Global summit to focus on Islamic finance, halal industries

Global Islamic Economy Summit, the first forum that brings together the Islamic finance and halal industries, will be held at the Madinat Jumeirah in Dubai on Nov. 25.

The two-day forum will discuss the evolving Islamic economic landscape and the implications for the 57 Muslim countries around the world. The summit will also talk about how the Islamic finance and halal industries can push beyond the Muslim world to benefit from and participate in the global economy.

Organized by the Dubai Chamber of Commerce and Industry and Thomson Reuters, the conference will open with a keynote speech addressing Dubai’s potential to play a constructive role to develop the Islamic economies around the world.

“Dubai’s ability to bring together key decision-makers and stakeholders is indicative of its ability to act as a bridge between the East and West; Muslim and non-Muslim; business and consumer,” Abdul Rahman Saif Al-Ghurair, chairman of Dubai chamber, said in a statement related to the event.

“The Islamic Economy is emerging as a new paradigm that will be driving economic growth over the coming decade. Bringing together diverse elements across various industry sectors, spanning geographic regions and crossing cultural boundaries, this inaugural summit will be the defining event for Thomson Reuters and Dubai,” said Russell Haworth, MD, MENA, Thomson Reuters.

The summit is in line with 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, and is held with his support. The event will culminate with a senior-level panel discussing Sheikh Mohammed’s Islamic economy vision, specifically looking at the role of governments and the private sector to facilitate development of the Islamic economic sectors.