UAE leads global Islamic economy

DUBAI / WAM

The UAE has been ranked first globally in five Islamic economic sectors, according to the latest results of the “Global Islamic Economy Report 2018-2019.”
The Dubai Islamic Economy Development Centre (DIEDC) on Sunday published the results of the report, titled “An Inclusive Ethical Economy.” The sixth report in the series was commissioned by DIEDC and produced by Thomson Reuters, in collaboration with DinarStandard and the Dubai International Financial Centre (DIFC).
The findings were unveiled during a seminar, which was held at the DIFC Conference Centre on second day of Islamic Economy Week. The UAE ranked first in five sectors, including halal food, halal travel, modest fashion, halal media and recreation, and halal pharmaceuticals and cosmetics, compared to just three sectors in the 2017-2018 edition of the report.
Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the DIEDC, said, “This year, UAE has boosted its Global Islamic Economy Indicator score and attained top places in two additional sectors. The rise of the country’s standing highlights the commitment of the DIEDC’s partners to implement the centre’s initiatives, their significant contributions to the development of the Islamic economy in Dubai, as well as the success of the UAE’s sustainable development drive, as part of its post-oil economic vision.”
Abdulla Mohammed Al Awar, CEO of the DIEDC, said, “Every annual report offers fresh facts and statistics that provide us with new insights and perspectives to better understand and more accurately anticipate consumer behaviour.”