UAE Amongst Top Three Islamic Economies Globally

SourceAl Bawaba

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, and General Supervisor of the ‘Dubai: Capital of Islamic Economy Initiative’ said that the UAE has accumulated extensive expertise in the field of Islamic economy and established a robust fintech infrastructure that places it in a strong position to become a global leader in developing the sector. The Crown Prince attributed the success that Dubai has achieved in the sector to the progressive vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, which laid the foundations for the Islamic Economy sector to become an important pillar of the national economy. Sheikh Hamdan’s remarks came on the occasion of the announcement of the results of the 2020-2021 State of the Global Islamic Economy Report today. Speaking about the global impact of the Coivd-19 pandemic, the Crown Prince pointed out that the Islamic Economy sector has the potential to lead post-pandemic global economic recovery.

He stressed the need to take advantage of fresh opportunities that can open new economic horizons and help both the region and the world overcome the repercussions of the pandemic. more...