1st International Innovative Platform for Islamic Economy Products kicks off on November 22
The 'International Innovative Platform for Islamic Economy Products 2015' (IIPIEP 2015) is set to kick off on November 22, 2015 at the Al Safina Ballroom of the Jumeirah Beach Hotel in Dubai. Organized by the International Centre of Islamic Economy and the Dubai Airport Freezone Authority (DAFZA), the event is part of efforts to encourage innovation and creativity in the advancement of new products as essential additions to the worldwide Islamic economy.
IIPIEP 2015 is an initiative that supports Dubai's proactive efforts to end up being the global capital of the Islamic economy. The occasion is drawing remarkable local and international interest as a conference point in between the designers of ingenious products and appropriate professionals in order to study the economic, technical, legal and legislative aspects, to discover appropriate mechanisms for transforming innovative concepts into practical items that can advance the growth of the worldwide Islamic Economy.
The platform Speakers will include Dr. Khaled Bin Abdulaziz Al Janahi, General Advisor at the Dubai Islamic Economy Development Centre; Prof. Seif el-Din Tag el-Din, Professor of Economics at Al-Imam Mohamad ibn Saud University; Dr. Fuad bin Abdullah Al Omar, Former General Manager of Zakat House and Deputy Minister at the Kuwait Government; Prof. Fahad Bin Abdullah Al Yahya, Professor in Department of Jurisprudence at College of Sharia and Islamic Studies; Mr. John A. Sandwick, General Manager at Safa Investment Services; Mr. Oliver Agha, Group Chief Counsel for Abdul Latif Jameel International; Dr. Mohammed Al Suhaibani, Professor at SABIC Chair for Islamic Financial Markets Studies at Imam University; Dr. Sami Al Suwailem, Head of the Financial Product Development Centre at the Islamic Development Bank; Mr. Michael Gassner, Head of Islamic Finance in a Swiss Private Bank; and Associate Professor Dr. Said Bouheraoua, Senior Researcher at International Shariah Research Academy for Islamic Finance.
Dr. Mohammed Al Zarouni, Director General of DAFZA, stressed the importance of arranging a high-level yearly occasion such as the International Innovative Platform for Islamic Economic Products. He described that the event supplies a significant boost for the efforts to establish Dubai as a prominent force on Islamic economics, noting its vital function in enhancing knowledge and reinforcing communication channels among decision-makers, market experts, pioneers and developers of imaginative concepts that support H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai vision of making Dubai the capital of the worldwide Islamic economy.
Al Zarouni stated: "We are dedicated to the success of the International Innovative Platform for Islamic Economic Products as it complements the active function brought out by DAFZA as one of the world's leading free zones that incubate innovation which has become important for financial advancement together with 21st-Century needs. We provide the International Centre of Islamic Economics a common vision of developing strong foundations for improving the services and products of the Islamic Economy in line with the highest requirements of development and quality.".
"Through arranging this quality international initiative, we aim to stimulate creativity in the development of Shariah-compliant monetary products, services, and products in the structure of combination between stakeholders from the public and economic sectors. From our side, we remain to progress in our tireless efforts to support the 'Dubai the Capital of Islamic Economy' initiative, by meeting the needs of customers and clients associated with the Islamic financial system and to supply a revitalizing environment for development within DAFZA, which is today among the most sophisticated free zones in the world," he added.
For his part, His Eminence Dr. Abdulrahman Bin Saleh Al-Atram, President of the International Centre of Islamic Economy FZE and Secretary General of the International Islamic Foundation for Economics & Finance (IIFEF), said: "We are honoured to work together with DAFZA in the company of the International Innovative Platform for Islamic Economic Products which remains in line with efforts to develop an incorporated Islamic financial system that supports global financial development. We mean this interactive occasion to motivate innovative concepts and their optimum use in enhancing the contributions of the Islamic economic design in forming future advancement and finding reliable options to economic problems.".
"By hosting dignitaries and prominent economists and monetary experts we look forward to boosting cooperation in between the public and economic sectors and come to a detailed structure that can help achieve the goals for the development of Islamic Economy services and products that remain in line with local and worldwide development demands," he added.
The KSA will be represented in IIPIEP 2015 by a group of senior prominent figures led by H.R.H. Prince Abdulaziz bin Faisal Bin Abdul Majeed; H.E. Dr. Ahmad Mohamed Ali, President of the Islamic Development Bank; Saeed Bin Mohammed Al-Ghamdi, CEO of The National Commercial Bank; and Bader bin Mohammed Al-Rajhi.
As part of its dedication to drive the development of the national economy, DAFZA recently signed a strategic Memorandum of Understanding with the International Centre of Islamic Economy that mostly focuses on choosing Dubai, and DAFZA in certain, to be the head office of the. The MoU aims to enhance their mutual cooperation and make important contributions in assistance of the Islamic economy to Dubai's total GDP and support the ambitious objectives of the 'Dubai The Capital of Islamic Economy' initiative.
