Dubai Islamic Economy Development Centre

Published January 8th, 2018 - 12:38 GMT

The Dubai Islamic Economy Development Centre (DIEDC) was established in December 2013 under the supervision of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, to transform Dubai into the capital of Islamic economy.

In 2017, DIEDC launched its refreshed Islamic economy strategy (2017-2021) that focuses on identifying new key performance indicators (KPIs) for monitoring the growth of three core Islamic economy sectors – Islamic finance, halal products, and Islamic lifestyle encompassing culture, art, fashion and family tourism – in addition to measuring their contribution to the UAE’s national economy. Knowledge, standards and digital Islamic economy serve as cornerstones that support these key sectors in achieving the leadership’s Islamic economy vision.

As part of the new mandate, DIEDC is keen to develop strategic partnerships with local and international organisations to build a robust framework and comprehensive ecosystem of Islamic economy principles and regulations.

DIEDC seeks to empower young talent with the required skillsets to boost growth across the strategic Islamic economy sectors and contribute to achieving sustainable development for the wider global community.