Jan 09 2013

Lubna lauds Sheikh Mohammed's Islamic economy vision as ''promising''

Abu Dhabi, 9 Jan. 2013 (WAM) -- Sheikha Lubna bint Khalid Al Qasimi, Minister of Foreign Trade, today praised the announcement of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum for integrating Islamic economy as a key sector of Dubai economy as a 'promising step forward'' to boost assets and gains made by Dubai over the recent years.

Sheikha Lubna the move would build on Dubai's success based on a well-planned and careful vision to push economic diversification drive forward and create new sectors that support the accelerating pace of developmental, economic and social progress.

The UAE with its successful economic diversification policies, the minister affirmed, had become a world premier investment melting pot buoyed by a vibrant diversified base for Islamic economy and other Shariah-compliant activities like Sukuk.

Moreover, she added the UAE serves as a global hub for Islamic banking with increasing number of banks playing major roles in funding and developing projects in the region and beyond.

''Sheikh Mohammed's initiative carries the inclusive perspective for contemporary development and economic growth both Dubai and the UAE are currently witnessing,'' Sheikh Lubna added, calling on investors wishing to establish projects and strike deals in consistence with Shariah principles to take advantage of support and sponsorship provided by the wise leadership in the framework of its quest to leverage the Islamic economy as tributary of UAE national economy.

Sheikha Lubna noted that her ministry delegations had been approached during foreign tours by investors who wanted to launch Shariah-compliant investment in the UAE in general and Dubai in particular given the diverse options and instruments on offer.

© Copyright Emirates News Agency (WAM) 2013.

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