British Prime Minister David Cameron said Tuesday he wanted London to become one of the world's major capitals of Islamic finance as the city played host to the first World Islamic Forum outside the Muslim world.

"Already London is the biggest centre for Islamic finance outside the Islamic world. And today our ambition is to go further still," Cameron told more than 1,800 political and business leaders at the ninth forum, dubbed the "Davos of the Muslim world".

"I don't just want London to be a great capital of Islamic finance in the Western world, I want London to stand alongside Dubai and Kuala Lumpur as one of the great capitals of Islamic finance anywhere in the world," he said.

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