The summit to be held on November 25 -26, will gather leading thinkers, policy makers and stakeholders from around the world to lead a discussion on the future of the USD 4 trillion Islamic economy. (Agencies)
The announcement on Wednesday follows the launch of 'Dubai: Capital of Islamic Economy' by Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
With a consumer base of 1.6 billion Muslims, much has been said about the promise the Islamic world holds for economic growth and profitability. Yet very little transformative dialogue has been undertaken to assess the scale of opportunities and challenges within the global Islamic Economy.
The summit will initiate critical dialogue on the development of the integrated sectors of the Islamic economy, covering Islamic financial services, halal manufacturing and related lifestyle sectors.
"The emergence of an Islamic economy as a definable economic paradigm opens up a new horizon of opportunities that, if nurtured, can bring tremendous benefits for societies all over the world," Russell Haworth, Managing Director, Middle East and North Africa, Thomson Reuters, said.
Abdul Rahman Saif Al Ghurair, Chairman, Dubai Chamber, said, "As a growing global business and leisure destination, Dubai is an ideal choice to become the capital of the Islamic economy. The Global Islamic Economy Summit will be the ideal platform to explore these ideas and begin a constructive dialogue for future growth and development."
The summit to be held on November 25 -26, will gather leading thinkers, policy makers and stakeholders from around the world to lead a discussion on the future of the USD 4 trillion Islamic economy.