In Dubai held the World Islamic Economy Summit

The World Islamic Economy Summit gathers together the largest political and economic leaders of Muslims from around the world. It is organized by Chamber of Commerce of Dubai in partnership with an international company Thomson Reuters.

Today in the Madinat Jumeirah in United Arab Emirates continues the Global Islamic Economy Summit. The Summit is held under the patronage of the Prime Minister of the UAE, Sheikh Mohammed bin Rashid Al Maktoum as part of its strategy to transform Dubai into the world capital of Islamic economics.

The forum was attended by over two thousand representatives of governments, including the Ministries of Economic Development and central banks, industrial, banking, financial and other business sectors, leading experts of public and private companies, heads of major national, regional and multinational companies. Republic of Tatarstan for Global Islamic Economy Summit 2013 is presented by Tatarstan Investment Development Agency Chief Executive Linar Yakupov.

On the Global Islamic Economy Summit 2013 are discussing the role of Islamic economics in the world market, Islamic banking, its development and the problems of trade and business cooperation between Muslim countries and non-Muslim communities. During the summit is scheduled a meetings with the ministers of several countries under the chairmanship of the UAE Minister of Economy Sultan Saed Al Mansouri.

At the summit discussed halal industry development trends, the pharmaceutical and cosmetic industries, tourism, lifestyle, food, practical steps in the field of Islamic finance. Partner of the Global Islamic Economy Summit 2013 - an international company Thomson Reuters has introduced several studies in the field of Islamic economics and finance. In May 2013 Thomson Reuters in collaboration with ICD (Islamic Corporation for Private Sector Development) and IDB (Islamic Development Bank division) has released a new index of Islamic finance. Official index launching ceremony was held on the Global Islamic Economy Summit 2013.

Index measures the five main components of development: social responsibility, awareness, changes, learning and development. As Thomson Reuters experts says, there was not any indicator characterizing the general state of the Islamic finance industry.
Thomson Reuters also acted as the project developer of the five-year strategic plan for the development of Islamic finance in Russia and Tatarstan, the final version of which was presented at the V International Economic Summit in Russia and OIC countries (KazanSummit 2013).

  Tatarstan Investment Development Agency Press Service