Global Islamic Economy Summit addresses Industry 4.0, Power of Blockchain

DUBAI, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, attended today the fourth edition of the Global Islamic Economy Summit (GIES), which kicked-off today in Madinat Jumeirah, Dubai.

Deliberating on ideas to leverage the Islamic economy to boost social integration and promote innovation and technology in a manner that ensures the Islamic economy remains dynamic, the GIES 2018 welcomes an even larger audience of more than 3,000 attendees, who are hearing from a distinguished panel of industry champions and visionary leaders. Themed ‘A Shared Future’, the summit covers topics such as social impact entrepreneurship, responsible finance, skilling up for the fourth industrial revolution, and harnessing blockchain for the Islamic economy.

“The fourth edition of GIES comes at a pivotal time for Dubai and the global Islamic economy, which is entering its next phase of growth as it embraces the Fourth Industrial Revolution. Through this summit, Dubai aims to unify the global efforts to promote the Islamic economy and to create an environment in which everyone will work to develop an integrated Islamic economic model, in which the Islamic economy will be able to expand its product base and move towards new horizons,” Majid Saif Al Ghurair, Chairman of Dubai Chamber of Commerce and Industry, said.

Sultan bin Saeed Al Mansouri, Minister of Economy, highlighted the importance of the summit, and the Shariah based economy. President of Tatarstan, Rustam Minnikhanov, delivered a keynote speech highlighting the importance of Islamic economy for his country. Sheikh Hamdan also honored winners of the 6th edition of the Islamic Economy Award, which included 7 categories.

As the world’s largest and most comprehensive forum dedicated to all aspects of the Islamic economy, the Global Islamic Economy Summit (GIES) in Dubai has become an important platform for industry leaders and stakeholders to collaborate, share knowledge, and explore new areas of opportunity that are emerging within halal industries. With a high calibre of participants who include heads of state, ministers, policymakers and prominent CEOs, GIES 2018 is addressing important matters and trends that are having a major impact on the sector.

he Global Islamic Economy Summit (GIES) is the world’s largest and most comprehensive forum dedicated to the Islamic economy.

Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, the summit brings together influential policymakers and experts to address the greatest challenges and opportunities in the Islamic economy.

Organised by the Dubai Chamber of Commerce and Industry and Dubai Islamic Economy Development Centre (DIEDC), GIES is strategically supported by Thomson Reuters. The third edition of the event drew the participation of nearly 2,500 officials and business leaders from 74 countries, validating the ever-broadening appeal of the Islamic economy.

The event hosts the sixth Islamic Economy Award (IEA) ceremony to recognise extraordinary business initiatives and individuals that have contributed to the welfare of the Muslim population.

Source: Emirates News Agency