Thursday 23 June 2011

UAE is the global centre for Islamic finance: Al Awadi

Industry experts highlighted key challenges, business prospects and export opportunities in various key markets in the Islamic finance sector at a forum hosted by Dubai Exports.

The forum, held in partnership with Zawya, a leading provider of financial information in the MENA region, brought together leading local and international scholars and practitioners from the sector. It also showcased presentations about Islamic finance opportunities in Germany, Africa, Indonesia and the Arab World as well as the Takaful sector.

Dubai has shown that it can be innovative through the development of new Shariah-compliant products to meet the needs of an ever increasing and sophisticated investor. Ensuring that the UAE is the global centre for Islamic finance, Engineer Saed Al Awadi, Chief Executive Officer, Dubai Exports, stated, “Two years ago we decided to start promoting UAE’s capabilities and expertise in Islamic or Shariah compliant financial services to major markets abroad. We were not surprised by the overwhelmingly positive response to the mission and the successful outcomes that have been achieved to date. I strongly believe that as the leaders and pioneers in the sector our firms have the necessary expertise to channel this sector in international markets."

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