Driving Innovation, Unlocking Potential
The inaugural Global Islamic Economy Summit in 2013 introduced to the world the idea of a cohesive global Islamic Economy. This year we build on that palpable momentum to go beyond delivering on ‘what’ this market is to showing ‘how’ we can all benefit from it.
This year’s Summit will be the platform for over 2,000 policymakers and business leaders to connect from across the Islamic world and beyond. The Summit will discuss critical issues affecting the Islamic Economy, including those related to: business and investment opportunities in Islamic finance and insurance; the full Halal food value chain from manufacturing to logistics; Halal products manufacturing; Tourism; and small- to medium-sized enterprises (SMEs).
Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, we welcome you to the Global Islamic Economy Summit 2015 at Madinat Jumeirah, Dubai, UAE on October 5th and 6th 2015. Organised by Dubai Chamber of Commerce & Industry and Thomson Reuters, the 2015 Summit will not just match the success of the inaugural 2013 Summit but surpass it.
Definitive economic success for the 21st century.
The Islamic economy is one of the fastest growing markets in the world. There are over two trillion reasons to attend the Summit. The predominantly young population of 1.7 billion Muslims worldwide represents a universe of $2 trillion in consumer spending, and this demographic is growing at twice the rate of the global population. At a time when the global economy is entering ‘secular stagnation’ (according to the International Monetary Fund) due to a decline in investments and an ageing population, the Islamic Economy stands in stark contrast offering a viable solution to global economic growth and success in the 21st century.
With real tangible growth momentum being driven by multinationals and innovative entrepreneurs, the Global Islamic Economy Summit 2015 will focus on further realising this growing opportunity by highlighting innovation opportunities, growth strategies and success stories within the Islamic Economy sectors.
There is no better place to do this than Dubai, the home and heart of the Islamic Economy. Located at the centre of the Islamic world, the city boasts strong economic and trade linkages between East and West, North and South, and is the focal point between the African, Asian and European markets.
This is a landmark event unlike any other. The 2015 Global Islamic Economy Summit is not to be missed.
The Summit will be important to organisations and individuals such as:
- International business leaders with current and potential investments in Islamic economy sectors
- Ministers, policymakers, political leaders, senior government officials from the Organization of Islamic Cooperation (OIC) countries and key Islamic economy exporters
- Business specialists – business professionals, mid-level managers, business development managers, analysts, risk professionals in industrial sectors and financial institutions
- Shariah scholars and advisors
- Lawyers and legal experts
- Professors and academics
- Owners of Islamic business enterprises
- Senior representatives of multilateral bodies and policy making, stakeholder and infrastructure institutions
- Senior representatives of investment promotion agencies of Islamic countries
- Leading international and local media
- Business sectors: Banks from MENA and SE Asia; Takaful companies; Private Equity investment companies; Asset Management companies; Food Manufacturing companies; Pharmaceuticals Manufacturers; Logistics companies; Fashion and Design Houses and Brands
- Hotels, Travel Agencies and Tourism related companies; Marketing and Advertising agencies and SMEs from the MENA region
Established in 1965, Dubai Chamber of Commerce & Industry is celebrating its milestone anniversary of 50 years' empowering vision in Dubai’s business community. A non-profit public entity, Dubai Chamber supports Dubai’s vision as a global player by empowering businesses, providing innovative value added services and access to influential networks. Its mission is to represent, support and protect the interests of the business community in Dubai by creating a favourable business environment, supporting the development of business, and by promoting Dubai as an international business hub.
For more information, visit: http://www.dubaichamber.com
‘Dubai Islamic Economy Development Centre (DIEDC) was established in December 2013 to transform Dubai into the ‘Capital of Islamic Economy’, as envisioned by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, supervises the efforts of the DIEDC and its Board to bolster Dubai's bid to become a global hub for the Islamic Economy, encompassing a wide array of sectors through harnessing the projected US$6.7 trillion Islamic economy market.
DIEDC is equipped with the financial, administrative and legal tools to promote economic activities compatible with Islamic law in Dubai's goods and financial services sector, as well as the non-financial sector. In this capacity, it will conduct research and specialist studies to determine the contribution of sharia-compliant activities to the emirate's gross domestic product, and explore how to extend this contribution to boost the economy. DIEDC is also mandated to create new products and lines of service to law firms specialising in finance structuring."
For more information, visit http://www.iedcdubai.ae/
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organisation. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges.
For more information, visit http://thomsonreuters.com
The Summit in 2013 reached enormous heights. Its original insights and industry interactions were covered by regional and international media outlets including CNN, Huffington Post, CNBC and The National . As a result of the 2013 Summit, hundreds of start-ups have launched, while established brands and investors have increased their investments around the six converging core Islamic Economy sectors profiled by the 2013 Summit: Halal food, Islamic finance, family-friendly travel, modest fashion, media and recreation, pharmaceuticals and cosmetics.
The Summit attracted senior representatives from governments, as well as top executives from leading Islamic financial institutions who actively discussed Islamic Economy opportunities with top senior executives from food, media, tourism and other lifestyle sectors. Over two days, 95 speakers gave their insights and shared their experiences to a packed audience of more than 2,700 delegates from 89 countries. The Summit also recognised Islamic Economy sector leaders through a first of its kind 'Global Islamic Economy Awards' to further encourage entrepreneurship and excellence in the Islamic Economy's core sectors.
To view the GIES 2013 Review, click here
The Islamic Economy affects the lives of more than just the 1.7 billion Muslims worldwide. It is open to all discerning consumers, citizens, and businesses from Australia to Alaska who understand the need to improve the way we consume, produce and work with one another. The Islamic Economy is a way of living - through products, experiences, services, processes and relationships - that is halal, ethical, wholesome and family-friendly. The Global Islamic Economy portal is your central resource to learn about, connect, and engage with the rapidly-growing global Islamic economy.
Today, Islamic finance is used in 60 countries and is an ethical, stable and viable financial system that is growing faster than conventional finance. The biggest markets are in Southeast Asia and the Middle East.
Halal food & beverages are produced and sold by countries from Australia to the USA and which range from meat and poultry to non-meat foods to micro ingredients to flavourings and colourings. The industry shares many values with other Abrahamic religions and the ethical food industry, which are aligning itself with Islamic teachings that condemn unfair and unethical business practices.
The Islamic fashion industry is worth more than $200 billion worldwide. Islamic fashion is more than just modest attire. The sector is increasingly aligning itself with end-to-end Islamic teachings that condemn unfair and unethical business practices.
Muslims are spending more on travel and tourism as middle classes and spending power go up in Islamic countries. When travelling on holiday or business, the Muslim seeks halal experiences that are wholesome and family-friendly.
End-to-end halal ingredients aren't only for Food and Beverages. If aligned fully with the Islamic ethos. the pharmaceuticals industry is on that champions ethical practices, including providing mediciines to those who cannot afford them.
End-to-end halal ingredients aren't only for Food and Beverages. If aligned fully with the Islamic ethos. the Cosmetics industry is on that champions ethical practices.
The production and consumption of media and recreational activities is a rapidly-growing sector. Physical communications infrastructure develops in tandem with the rising demand for wholesome and family-friendly content.