| Dubai has set ambitious plans in motion to become the “global capital” of Islamic economy. The extensive initiative includes proposals to create an Islamic finance council to regulate Shariah-compliant equity - and integrate Islamic economy as part of the overall Dubai economy.
According to the UAE’s official news agency WAM, the Islamic economy - which totals a growing population of 1.6 billion Muslims worldwide - is now $2.3 trillion. "Our cosmopolitan outlook to doing business continues to be our economy’s driving force,” Vice President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum said..............................................Full Article: Source
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