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Islamic FinanceNovember 2 2015

DIEDC chief looks to drive Islamic economy

The Islamic economy – be it the halal industry, tourism, retail, pensions or telecommunications – needs well-regulated, geographically harmonised sharia-complaint finance if it is to realise its full potential, Dubai Islamic Economy Development Centre CEO Abdulla Mohammed Al Awar tells The Banker.
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Q: What is the role of Dubai Islamic Economy Development Centre [DIEDC] in promoting the growth and diversification of the Islamic economy in the United Arab Emirates?

A: Since its inception in 2013, DIEDC has worked closely with various stakeholders to articulate the vision of Dubai to become the ‘capital of the Islamic economy’. Through its synergies with several entities across different sectors, the centre remains focused on promoting and nurturing a culture of ethical and responsible investments in an Islamic economy ecosystem that ensures sustainable growth and prosperity.

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