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Global Islamic Business Excellence Centre hosts workshops to introduce Award and criteria
Dubai, The Global Islamic Business Excellence Centre in the Department of Economic Development (DED) in Dubai, recently hosted a series of workshops to introduce its ‘Global Islamic Business Award’ to companies and professionals, and invite them to participate in the award programme.
Companies interested in applying for the inaugural Global Business Excellence Award was invited to a one-day workshop in which the Award methodology and its benefits, assessment criteria as well as application process were explained by Dr Naceur Jabnoun, leading author and adviser in business excellence.
The Global Islamic Business Excellence Centre was launched with the objective of expanding Islamic economic activities beyond Islamic finance and product certification. Given the objective of the Award, participating companies included not only Islamic financial institutions but also firms from the real estate, food, and other sectors.
“The Global Islamic Business Excellence Centre is a strategic initiative by the Department of Economic Development to accelerate the development of an Islamic business ecosystem in line with the emirate’s Islamic economy capital initiative. It’s therefore essential for the initiatives of the Centre to reflect the enterprise diversity in Dubai and their successful pursuit of excellence in their respective fields,” remarked Khalid Al Kassim, Assistant Director General for Economic Development.
“More than an acknowledgement of excellence, the Global Islamic Business Award is an initiative aimed to galvanise Dubai’s competitiveness into an enabler of business growth, capability development and sustainability. We will continue holding similar workshops for all the firms interested to learn more about the Award as well for those interested to apply for the 2016 cycle,” added Al Kassim.
Following the workshop for companies, a two-day workshop was held for two batches of assessors. The assessors play important role not only in terms of assessing corporate applicants according to the new Islamic business excellence methodology but also in terms of providing guidance to applicants on future quality improvements suggested by the model. A total of 42 assessors we trained and DED will continue to provide training and assessors certification under the Award programme.
Participants in the Global Islamic Business Award stand to benefit from the comprehensive prior assessment process on the level of integration of Islamic value-based standards, business excellence, and sound corporate governance principles. The Award is also intended to complement Dubai’s continuing efforts towards improved quality, productivity and competitiveness.
GIBEC also intends to provide advice on shari’a compliance and certification while also developing research capability to support awareness promotion and education on Islamic business practices. In addition, the Centre will train assessors and experts in Islamic business excellence, support the development of shari’a auditors and shari’a board members, and disseminate practical knowledge about Islamic economics and governance.
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About Department of Economic Development (DED):
The Department of Economic Development (DED) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth.
DED and its agencies develop economic plans and policies, identify and support the growth of strategic sectors, and provide services to domestic and international investors and businesses.
For further information, please contact:
Faisal Shamsudheen
Government Communication Division,
Department of Economic Development
Phone: +971 4 445 5927
Email: faisal.pathiasseri@dubaided.gov.ae
© Press Release 2016
