Kuwait Finance House Chairman Mohamed Ali AL-Khudairi praised his highness Sheikh Mohammed Bin Rashid AL Maktoum, UAE Vice President and Prime Minister’s initiative of adding the Islamic economy sector to the major sectors that form the economy of the Emirate of Dubai which bolsters its economy and constitutes a qualitative addition for its integrated economic map and to make it strongly qualified to be crowned as the capital of Islamic economy worldwide.
During a meeting with the Assistant Undersecretary Juma’a Mohammed Al-kait in the UAE Ministry of Foreign Trade, Al-kudairi explained that the UAE economy has become a demand to capitals and investment companies worldwide especially that UAE depends on the non-oil economy by 70 percent of the local production of the state.
Moreover, Al-khudairi noted that UAE concern about Islamic economy will be positively reflected on the basic products and services of the Islamic banking including Islamic financing like Sukuk , Takaful insurance , and the international arbitration in the Islamic contracts. He also mentioned the UAE deep experience in the field of Islamic economy since it launched the first Islamic bank “The Islamic Bank of Dubai” not to mention the pivotal role in recruiting the most distinctive and qualified employees.
Meanwhile, the Assistant Undersecretary Juma’a Mohammed Al-kait raised the role of the State in attracting foreign investors and supervising the foreign representative offices, in addition to setting the annual forum that host thousands of businessmen, ministers, presidents and high placed people.
He concluded that UAE will keep going forward in investing and establishing new projects and breathtaking events and exhibitions like creating a branch of the famous French Louvere museum in UAE in 2015.