Dubai to organise first Global Islamic Economy Summit

With a global consumer base of 1.6 billion Muslims, the first 'Global Islamic Economy Summit' will be organised here by Dubai Chamber of Commerce and Industry in partnership with Thomson Reuters in November.
The summit to be held on November 25 and 26, will gather leading thinkers, policy makers and stakeholders from around the world to lead a discussion on the future of the USD 4 trillion Islamic economy.
The announcement today follows the launch of 'Dubai: Capital of Islamic Economy' by Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

"With a consumer base of 1.6 billion Muslims, much has been said about the promise the Islamic world holds for economic growth and profitability. Yet very little transformative dialogue has been undertaken to assess the scale of opportunities and challenges within the global Islamic Economy," a statement released here said.
The summit will initiate critical dialogue on the development of the integrated sectors of the Islamic economy, covering Islamic financial services, halal manufacturing and related lifestyle sectors," the statement said.
"The emergence of an Islamic economy as a definable economic paradigm opens up a new horizon of opportunities that, if nurtured, can bring tremendous benefits for societies all over the world," Russell Haworth, Managing Director, Middle East and North Africa, Thomson Reuters, said.

Abdul Rahman Saif Al Ghurair, Chairman, Dubai Chamber, said, "As a growing global business and leisure destination, Dubai is an ideal choice to become the capital of the Islamic economy. The Global Islamic Economy Summit will be the ideal platform to explore these ideas and begin a constructive dialogue for future growth and development.