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Dubai’s Islamic finance potential highlighted – Economics & Business Channel
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Dubai’s Islamic finance potential highlighted

The Dubai Chamber of Commerce and Industry (DCCI) called upon Azeri businesses to invest in Dubai’s Islamic finance sector in light of the emirate’s vision of becoming the capital of Islamic economy.

The DCCI also called on them to benefit from the city’s attractive investment environment during a roundtable discussion on “Islamic Finance” held recently in the Azeri capital Baku.

The roundtable, which was attended by representatives of leading banks, the Central Bank, advisory companies, and other stakeholders, provided an overview of the Dubai Chamber, its international initiatives, including ProDubai, and support of the financial services industries in Dubai and Mena through various platforms and a partnership with the ICC Regional Banking Commission Mena.

Hassan Al Hashemi, vice president of international relations, Dubai Chamber, stated that the objective of the roundtable was to bring to the attention of the Azeri businesses Dubai’s capability, vision and experience in the area of Islamic economy as well as the emirate’s status as an advanced global business hub.

Al Hashemi invited Azeri businesses to collaborate with UAE companies due to their extensive expertise and experience in the field of Islamic finance which has proved its strength and resilience during the global financial crisis. He assured them of the Baku representative office’s support in strengthening cooperation ties between the business communities of Dubai and Azerbaijan.

Al Hashemi called upon Azeri businesses to participate in the 10th session of the World Islamic Economy Forum (WIEF) organised by Dubai Chamber this November in the emirate. Hosted for the first time in the region, the forum is expected to be attended by over 2,500 delegates from across the world as it helps businesses explore investment opportunities, and policy-makers and thinkers to discuss the ways to benefit from the growth of Islamic economy, as well as the subsequent demand for Islamic products.