Media

  UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum launched a new initiative that aims to transform Dubai into a global center for Islamic Sukuk as the first of the series of initiatives expected to be launched with the aim of developing the Islamic economy sector in Dubai in accordance with his vision of transforming Dubai into a global capital for Islamic economy. Sheikh Mohammed stressed that the Islamic Economy sector in the UAE is founded on strong bases of laws and legislations that support this sector. These legislations have contributed to the existence of several financial establishments and institutions operating in accordance with this economy. He affirmed that transforming Dubai into the global capital of Islamic economy will have positive impact on the region in general and the UAE, in particular, stressing that the Islamic economic sector with its various tracks will help local economy to grow and bring prosperity to the various vital sectors as well as create new job opportunities.   The ceremony was attended by Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Deputy Ruler Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum and a number of ministers, senior officials, bankers and businessmen  and media people.