Dubai capital of Islamic economy

Dubai Islamic Economy Development Centre (DIEDC) in partnership with Thomson Reuters, the world's leading provider of intelligent information for businesses and professionals, and in collaboration with DinarStandard, the growth strategy research and advisory firm, have announced initial trends from the 2015-2016 edition of the ‘State of the Global Islamic Economy' report and the accompanying Global Islamic Economy Indicator, ahead of the Global Islamic Economy Summit that will run in Dubai from Oct.5-6, 2015.

Abdulla Mohammed Al Awar, CEO of DIEDC, said, "The launch of this year's State of the Global Islamic Economy report reiterates the commitment of Dubai Islamic Economy Development Centre, along with Thomson Reuters and DinarStandard to nurture a knowledge-based Islamic economy within the emirate and wider UAE as part of our continued priority to develop Dubai as the Capital of Islamic Economy.

We are confident the report will inspire and empower entrepreneurs, industry leaders and investors from within the Arab world and beyond to evaluate and develop an actionable, practical and high impact market strategy focused on growing the opportunities for Islamic economy in their own geographies.” The report, which is being compiled for the third consecutive year, is set for release in the fourth quarter of 2015.

Examining latest development trends and statistics across a number of key sectors that comprise the US$2 trillion Islamic economy currently featuring predominantly Muslim consumers, the report focuses on categories such as Islamic Finance, Halal Food, Tourism, Clothing and Fashion, Media and Recreation, and Pharmaceuticals and Cosmetics.

Mustafa Adil, Acting Head of Islamic Finance at Thomson Reuters, explained the importance of the report and said, "As the world's leading information provider, Thomson Reuters has harnessed the power of its enterprise, in partnership with DIEDC and DinarStandard to provide ground-breaking insights on the available opportunities in the emerging Islamic economy sector worldwide, in addition to highlighting the possibilities for its advancement.
Source: The Gulf Today