The CEO of the Dubai Islamic Economic Development Centre (DIEDC) will deliver the keynote at the upcoming World Islamic Banking Conference (WIBC).
Abdulla Al Awar will highlight the effort to channel the Islamic economy toward a more sustainable future in the GCC region.
Al Awar has promoted economic diversification into non-oil sectors, and looks to increase the non-oil GDP of Dubai to 80 per cent by 2021.
“Today we notice a growing interest among investors to engage in financing viable projects and support the global march towards sustainability. Islamic finance is increasingly being seen as a shield that can help safeguard the development process from potential crises. As stakeholders of the Islamic economy we need to develop synergies and explore opportunities for responsible and ethical investment that are rapidly opening up,” said Al Awar.
“Given this appetite for investing in the Islamic economy sector, and coinciding with the GCC region’s economic diversification into non-oil domains, DIEDC is pleased to participate in this significant event and share key insights on the growth potential and sustainable future that Islamic economy represents for our region and the world at large.”
The DIEDC was established in 2013 to develop and promote Dubai as a global hub for the Islamic economy.