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DUBAI / WAM
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’ said that the UAE has accumulated extensive expertise in the field of Islamic Economy and established a robust fintech infrastructure that places it in a strong position to become a global leader in developing the sector. Sheikh Hamdan’s remarks came on the occasion of the announcement of the results of the 2020-2021 State of the Global Islamic Economy Report on Monday.
The Dubai Islamic Economy Development Centre, DIEDC, on Monday announced the results of the annual State of the Global Islamic Economy Report 2020/21 (SGIE Report 2020/21), produced by DinarStandard, a US-base firm, in partnership with SalaamGateway, the largest news and media platform focused on the Islamic economy.
The UAE was ranked one of the top three countries in the Report’s much-anticipated Global Islamic Economy Indicator, which covered 81 countries this year. New entrants, Nigeria, Sri Lanka, and Singapore joined the top 15 rankings while Saudi Arabia and Indonesia moved up in the rankings compared to last year’s SGIE Report.