DAFZA & International Center of Islamic Economy introduce ‘Transformation Forum'

UAE, September 25, 2017- The Dubai Airport Freezone Authority (DAFZA) and International Center of Islamic Economy are preparing to launch the first edition of the annual Transformation Forum on November 22, 2017 at the Le Méridien Dubai Hotel and Conference Centre. The event will provide a stimulating environment for the development of Shar’iah-compliant products and services giving an ideal platform for supervisory bodies and financial institutions to share ideas and ways to drive transformation towards Islamic Finance.

The first-of-its kind event will showcase many Shar’iah products, activities and services with the participation of key figures in the Islamic Economy sector – including experts, investors, businessmen, financial institutions, government entities and agencies, trade offices from both the public and private sectors, as well as strategic partners and governmental and non-governmental institutions.

While National Bonds being the Gold Sponsor of the forum, 15 organizations will be exhibiting from different countries specializing in advisory and consultancy services of Islamic Finance and Economy. It will offer investors promising opportunities within the Islamic Economy, which will help diversify the national economy further by supporting the new dynamic sector in line with the strategic plan for the development of the Islamic Economy launched by H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, in 2013 to enhance Dubai's status as a global reference for Islamic Finance and Economic activity.

Amna Rashid Lootah, Assistant Director-General of Finance, Commercial, and Customer Relation division, Foster of DAFZA innovation and future unit Dubai Airport Freezone Authority, added: “We value our strategic cooperation and partnership with the International Center for Islamic Economy. We are committed to supporting joint efforts to achieve the objectives of the ‘Dubai: Capital of the Islamic Economy’ strategy by launching various innovative initiatives aimed at broadening the contributions of the international business community in various sectors of the Islamic Economy. The inaugural edition of the Transformation Forum forms part of our efforts to enhance the position of the Islamic Economy within the global economic system.”

Commenting on the event, Sultan Al Howymel, Chief Executive Officer, International Center of Islamic Economy, said: “Our partnership with DAFZA in organizing this event highlights Dubai’s efforts to establish a leading position in the global Islamic. We look forward to helping investors expand their contact base, benefit from other successful experiences, explore new opportunities and solutions, as well as discuss challenges by meeting with businessmen and experts in the field of Islamic Economy.”

The Transformation Forum is a major event that will drive the growth and vitality of the Islamic Economy by focusing on Islamic Finance and Investment, Islamic Insurance, contract review, consultancy, advisory and ensuring Shar’iah-compliance, and the development of the Halal and non-profit sectors.