Dubai to host Islamic economy summit

Aug 06, 2016

The third edition of the Global Islamic Economy Summit is scheduled for October 11 and 12. The event will discuss compliance with Muslim laws in sectors such as finance, foodstuff, tourism and arts.

São Paulo – The third edition of the Global Islamic Economy Summit will take place on October 11 and 12 in Dubai, United Arab Emirates. The event will gather business executives and experts of the sector. They will discuss topics such as halal food, family tourism, Islamic arts and fashion, Islamic finance and other sectors that comply with Sharia, the Muslim law.

The summit is organized by the Dubai Chamber of Commerce & Industry and by the Dubai Islamic Economy Development Centre. The event’s main theme this year is Inspiring Change and it will be divided in six plenaries that will cover issues ranging from how the global dynamics shapes the Islamic economy to the operations of Islamic funds.

According to a statement by the Dubai Chamber, the event aims to offer an integrated platform so experts of the sector can discuss the main issues and trends on Islamic economy, highlighting the most important contributions that this sector can provide for the improvement of people’s lives and the achievement of sustainable development.

There will be concomitant discussions on specific topics such as food and fashion, plus business matchmaking, debates, motivational speeches, gala dinners and the competition Innovation 4 Change.

“As the Islamic economy continues to grow at a rapid pace and prove itself as a viable solution to the stagnation that is plaguing global markets, the Global Islamic Economy Summit becomes all the more important as a platform for the major stakeholders in the fields to come together and share knowledge and ideas on how to drive the sector forward and, through it, achieve sustainable economic growth”, said Majid Saif Al Ghurair, Dubai Chamber’s chairman, according to the organization’s statement.

According to the event’s website, the assets of Islamic banks are estimated at USD 1.65 trillion and are expected to double over the next four years. The amount generated by the Muslim lifestyle is expected to grow 10% annually, reaching USD 3.7 trillion in 2019. For further information go to