplary in the development of Islamic economics with a wider scope. One of the strategic showcase programs to unlock the opportunity of Islamic countries collaborations as well to facilitate inclusive economic framework for women is the modest fashion industry. In Indonesia more local brands continue to go in the international market. According to the State of Global Islamic Economic Report (2022), there was a 5.7% increase on Modest fashion industry spending by Muslim in 2021. It is expected to grow by 6.0% in 2022 and reach US$375 in 2025 at a 4 year CAGR of 6.1%.
The modest fashion is sought to empower the alignment of Islamic economy towards women. How does the economy side with women, especially women entrepreneurs who started a home industry and SMEs? Can you imagine how fast the Islamic economy and finance will grow if there are more women taking part? WIES will address this issue by getting an insight from the most influential speaker in muslim fashion industry and also performing an international modest fashion walk in this session.
Boosting SMEs Involvement in Global Muslim Friendly Tourism
Along with the pandemic recovery and the stretching wheels of the economy, it is predicted that the number of MSMEs globally will continue to increase. According to the State of Global Islamic Economic Report (2022), there will be an increase of Muslim market spending on Tourism industry by 50% in 2022 to US$ 189 billion in 2025 at a 4-year CAGR of 16.5%. While the market continues to grow, there is still a slight contribution of SMEs’ creative industry to support the Muslim Friendly Tourism ecosystems.
For instance, the growth of rural tourism development as some Islamic countries in ASEAN needs to be attached to the Muslim Friendly Tourism product, operator, and in International promotions. WIES can be sought as a new bridge to facilitate an access of small business to large scale business in scaling up the Muslim Friendly Tourism for an inclusive framework.
The synergy of all parties, improving destinations, building commitment to providing friendly service is the first step to increasing the prestige of Global Muslim Friendly Destination which will lead to an increase in the economy/community welfare. WIES invites you to join Travel Mart: Table Top “Tourism Expo and Travel Fair” from ASEAN and Middle East tourism industries.
Youth entrepreneurship in the era of (AI) automation technology
Several real barriers of youth in entrepreneurs for example; low encouragement due to lack of role model access, insufficient entrepreneurial attitudes and skills, low performance due to lack of entrepreneurship experience, financial restriction, limited business networks and business-related social capital, market barriers. One possible way to address youth unemployment is to support young people in creating their own businesses. They have the interest and potential to become self-employed.
Youth are more likely to have a preference (as much as 45% of youth prefer) self-employment to employment. Youth are also more likely to believe that self-employment is feasible: 41% of youth think that they could be self-employed within the next 5 years. Despite having a preference for self-employment, few youth are able to sustain themselves in self-employment.
In order to address those issues, there should be a focus on developing entrepreneurial mind-sets (such as recognising and acting on an opportunity) for prospective entrepreneurs. Younger people may have the determination and enthusiasm to run a business but do they have the appropriate skills-set and leadership qualities as well as characters?
Regarding this issue, WIES invites you to join side events by West Sumatera Young Entrepreneurs (HIPMI Sumbar) on “Youth Digital Fest”
ASEAN E-sport competition
ASEAN Investor pitching ideas
Sub Theme
Empowering Women Contributions in Entrepreneurship
Empowering women in the economy and closing gender gaps in the world of work are key to achieving the 2030 Agenda for Sustainable Development. One of the great strengths of Islamic economics and finance is women. The Islamic economic sector has traditionally been dominated by men. Even though, everyone is a stakeholder in this field. Women contribute 37% of global GDP. Despite being one of the fastest growing industries, the Islamic economy suffers from skills gaps and talent shortages across various sub-sectors of the economy.
Remember that Islamic finance starts at home. Those who initiated a human being’s first touch on sharia through the smallest civilization: family at home. The facts of Islamic history prove that women have influence, role, contribution, and exemplary in the development of Islamic economics with a wider scope. One of the strategic showcase programs to unlock the opportunity of Islamic countries collaborations as well to facilitate inclusive economic framework for women is the modest fashion industry. In Indonesia more local brands continue to go in the international market. According to the State of Global Islamic Economic Report (2022), there was a 5.7% increase on Modest fashion industry spending by Muslim in 2021. It is expected to grow by 6.0% in 2022 and reach US$375 in 2025 at a 4 year CAGR of 6.1%.
The modest fashion is sought to empower the alignment of Islamic economy towards women. How does the economy side with women, especially women entrepreneurs who started a home industry and SMEs? Can you imagine how fast the Islamic economy and finance will grow if there are more women taking part? WIES will address this issue by getting an insight from the most influential speaker in muslim fashion industry and also performing an international modest fashion walk in this session.
Boosting SMEs Involvement in Global Muslim Friendly Tourism
Along with the pandemic recovery and the stretching wheels of the economy, it is predicted that the number of MSMEs globally will continue to increase. According to the State of Global Islamic Economic Report (2022), there will be an increase of Muslim market spending on Tourism industry by 50% in 2022 to US$ 189 billion in 2025 at a 4-year CAGR of 16.5%. While the market continues to grow, there is still a slight contribution of SMEs’ creative industry to support the Muslim Friendly Tourism ecosystems.
For instance, the growth of rural tourism development as some Islamic countries in ASEAN needs to be attached to the Muslim Friendly Tourism product, operator, and in International promotions. WIES can be sought as a new bridge to facilitate an access of small business to large scale business in scaling up the Muslim Friendly Tourism for an inclusive framework.
The synergy of all parties, improving destinations, building commitment to providing friendly service is the first step to increasing the prestige of Global Muslim Friendly Destination which will lead to an increase in the economy/community welfare. WIES invites you to join Travel Mart: Table Top “Tourism Expo and Travel Fair” from ASEAN and Middle East tourism industries.
Youth entrepreneurship in the era of (AI) automation technology
Several real barriers of youth in entrepreneurs for example; low encouragement due to lack of role model access, insufficient entrepreneurial attitudes and skills, low performance due to lack of entrepreneurship experience, financial restriction, limited business networks and business-related social capital, market barriers. One possible way to address youth unemployment is to support young people in creating their own businesses. They have the interest and potential to become self-employed.
Youth are more likely to have a preference (as much as 45% of youth prefer) self-employment to employment. Youth are also more likely to believe that self-employment is feasible: 41% of youth think that they could be self-employed within the next 5 years. Despite having a preference for self-employment, few youth are able to sustain themselves in self-employment.
In order to address those issues, there should be a focus on developing entrepreneurial mind-sets (such as recognising and acting on an opportunity) for prospective entrepreneurs. Younger people may have the determination and enthusiasm to run a business but do they have the appropriate skills-set and leadership qualities as well as characters?
Regarding this issue, WIES invites you to join side events by West Sumatera Young Entrepreneurs (HIPMI Sumbar) on “Youth Digital Fest”, ASEAN E-sport competition & ASEAN Investor pitching ideas