Published: Sep 29, 2014
Source: Saudi Gazette

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Islamic financial assets outstrip conventional by 15-20 percent yearly

Dubai Islamic Economy Development Centre (DIEDC),  in partnership with Thomson Reuters, have announced that State of the Global Islamic Economy Report 2014 will be launched in December 2014. The report will present new insights into the development of the Islamic economy, particularly focusing on key players, geographic trends, and the challenges and opportunities in each segment of the Islamic economy.

The report will also highlight key local and global findings of the Global Islamic Economy Indicator (GIEI), a numeric measure representing the overall health and growth of the Islamic economy. An independent multi-dimensional barometer, the GIEI defines the development of the global Islamic economy beyond the growth of its assets, focusing on awareness, governance and social metrics.

Mohammed Abdullah Al Gergawi, Chairman of the DIEDC Board, said: “The UAE and more specifically Dubai’s Capital of Islamic economy model mandates us to assume a leadership role in developing knowledge and cultivating an understanding of the Islamic economy and the various forces driving its growth. The 2014 State of the Global Islamic Economy report provides fresh insight into the challenges and opportunities emerging within economic sectors that are critical to the long term prosperity of Muslim majority countries and the wider global economy.”

Essa Kazim, Secretary General of DIEDC, said: “The State of the Global Islamic Economy Report 2014 will be a guiding tool for all stakeholders and investors to further understand the huge economic potential, as well as the challenges of building an Islamic economy hub. The findings of the 2014 report will define a new wave of opportunities for commerce within the Islamic economy.”

The State of the Global Islamic Economy Report 2014 is expected to reinforce the growth opportunities in the Islamic economy. 

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