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DUBAI / WAM
Dubai Islamic Economy Development Centre (DIEDC), has reviewed a number of initiatives set to be launched over the coming period as part of the emirate’s strategy aimed at becoming the capital of Islamic economy by 2021.
This came at a meeting held under the chairmanship of Sultan bin Saeed Al Mansouri, Minister of Economy, during which a number of major initiatives has been mooted, including the possibility of setting up a global entity for Islamic finance experts and an international platform specialising in Islamic Sharia-compliant economy.
“The initiatives come to meet the growing demand for Islamic finance all over the world,†said Al Mansouri, noting that the proposed platform, the idea of which has been endorsed by the centre, shall be established in collaboration with the country’s strategic partners and will act as a non-profit global scientific entity with an autonomous legal personality.
“It will comprise of Islamic scholars specialising in Islamic finance who will be selected according to objective financial criteria and it will be managed by a professional panel supported by financial Islamic think tanks,†the minister said.