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Tue 13 Aug 2013 11:04 AM

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Global Islamic Economy Summit to debut in Dubai

SME development will be among the key issues to be discussed at high-profile summit

Global Islamic Economy Summit to debut in Dubai
Muslim youths participate in the 2nd annual New Horizons gathering on June 5, 2011 in the Brooklyn borough of New York City. New Horizons, which is associated with the Muslim Alliance of New York, looks to bridge the Islamic faith with the struggles and pressures facing American youths. The one day event features a variety of speakers and artists who address everything from gender relations, Islam and Facebook to college finance. (Getty Images)

Dubai is set to host the first Global Islamic Economy Summit, focusing on a range of important industry topics, including SME development.

Experts will discuss five other major aspects of the Islamic economy, including Islamic finance, Halal food, Halal lifestyle, Halal travel, and Islamic economy infrastructure.

The summit will take place on November 25-26, bringing together leading thinkers, policy makers and stakeholders from around the world to talk about the future of the Islamic economy, which is thought to be worth $4tr.

During sessions dedicated to SME development, workshops and discussions will take place about technology and innovation, venture capital financing, and incubation and training, among other topics.

Minister of cabinet affairs and chairman of the executive office of Sheikh Mohammed, Mohammed Abdullah Gergawi, said: “As part of the Dubai: Capital of Islamic Economy initiative, the Global Islamic Economy Summit 2013 offers that one point of focus highlighting a world of opportunities in the Islamic economy.

“And there’s no better place to do it than Dubai, the geographic and economic nexus of the Islamic world and a melting pot of citizens from hundreds of countries and dozens of cultures.”

Chairman of Dubai Chamber, Abdul Rahman Said Al Ghurair, added: “The UAE is already one of the biggest markets in the region for Islamic banking and we see major opportunities to enhance the Halal food industry, develop trade policies and commercial laws, and Islamic tourism among other sectors.

“The Global Islamic Economy Summit will be the ideal platform to explore these ideas and begin a constructive dialogue for future growth and development.”

CA. Sahitya Chaturvedi 6 years ago

Establishing the Islamic Banking the economical move towards Halal food, Halal lifestyle, Halal travel are definitely innovative.