The conveners of the 23rd annual World Islamic Banking Conference – Middle East Global Advisors, along with the strategic support of the Central Bank of Bahrain – announced that Abdulla Al Awar, CEO of the Dubai Islamic Economic Development Centre (DIEDC), will keynote the 2nd day of the upcoming gathering of the global Islamic and finance industry, this December 7th, 2016 at the ART Rotana Hotel, Amwaj Islands, Bahrain.
Mr. Al Awar has been a strong advocate of the contribution of the UAE, particularly Dubai, in the global development of the Islamic Economy. He has been instrumental in promoting economic diversification into non-oil domains, which looks to increase the non-oil GDP from the current 68.6 percent to 80 percent by 2021.
Speaking ahead of WIBC, Mr Al Awar shared that: “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.”
Speaking to the participation of DIEDC in the 23rd edition of WIBC, he continues by mentioning: “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 under the supervision of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, in order to develop and promote Dubai as the global capital of the Islamic economy. The DIEDC is founded on seven pillars, which includes finance, and Dubai’s strategic location and infrastructure has enabled DIEDC to play a formative role in forging a global Islamic ecosystem for the Muslim world.
WIBC 2016 is a three-day gathering of the financial industry’s leaders, taking place on the 5th, 6th and 7th of December at the Gulf Hotel in Manama, Kingdom of Bahrain. For more information, visit www.wibc2016.com.