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DUBAI / WAM
The Hamdan Bin Mohammed Smart University (HBMSU) hosted a roundtable on the ‘Belt & Road Initiative’ and Islamic Finance Executive Strategy to promote economic cooperation between China and the UAE in the non-oil commercial and production sectors.
The event was held with the support of the Dubai Islamic Economy Development Centre and provided an opportunity to capitalise on the leading experiences of the UAE in Islamic finance to support China’s ambitious initiative of
connecting the economies and
trade activities of more than
60 countries.
The meeting was jointly organised by HBMSU’s Dubai Centre for Islamic Banking and Finance, the National Development and Reform Commission of the People’s Republic of China (NDRC), the China Islamic Finance Club, and ZhiShang Inter-Culture Communication.
Themed ‘Sukuk and Economic Development: Opportunities and Challenges,’ the roundtable provided an international platform for exploring bilateral cooperation in the fields of trade, education, scientific research, and knowledge exchange under the Belt and Road Initiative. Discussions also centered on the challenges and opportunities in promoting Islamic financial instruments in China with a focus on Islamic Sukuk. The impact of Dubai’s emergence as the largest Islamic Sukuk hub in
the world on Chinese companies was tackled as well.