Islamic Economy Week to Be Held in Dubai

The Islamic Economy Week is set to kick off on Saturday, 27 October, 2018, and extending until Thursday, 1 November, 2018, will feature the fourth edition of the Global Islamic Economy Summit (GIES 2018), that also includes the sixth Islamic Economy Award (IEA) ceremony.

The Dubai Islamic Economy Development Centre (DIEDC) today released a detailed agenda for the Islamic Economy Week that is set to kick off on Saturday, 27 October, 2018. The event, extending until Thursday, 1 November, 2018, will feature the fourth edition of the Global Islamic Economy Summit (GIES 2018), that also includes the sixth Islamic Economy Award (IEA) ceremony.

The week will also host the Islamic Creative Economy Competition (ICEC) and the Global Islamic Business Award, as well as other activities related to various sectors within the Islamic economy.

The Islamic Economy Week is also designed to spread the principles and ethics of Islamic economy, while highlighting its pivotal role in overcoming the emerging economic challenges. The activities, organised in collaboration with strategic partners from the public and private sectors, will utilise a 360-degree approach to cover a spectrum of aspects that highlight Dubai as the global reference for innovation in the Islamic economy sector.

The Global Islamic Economy Summit, running from 30 to 31 October at the Madinat Jumeirah, will serve as a key highlight of the Islamic Economy Week. The summit is organised by DIEDC and the Dubai Chamber of Commerce and Industry in collaboration with Thomson Reuters as a strategic partner.

The flagship event will bring together influential policymakers and experts to address the greatest challenges and opportunities in Islamic economy. Given the prospects for strong growth in the Islamic economy sectors and the remarkable progress achieved in recent years, the Global Islamic Economy Summit 2018 will focus on the importance of trade opportunities, social development and ethical business investment.

The sixth Islamic Economy Award ceremony, organised by DIEDC in partnership with Thomson Reuters under the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, will take place on the sidelines of the fourth Global Islamic Economy Summit (GIES 2018).

For its part, the first-of-its-kind Global Islamic Business Award will honour companies that serve not only its shareholders, but also its employees, customers, and the community at large, in accordance with Islamic values. Led by the Department of Economic Development in Dubai, the award is distributed based on the criteria of the Islamic Business Excellence Model developed by the Global Islamic Business Excellence Center. The model comprehensively translates Islamic values into corporate governance practices and management enablers to create sustainable benefits for all stakeholders.

The Islamic Economy Week’s agenda will witness the launch of events that disseminate the culture of Islamic economy and empower attendees with skills relevant to their sector. The event line-up includes the following:

-First Emirates International Accreditation Center’s pilot global assembly meet of halal certification bodies

-First joint DIEDC and Securities and Commodities Authority roundtables series at Nasdaq Dubai

-Session on international halal standards and schemes benchmarking for halal auditors by Halal Academy

-Mosques of the World exhibition at Jumeirah Grand Mosque

-Tawaaf exhibition at Alserkal Cultural Foundation by Dubai Culture

-Session addressing funding challenges in the next phase of Belt and Road Initiative at Hamdan Bin Mohammed Smart University

-A ‘Music of the Spheres’ Islamic geometry workshop by Dubai Culture at Re: Urban Studio

-Workshop titled ‘Islamic Fintech – Innovations in Sustainable Finance’ by Heriot Watt University

-Session on halal logistics in theory and practice by Karavan Management Consulting at Dubai Airport Freezone (DAFZA)

-Session on the State of the Global Islamic Economy in 2018 at Dubai International Financial Centre

-Halal Expo by Orange Fairs at Crown Plaza Dubai on Sheikh Zayed Road

-Session titled ‘Islamic Economy: A new dimension in business excellence’ by Department of Economic Development

-‘Digital Financial Inclusion: Morality, Risks and Regulation Session’ at the Etihad Museum

-A pitching skills workshop and a cultures of innovation workshop by Sharjah Entrepreneurship Center and Sajory respectively

-Sharia Governance in the UAE by Sharia Departments Forum at Etihad Museum

-‘Design a Memorable Brand for the Islamic Economy’ workshop with Peter Gould by Dubai Design & Fashion Council at Dubai Design District

-‘Social Entrepreneurship Priorities Across Islamic Economies’ session by GoodforceLabs

-Islamic Fin

-Tech Entrepreneurship networking event by FinTech Hive at DIFC

-‘Role of Culture in Driving Global Innovation’