To address the economic challenges of the Islamic Ummah and to contribute to the development efforts of the Member States. To produce and disseminate knowledge, share experience and best-practices, develop a common understanding, and approximate policies among the Member States in line with the vision and principles of its Strategy.[2] To serve as the central forum for the Member States to discuss international economic and commercial issues. To study all possible means of strengthening economic and commercial cooperation among the Member States.