Global Islamic Economy Summit concludes in Dubai

Thursday 08 Oct 2015 - 10:47 Makkah mean time-25-12-1436

(Image from Internet)

Dubai, (IINA) - Under the patronage of Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed Bin Rashid Al Maktoum, the curtains of the 2015 edition of the Global Islamic Economy Summit (GIES) came down on Wednesday, with participants unilaterally agreeing on a set of recommendations that can significantly enhance the stature of Islamic economy in the Arab region and worldwide, CPI Financial News reported.
The summit emphasized the need to achieve integration between Islamic investment sectors, accelerate the role of Islamic finance in building a sustainable future and strengthen the prosperity of national economies in general.
The second edition of GIES was attended by 3,500 visitors and stakeholders from the government, financial and investment sectors from more than 85 countries worldwide. The event validated Dubai’s success in strengthening its position as capital of Islamic economy. The summit also highlighted Dubai’s proactive role in developing an Islamic economy ecosystem that articulated the vision of Sheikh Mohammed bin Rashid.
Chairman of the Board of Dubai Islamic Economy Development Centre (DIEDC) Mohammed Al Gergawi said: "The UAE is a major player in the global economy with its proven ability to open up unmatched opportunities and initiatives. The deliberations of the GIES have defined a new phase of development for this emerging ecosystem. It has laid the foundations of solutions to current challenges, and highlighted the possibilities offered by the growth opportunities in all sectors of the Islamic economy.”
Hamad Buamim, President & CEO, Dubai Chamber, said: With more than 3,500 delegates, the discussions held during the summit reinforce the importance of the stability and ethical code of conduct that the Islamic economy provides to the global markets in these uncertain times.
Covering all the seven pillars of the Islamic economy, this summit has provided a platform for exchanging new ideas on contemporary issues, such as the role of innovation in the digital economy, which also aligns with our strategy to focus on innovation as a pillar of growth. More importantly, the GIES has initiated a dialogue on relevant issues impacting Islamic economy. Entrepreneurs are the future of Dubai and the opportunities that the Islamic economy offers them to build on new and existing ideas are boundless and mark a step in the right direction for Dubai to emerge as the global capital of the Islamic economy.
On his part, CEO of DIEDC, Abdulla Al Awar, said: “The summit’s deliberations will go a long way to shaping our next steps in this nascent domain. The insights and outcome of this summit have validated DIEDC’s objectives in hosting a landmark event of this stature at a most significant time when the world is seeking alternatives to a conventional economic system that has triggered several crises.
“One of our principle aims in hosting this summit was to achieve synergy between various sectors of the Islamic economy – the summit has underlined the importance of such collaboration if we are to unlock the full potential of this unique ecosystem.”
Nadim Najjar, Managing Director, Middle East and North Africa, of Thomson Reuters, said:  “The growing prominence of Islamic economy as a new horizon of opportunities has caught the attention of established corporates, entrepreneurs, and governments worldwide. Thomson Reuters is proud to have contributed to this emerging global opportunity. The GIES 2015 has leveraged this momentum through offering participants real, tangible insights and connectivity.
“We assembled two days of programming for delegates attending GIES 2015 which explored how the Islamic economy is having an increasing effect at the global level, and how it presents viable solutions well beyond the typical sectors of banking and finance.”
GIES 2015 honoured the winner in the ‘Innovation 4 Impact’ contest organized specifically for the summit by Dubai Silicon Oasis Authority and Thomson Reuters with the support of the Dubai Islamic Economy Development Centre (DIEDC). Ali Dabajah founder of Hajjnet received the award.
On the second and final day of the summit, John Defterios, senior anchor emerging markets, CNN, moderated a panel discussion entitled: ‘The Islamic Economy in Corporate Strategy Agendas’. The panelists included Nirmal Govinda Das, Senior Vice President - Corporate Treasury, Emirates Airlines, Dr El Rashid Dafalla Mohamed, CEO, Emirates Modern Poultry Co., and Eyup Isik, Senior Vice President - Finance, Turkish Airlines, and Turkey.
GIES 2015 also included two sessions on Islamic design and arts. The first one ‘Islamic Art & Design: Is Islamic Art Going Mainstream?’ was moderated by Sultan Saoud Al Qassemi, Founder, Barjeel Art, with panelists including Ahmed Salim, producer and managing director, 1001 Inventions, Dr Ulrike Al Khamis, Senior Strategic Advisor, Sharjah Museum of Islamic Civilization, Moustafa Fahour, Founder Islamic Art Museum of Australia, Australia and Assoc Prof Salwa Mikdadi, associate professor of Art History, New York university Abu Dhabi.
The second session on Islamic art and fashion was moderated by Alia Khan, founder and chairwoman, Islamic fashion and design council, UAE. The session was headlined by Diajeng Lestari, Founder, Hijup.com, Indonesia, Kerim Ture, Founder, Modanisa.com, Turkey, Rami El Malak, Founder, Miella, UAE and Harun Rashid, Founder, Islamic Design House, UK.
In the afternoon, Amani Alkhatahtbeh, founding editor-in-chief, MuslimGirl, moderated the session ‘Islamic Digital Economy: Innovation, Millennials and the Digital Revolution’. The speakers included Ayman Al Bannaw, Managing Partner, Alaa Capital Management, UAE, Dr Philip Boigner, Vice President – Investments, Dubai Silicon Oasis, UAE, Chris Abdur-Rahman Blauvelt, Founder, LaunchGood, USA and Shahed Amanullah, CEO and Co-Founder, Affinis Labs, USA.
SM/IINA

This entry passed through the Full-Text RSS service - if this is your content and you're reading it on someone else's site, please read the FAQ at http://ift.tt/jcXqJW.