Dubai: Under the patronage of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum. Crown Prince of Dubai, has issued directives to organise the third Global Islamic Economy Summit on October 11 and 12, 2016. The Dubai Islamic Economic Development Centre and the Dubai Chamber of Commerce and Industry will collaborate with each other to organise the Summit.

Shaikh Hamdan said: “The UAE’s position as global hub for sustainable development places it in a good position to lead the development of a Sharia-compliant knowledge-based economy that can promote diversified Islamic investments in industry, production and services sectors.”

He added: “Through the Global Islamic Economy Summit, we seek to boost the growth of the Islamic economy and encourage the adoption of its principles in diverse economic activities. We are also keen to discuss cooperation with regional and international partners to support the development of production infrastructures in Islamic countries that can help these countries become active players in global industry and markets.”

Majid Saif Al Ghurair, Chairman of the Board of Dubai Chamber, said the Summit has established itself a platform for advancing knowledge-sharing on the Islamic Economy and strengthening the foundations of Islamic economy as a comprehensive system for sustainable economic growth. He affirmed that the Summit has become a convergence point for experts and stakeholders to exchange ideas and perspectives, find practical solutions to industry issues and discuss ways of developing the entire sector.