July 23, 2011 By

Dubai hosts the First Global Summit on Islam Economy

images_0The Global Islamic Economy Summit brings together more than 3000 world class pioneers in the public and private sectors all over the world. The summit, for the first time in history, will be held on November 25 and 26 at Madinat Jumeirah, Dubai, UAE. The event aims  bring together policymakers, financial professionals and experts in the critical industry sectors for addressing enormous challenges and opportunities in the  economy. The Summit is organized by the Dubai Chamber of Commerce & Industry and Thomson Reuters, under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai who launched the three year strategy earlier this year to make Dubai the capital of Islamic economy.

It will be the first forum for Islamic Finance sectors and the Halal industries including food, travel and lifestyle. Attendees will have the opportunity to hear the latest updates and trends within the global Islamic economy and access expert speakers. To further encourage networking and business partnerships, attendees will have access to the Interactive Zone on the GIES website where they can review the attendee list and email other delegates prior to the event. Business leaders who inspire the future of Islamic economy will be recognized with an Islamic Economy Award, at the Opening Ceremony of the Summit, directed by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council. There are 14 Islamic Economy Award categories including Islamic microfinance; halal food; travel; media; SME development; and a prestigious Lifetime Achievement Award.

The Islamic Finance Development Report which  assesses the health and development of the Islamic finance industry worldwide will be launched on November 26 at the summit. The report is based on the ICD Thomson Reuters Islamic Finance Development Indicator and will provide commentary on the size and depth of the Islamic finance industry and on how well it addresses its religious, economic, legal, ethical and discretionary responsibilities. It will provide detailed information and in-depth analysis on key dimensions of the industry such as quantitative development, knowledge, corporate & social responsibility, governance and awareness.

Abdul Rahman Saif Al Ghurair, Chairman, Dubai Chamber, will lead GIES  opening ceremony. Sultan Saeed Al Mansouri, UAE Minister of Economy, will lead a panel of global ministers in a discussion on the role of Islamic Economy in the evolving global economy. Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group will share his views on the future of the global economy and the role of the Islamic world in shaping the future. One of the world’s distinguished economists, Nouriel Roubini, co-founder and chairman of Roubini Global Economics, will also be speaking at the summit. The final panel at the conference will be moderated by Khaled Al Aboodi, CEO, Islamic Corporation for the Development of the Private Sector, Islamic Development Bank.  He will lead a group of senior international ministers in a discussion on the role of governments and the private sector to facilitate the development of the Islamic Economic sectors.

Caption: halaalquest.com

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