Dubai cements position as top Islamic economy hub.

Dubai is ideally positioned to be a leading player in the Islamic economy with its well-established and flourishing trade, tourism, transport, logistics and financial sectors. As a vibrant trade hub connecting cultures and commodities in the East and West, the emirate is well-positioned to reap the benefits of growing halal sectors.

"We are at the fulcrum of trade and investment flows between some of the fastest growing economies in the world - in South Asia, Africa and the Middle East. The UAE's initiatives to create an open economy and an environment for businesses to flourish make it a natural centre for Islamic manufacturing, services, trade and investments," says Khamis Buharoon, Acting CEO and Vice Chairman of ADIB.

The global Islamic economy has grown to a $2 trillion market traditionally driven by Islamic finance, but now fast encompassing other key pillars such as halal food, travel, tourism, entertainment, art and culture, and fashion. The robust growth witnessed by the sector stems from various factors including a fast-growing consumer base and the focused, deliberate and strong regulatory support in key markets such as Malaysia, Bahrain, the UAE and Saudi Arabia.

"The Islamic Economy has a critical role to play on the progression of sustainable initiatives through a focus on inclusiveness and financial independence," notes Dr. Adnan Chilwan, Group CEO, Dubai Islamic Bank.

Since Dubai...