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Hamdan Bin Mohammad honours winners of 5th Islamic Economy award

Awards were presented to a cross-section of global and local business establishments

Gulf News

Dubai: Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and General Supervisor of the Dubai Capital of Islamic Economy initiative, on Monday honoured the winners of the fifth Islamic Economy Award.

The winners were felicitated at a special ceremony held under the patronage of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Launched by the Dubai Islamic Economy Development Centre (DIEDC) and organised by the Dubai Chamber of Commerce and Industry (Dubai Chamber) and Thomson Reuters, the award ceremony was held in the presence of ministers and heads of government departments.

The awards were presented to a cross-section of global and local business establishments in recognition of their innovative, world-class business initiatives and ideas that are Sharia-compliant and contribute to the social and economic welfare of the Muslim population.

Ebrahim Bin Mohammad Bin Ebrahim Al Subeaei, chairman of the Board at Masic, Saudi Arabia, received the Lifetime Achievement Award 2017 on behalf of his father, the late Mohammad Bin Ebrahim Al Subeaei, former co-founder of Bank Al Bilad, Saudi Arabia for his contributions to the Islamic economy as well to charity.

The Money and Finance category award was received by Yielders from the United Kingdom, an organisation offering Sharia-compliant investment opportunities.

While the award in the Food and Health category went to Emirates International Accreditation Centre (EIAC), a governmental accreditation body based in Dubai that grants halal accreditation to conformity assessment bodies worldwide, the Media category award was received by OnePath Network from Australia, a film production studio that uses media to showcase the beauty and harmony of Islam.

Recipients in other categories included Divine Connect from the United States of America in the hospitality and tourism category, Ihsan Trust from Pakistan in the Waqf and Endowments category, Dubai Technology Entrepreneur Centre (Dtec)–Dubai Silicon Oasis Authority from the United Arab Emirates for the SME Development category, and the International Sharia Research Academy for Islamic Finance (ISRA) from Malaysia in the Islamic Economy Knowledge Infrastructure category. Modanisa from Turkey was presented with the Islamic Arts category award.

“The award ceremony is not only a celebration of individual and collective contributions that are driving the growth of Islamic economy sectors locally and internationally, but also a celebration of Dubai’s initiatives and the vision of His Highness Shaikh Mohammad Bin Rashid Al Maktoum that responded to the urgent global need to develop an ethical and integrated economic system,” said Sultan Bin Saeed Al Mansouri, Minister of Economy and Chairman of the Dubai Islamic Economy Development Centre.

Sami Al Qazi, Vice-Chairman of the Dubai Islamic Economy Development Centre, said: “For the fifth year in a row, Dubai, the potential capital of the Islamic economy, recognises and celebrates innovators that echo the principles and values of the Islamic economy and understand how necessary it is to contribute to the development of its various sectors. Their resilient efforts remarkably support the Islamic economy in fulfilling its sustainable development goals, both regionally and on a global scale.”

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