Dubai: The Dubai Islamic Economy Development Centre, DIEDC, is gearing up to host the fifth Islamic Economy Award on 27th November, under the patronage of His Highness Shaikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
A joint initiative of DIEDC and the Dubai Chamber of Commerce and Industry, Dubai Chamber, the award recognises the efforts of institutions and entrepreneurs across the world in offering innovative concepts that best integrate Islamic economy standards and have a positive impact on global socioeconomic development.
The ceremony will give away eight awards, as well as the Lifetime Achievement award to one notable individual whose work over several decades has inspired others and had a major positive impact on the Islamic economy.
Sultan Bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, said, “Celebrating innovators across Islamic economy sectors is a recognition of the impact of innovation in achieving sustainability with all its socioeconomic dimensions. It is also a recognition of the principles and standards that define an Islamic economy and their ability to adapt to people’s requirements.”
The Islamic economy is anticipated to be valued at more than $3 trillion (Dh11 trillion) by 2021.
“Winners of the Islamic Economy Award carry a noble message. This is clearly validated in their interest to compete in sectors that respect standards of safety and security in resource and wealth investments, protect social accomplishments, and revive the cultural heritage of the Islamic world,” he concluded.
