The upcoming Global Islamic Economy Summit (GIES) in Dubai, UAE will discuss key issues and major trends in Islamic economy in the region and the world.

The third instalment of the event will take place on October 11 and 12 at Madinat Jumeirah.

Bearing the theme “Inspiring Change” the summit is organised by the Dubai Chamber of Commerce and Industry and the Dubai Islamic Economy Development Centre, with Thomson Reuters as a strategic partner.

This year’s event will include six plenary sessions covering, on the one hand, broad topics such as the global dynamics shaping the Islamic economy, as well as, on the other hand, more specific subjects such as Islamic finance and sukuk.

In addition to that, the summit will host parallel sessions discussing Islamic economic sectors from halal products and modest fashion to family tourism and Islamic art. These sessions aim to find practical and sustainable solutions for the challenges that the Islamic economy faces.

Majid Saif Al Ghurair, chairman, Dubai Chamber, and board member of the Dubai Islamic Economy Development Centre, said: “The fact that influential leaders, decision makers, and experts in key economic sectors have all converged in Dubai for the Global Islamic Economy Summit only goes to prove the emirate’s position as a true capital for the Islamic economy.”

“It reflects the tremendous efforts exerted by Dubai to shed light on the concepts and mechanisms of the Islamic economy. The summit’s main topics are broad and comprehensive and, thus, allow for an open discussion about the components of the Islamic economy, all the while shedding a light on innovative solutions to confront the challenges that face the global economy today and achieve sustainable development,” he added.

Abdulla Mohammed Al Awar, chief executive officer of Dubai Islamic Economy Development Centre, said: “This year’s summit tackles themes and strategic issues that are relevant to both local and international stakeholders and, therefore, call for in-depth discussion to map out a clear future for the global economy – not just the Islamic domain.”

“Given the fact that each sector of the Islamic economy offers incredible potential to impact the overall economic culture, GIES 2016 will help further clarify its many nuances. We are confident that a renewed understanding of the sector will greatly benefit all segments of society, particularly the youth to help them apply the knowledge gained for achieving sustainable social and economic development. We believe that with greater clarity comes greater appreciation – inspiring people to adopt moral principles that makes this responsible economic model unique in all respects.”

Nadim Najjar, managing director, Mena, Thomson Reuters, said: “The current global economic climate and the search for new underserved markets has brought a fresh spotlight onto the various sectors of the Islamic Economy. The convergence of the Shariah compliant industries is likely to be a new engine of growth that engages both the Muslim and non-Muslim economies across the world.” – TradeArabia News Service