Higher Committee for the Development of Islamic Economy Sector Hosts Media Training Course in Collaboration with Mohammad Bin Rashid School of Government

• Course Draws Participation of Journalists from Top Regional Media Organizations
• Shares Knowledge on Islamic Economy and Highlights Importance of Initiative to Dubai's Real Economy

Dubai-UAE: 23 November, 2013 - The higher committee for the development of the Islamic Economy Sector today rolled-out a media training course, in collaboration with the Mohammed Bin Rashid School of Government (MBRSG). Drawing the participation of business and economic journalists from the region's top media houses, the course shares knowledge on the Islamic economy and highlights its potential impact on Dubai's real economy.

One of the latest government initiatives to support Dubai's claim as the capital of Islamic economy, the course will run until 27 November at the Mohammed Bin Rashid School of Government.

The course discusses the seven main pillars of the Islamic Economy Initiative, which revolve around making Dubai the global reference and hub for Islamic financing, the main center for halal food industries and the trusted name for the accreditation of such products, the destination of choice for family tourism, the main world platform for Islamic e-commerce and Islamic digital economy, the global capital for Islamic design and innovation, the main center and reference for knowledge, education, and research in all pillars of the Islamic economy, and the most reliable center for Islamic economy standards and certification.

His Excellency Essa Kazim, Chairman of Bourse Operator Dubai Financial Market and the Secretary General of the Higher Committee for development of the Islamic Economy sector said: “As we seek to strengthen Dubai's position as the global capital of Islamic economy we realize the importance of the role that the media, businesses from large corporates to small proprietary firms and individuals play in achieving this ambition. More importantly, we understand that there is critical need to educate the community and mobilize them as one synchronized team towards this objective. The media training course comes as part of this effort, as it will enhance our association with all sectors especially with media who we consider the main partner in this initiative.”

Dr. Ali Sebaa Al Marri, CEO of the Mohammed Bin Rashid School of Government (MBRSG), said: “Private and public institutions must adopt the policies that support Dubai's vision of becoming the capital of Islamic economy. For us, at MBRSG, it was important that we support the Dubai Capital of Islamic Economy Initiative by offering intellectual and scientific support that will in return contribute in raising awareness on the concept of Islamic economy. We are confident that the program will offer media professionals a better understanding of the initiative and its positive impact on the emirate's real economy and motivate everyone to support the initiative.

The 12-lecture training program covers a range of topics concerning Islamic economy. Lectures on the first day defined Dubai's status as the capital of Islamic economy while highlighting prospects, challenges and power centers. An overview on the historical significance of the concept and Dubai's role as the birthplace for Islamic finance was also provided. The foreseeable challenges, and prospects in the growth of Islamic banking, Islamic finance as well as the arbitration of Islamic contracts were discussed.
On the second day, the lectures will cover the halal industry, design and innovation, standards of Islamic economy (quality, commercial, industrial), as well as education and research on the sector. The participants will also be offered an introduction to Takaful (Islamic insurance), which will include models of interdependence, structures, processes and principles of the shariah.
Media professionals participating in the training program will also have the opportunity to attend the Global Islamic Economy Summit that will run from 25 – 26 November, in Dubai. The last day of the training will be devoted to field visits to key government entities related to the sector.