DUBAI / WAM
The Dubai Islamic Economy Development Centre (DIEDC) launched its enhanced Islamic Economy Strategy for 2017-2021 under the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and General Supervisor of the Dubai Capital of Islamic Economy initiative. Making the announcement, Sheikh Hamdan said that the new strategy uses a two-pronged approach.
The first part concentrates on the development of the Islamic economy system and includes identifying new key performance indicators (KPIs), for monitoring the growth of important sectors and measuring their contribution to the national economy.
The second component includes enhancing Dubai’s status as a global reference for Islamic finance, industry, trading standards and culture, and as a prime destination for Halal trade and family tourism. HH Sheikh Hamdan said, “Contrary to what some may think, Islamic economy does not belong to the past, rather, it is firmly rooted in the present and the future. Achieving progress is meaningless without sustainability, financial security and economic stability. Most young people today, especially in the UAE, no longer revel in material excesses. Instead, they enjoy applying creativity and innovation in producing real tools for development.”