The President and Prime Minister of the UAE and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum has inaugurated the second Global Islamic Economy Summit (GIES 2015), WAM, the Emirates news agency has reported.
Sheikh Mohammed bin Rashid Al Maktoum said the Islamic economy harmonises ethics with innovation, and combines real commitment with actual development objectives in order to meet the aspirations of humanity at large, regardless of circumstances.
"We are keen to shape a better world that is steered by unprecedented standards of progress. Islamic economy is not merely a tool for producing commodities and growing wealth, it is an incubator of values and ethics that elevate and advance human beings," he said.
Mohammad Al Gergawi, Chairman of the Board at DIEDC, said the summit will "steer the world into a new economic era in which Islamic investments will become a pillar of global economic activities." He added that the vision of Sheikh Mohammed bin Rashid has given a "contextual relevance and credibility to the Islamic economy on the global landscape".
During the summit’s inaugural session, HE Sultan Bin Saeed Al Mansouri, UAE Minister of Economy said, "GIES 2015 is today mandated to firmly set the direction and innovation that will govern Islamic economics in the years to come, in addition to creating a legislative framework for an entire spectrum of economic transactions that are likely to take place as a logical outcome of these deliberations."
Al Mansouri added: "Dubai is well poised today to achieving its vision of emerging as the global capital of the Islamic economy. Hosting the current edition of the GIE summit with its historic mandate is one more milestone in its remarkable journey."
HE Issa Kazim, Secretary General of DIEDC said that the government has launched several initiatives under the umbrella of the Dubai Islamic Economy Development Centre to promote the Islamic economy.
He said: "In the short span of time since His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, articulated the Dubai: Capital of Islamic Economy vision, this nascent sector has achieved significant milestones. Despite general consensus, the Islamic economy is so much more than Islamic finance and halal food. The sector is steadily progressing and broadening the scope of its commercial activities due to the increased demand for shari'ah-compliant alternatives across a range of products and services."
GIES is organised by the Dubai Islamic Economy Development Center (DIEDC) in collaboration with the Dubai Chamber of Commerce and Industry and Thomson Reuters. Themed Driving Innovation, Unlocking Potential, the Summit is taking place at the Madinat Jumeirah, Dubai, UAE.
Sheikh Mohammed bin Rashid Al Maktoum said the Islamic economy harmonises ethics with innovation, and combines real commitment with actual development objectives in order to meet the aspirations of humanity at large, regardless of circumstances.
"We are keen to shape a better world that is steered by unprecedented standards of progress. Islamic economy is not merely a tool for producing commodities and growing wealth, it is an incubator of values and ethics that elevate and advance human beings," he said.
Mohammad Al Gergawi, Chairman of the Board at DIEDC, said the summit will "steer the world into a new economic era in which Islamic investments will become a pillar of global economic activities." He added that the vision of Sheikh Mohammed bin Rashid has given a "contextual relevance and credibility to the Islamic economy on the global landscape".
During the summit’s inaugural session, HE Sultan Bin Saeed Al Mansouri, UAE Minister of Economy said, "GIES 2015 is today mandated to firmly set the direction and innovation that will govern Islamic economics in the years to come, in addition to creating a legislative framework for an entire spectrum of economic transactions that are likely to take place as a logical outcome of these deliberations."
Al Mansouri added: "Dubai is well poised today to achieving its vision of emerging as the global capital of the Islamic economy. Hosting the current edition of the GIE summit with its historic mandate is one more milestone in its remarkable journey."
HE Issa Kazim, Secretary General of DIEDC said that the government has launched several initiatives under the umbrella of the Dubai Islamic Economy Development Centre to promote the Islamic economy.
He said: "In the short span of time since His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, articulated the Dubai: Capital of Islamic Economy vision, this nascent sector has achieved significant milestones. Despite general consensus, the Islamic economy is so much more than Islamic finance and halal food. The sector is steadily progressing and broadening the scope of its commercial activities due to the increased demand for shari'ah-compliant alternatives across a range of products and services."
GIES is organised by the Dubai Islamic Economy Development Center (DIEDC) in collaboration with the Dubai Chamber of Commerce and Industry and Thomson Reuters. Themed Driving Innovation, Unlocking Potential, the Summit is taking place at the Madinat Jumeirah, Dubai, UAE.
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