On 8 February, Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum attended part of a workshop organised by the higher committee for the development of the Islamic economy sector to follow up progress on action plans and proposed initiatives.
Official UAE news agency WAM reported Sheikh Mohammed emphasised the importance of the Islamic economy sector and the role it plays in the economic diversification. "We have a clear vision for this vital sector and we want it to contribute significantly to our national economy and to help bolster our position as the world's capital for Islamic economy," Sheikh Mohammed said.
Sheikh Mohammed further indicated that the UAE has what it takes to become a hub for the Islamic economy which caters for about quarter of the world's population. "We have the infrastructure, the strategic location at the heart of the Islamic world and importantly, a vast knowledge and experience in Islamic economy, Islamic banking, Islamic Sukuk and insurance, and we have, above all, the resolve and ambition to achieve our goals."
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