Business

The Dubai Airport Freezone Authority (DAFZA) and the International Centre of Islamic Economy (ICIE) have finished preparations for the kickoff of the 'International Innovative Platform for Islamic Economy Products 2015' (IIPIEP 2015) which will occur from November 22 to 23, 2015. The event is supported by the platform's strategic partner Dubai Islamic Bank (DIB), and a variety of popular sponsors and exist by National Commercial Bank (NCB), National Bonds Corporation, and the Saudi diversified manufacturing business SABIC. The two-day occasion will be held in combination with UAE Innovation Week that comes as a celebration of innovation in the UAE, in line with the directives of the President His Highness Sheikh Khalifa bin Zayed Al Nahyan to mark 2015 as the "Year of Innovation." The UAE Innovation Week which was introduced by H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, will be arranged from 22-28 November, and will function as a definitive platform and destination for innovation and innovators in the region.

The 1st International Innovative Platform for Islamic Economy Products is poised to draw in more than 300 individuals, consisting of first-class financial and economists, choice makers and agents from authorities, supervisory, regulatory, legislative and executive entities to share the most recent innovative ideas connected to the Islamic financial sectors.

Amna Lootah, Assistant Director General-- Finance and Commercial, DAFZA, applauded the efforts of the main sponsors in support of IIPIEP which is one of the efforts targeted at transforming Dubai into a global capital of Islamic economics in line with the instructions of the smart leadership. Lootah said: "the official sponsorship offered by Dubai Islamic Bank (DIB), the National Commercial Bank (NCB), the National Bonds Corporation and SABIC, shows the high self-confidence of regional, regional and international financial, banking and economic neighborhoods for the occasion which marks an important phase for promoting ingenious ideas and employing them efficiently in the service of the international Islamic financial system.".

Mohammed Qasim Al-Ali, CEO, National Bonds Corporation, said: "This platform enhances Dubai's and the UAE's leadership in development and sustainable investments. We are happy to sponsor this prominent event that shows our aspirations to motivate development in Islamic financing and motivate youths to support the development of the Islamic economic environment.".

From his side, Mohammed bin Ibrahim Al Sabeel, Director General of SABIC Dubai, stated: "It is our enjoyment to get involved in the International Innovative Platform for Islamic Economy Products 2015 in order to exchange experiences and knowledge and add to joint efforts to promote development and creativity in the development of new products that represent vital additions to the international Islamic economy. The move remains in line with our efforts to provide more ingenious Islamic investment products that will improve the Islamic financial markets and assist in the development of banking and economic systems at the nationwide, local and global levels. We look forward to continue dealing with developing and finding ingenious financing and investment channels that work with the arrangements of Islamic law, and promoting the development of the Islamic financial market in line with our full dedication to our expert and social obligations.".

A series of high-level conversations will happen throughout the 'International Innovative Platform for Islamic Economy Products 2015' with the involvement of official speakers that include Dr. Khaled Bin Abdulaziz Al Janahi, General Advisor at Dubai Islamic Economy Development Centre (DIEDC); 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 at the Department of Jurisprudence at the 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.

• Tags
• #Business
• #Magazine
• #Lifestyle