Global Islamic Economy Summit 2015, Dubai: Business Studies Lecturers Attends

Over 2,000 policymakers, thinkers, academics and business leaders gathered in the two-day Global Islamic Economy Summit held on 5th-6th October, 2015 at the Madinat Jumeirah, Dubai, UAE hosted by the Dubai Chamber of Commerce, the Dubai Islamic Economy Development Centre (DIEDC), and Thomson Reuters.

His Highness, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai, inaugurated the summit where the theme was “Driving Innovation, Unlocking Potential”. The effort is to continue to facilitate the growth and development of the Islamic Economy. His Highness Sheikh Mohammed also inaugurated ‘Salaam Gateway,’ the first and only online platform for all Islamic economy-related industry intelligence, news, information, and data.

It was pointed out in the summit by H.E. Majid Saif Al Ghurair, Chairman of the Dubai Chamber of Commerce and Industry that the Islamic economy is a way of life experienced by over 1.6 billion Muslims around the world and its model cuts across all aspects of economic and social lifestyle of individuals and communities. It was acknowledged that the model has proven its excellence during the global financial crisis; applicable for Muslims and non-Muslims alike.

The Summit Agenda focused on the Pillars of the Islamic Economy, which includes, Islamic banking and finance, Islamic digital economy, Islamic art and fashion, halal food, halal pharmaceuticals, halal travel and tourism and Islamic brands.

Notable speaker, the Nobel laureate and founder of Grameen Bank in Bangladesh, Professor Muhammad Yunus, shared his views on the power of social businesses. He shared his journey of Grameen Bank and the conception of microfinance. According to him, “harnessing talent within the Islamic economy is to create a new institution to serve the people that are underserved or never served”. “We hire people not to work but we hire them as creators-creators of job for others.”

The summit was attended by four business studies lecturers, namely: Mr. Ahmed Al Saadi, Dr. Cirilo Mirano, Mr. Reynald Funtinilla and Dr. Joefrelin Ines. The lecturers gained extensive knowledge about Islamic Economy; from halal products to Islamic banking and finance, and an economy that represents a number of sectors that are receiving worldwide recognition and facing an increasing demand. 

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