Dubai: The UAE has received top rankings as one of the healthiest Islamic economy environments worldwide, second only to Malaysia on scores spanning seven key economic sectors, according to the second edition of the Global Islamic Economy Indicator (GIEI), which measures the development health of Islamic economy sectors across 73 core countries.

The updated indicator is featured in the third ‘State of the Global Islamic Economy Report’ (SGIE 2015-2016) revealing the outstanding growth of the Islamic economy across strategic sectors and the abundant opportunities available in global Islamic markets, whose launch comes ahead of the Global Islamic Economy Summit (GIES 2015) which is taking place in Dubai next


Commenting on the launch of the report, Eisa Kazim, Secretary-General of DIEDC, said: “While we celebrate the achievements of Dubai’s leadership in the Islamic finance domain that have led to the emirate outpacing top global financial centres in sukuk listing, we are confident the trillion dollar industry will continue to drive innovative ideas for future investments and help enhance competitiveness across the world to create new avenues for the growth of the whole ecosystem. The State of the Global Islamic Economy Report and Index 2015 can serve as a road map for a world of future opportunities that investors globally can tap into.”