Jan 27 2013
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Dubai introduces Islamic categorisation for company registration
Sunday, Jan 27, 2013
The Department of Economic Development in Dubai (DED) is developing the Islamic-compliant standard to classify or categorise the registered businesses in Dubai, Mohammad Al Shael, CEO of Business Registration & Licensing Sector at DED, told Gulf News.
“The department is developing an official standard for Islamic-complaint companies as part of the required infrastructure to make Dubai the world’s Islamic-complaint economic capital.”
Earlier this month, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, launched a new initiative that would make Dubai a global capital for the Islamic economy.
Al Shael said: “Currently, we benchmark with countries such as South Africa, Malaysia and Brazil who have NGOs based on Sharia-complaint economy to develop an official standard for Islamic business activities in Dubai.”
“This legal framework will enhance trust in Dubai Islamic products,” he added
By Zaher Bitar Senior Reporter
Gulf News 2013. All rights reserved.
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