Borse Dubai chairman says timing is right for Islamic economy - The National

Suddenly, the Islamic economy is at the heart of the revival under way in Dubai, and Essa Kazim, one of the leading players in the emirate's financial infrastructure, is convinced the strategy will pay off.

Last week, underlining Dubai's new-found confidence in global financial markets, the emirate raised US$1.25 billion (Dh4.59bn) in government sukuk (Islamic bonds) at competitive interest rates.

Now, Mr Kazim, the chairman of the Borse Dubai, believes, the time is right for corporate issuers to back Dubai's ambitions to become a leading global hub for Islamic business, in finance and commerce.
Borse Dubai chairman says timing is right for Islamic economy - The National