WIEF was formed for the purpose of enhancing the economic wellbeing of the people of Muslim nations and Muslim communities worldwide through increasing trade and business activities amongst them.
WIEF aims to package the Muslim world as a lucrative trade and investment caucus that is able to attract foreign investors and business partners from various countries worldwide.
WIEF believes that collaboration is the salient feature of 21st century international relations. Business partnerships can become genuine bridges towards peace and prosperity between the Muslim and non-Muslim world.
WIEF accords the highest importance to two of the most important segments of society - the women and youth of the Muslim world - which it seeks to nurture to its maximum potential through training, education and business activities.