Dubai announced its vision to be capital of Islamic economy back in 2013. Islamic principles play a growing significance in today’s global business environment, with the size of the Islamic economy reaching $2.3 trillion and the Muslim population reaching 1.6 billion.
Supporting this vision, one of Dubai Chamber’s strategic priorities is to focus on promoting the growth of Islamic economy. In line with this priority, and under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we launched the Global Islamic Economy Summit (GIES) in collaboration with Thompson Reuters in 2013.
The inaugural GIES introduced to the world the idea of a cohesive global Islamic Economy. The annual Summit has since become a platform for over 2,000 policymakers and business leaders to connect to discuss critical issues affecting the Islamic Economy across all its seven pillars: Islamic finance, Halal industries, Halal tourism, the Islamic digital economy, Islamic art and design, Islamic standards and certification, and Islamic information and education.
This year’s Summit will take place in Dubai on October 11-12, 2016, under the theme “Inspiring Change”. It will focus on corporate social responsibility and the concept of endowments (waqf) as we examine the principles of genuine philanthropy as the basis for business activities.