Thursday, January 10, 2013

Dubai to be the capital of Islamic finance

     Dubai will be made the capital of Islamic financial system. Vice president of UAE and the ruler of Dubai, Sheikh Muhammed bin Rashid al Makhtoom,  said in Dubai while he was declaring many new plans and services that complied with Islamic financial system. 
A special committee, lead by Dubai crown prince Sheikh Hamdan bin Muhammed bin Rashid al Makhtoom, also has  been formed in this regard.
     Islamic financial institutions, Islamic insurance, Islamic dispute solution forum, Islamic food industry and quality management system are the main projects under the new plan. 
     New plans are expected to create massive investment opportunities in Dubai in the present context that the Islamic financial system is widely approved and it is growing powerful all over the world. Open and liberal attitude of Dubai towards the industry and business will pave the new ways to boom the economy. Sheikh Muhammed added.


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