Dubai Chamber sets up unit for research on Islamic economy

Dubai Chamber of Commerce and Industry on Wednesday launched a specialised unit to support research and studies on Islamic economy.

This was announced during the second day of 10th World Islamic Economic Forum (WIEF) in Dubai.

Hamad Buamim, President and CEO of Dubai Chamber, said the forum participants have also suggested establishing a GCC unified authority for standardising Shariah-compliant products and services.

Buamim said the new unit will utilise digital application and platforms and use smart solutions to support the local business community to integrate itself within the Islamic economy system. It will enable a larger group of businesses to benefit from the Islamic economy culture and help transfer knowledge between partners at the local, regional and international levels.

Buamim said Dubai Chamber supported the idea of embracing the innovation culture to bring new ideas and solutions with the Islamic economy sector to ensure sustainable development of this sector internationally.

He said the forum turnout to be more successful than expected with participation of over 3,300 delegates from 104 countries.

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