The Dubai Islamic Economy Development Centre seeks to introduce the Halal industry and Islamic finance to new markets as well as leveraging on the Indonesian entities’ expertise to raise the profile of the Islamic economy.

The Dubai Islamic Economy Development Centre (DIEDC) signed two MoUs with the Indonesia Halal Lifestyle Centre (IHLC) and the National Islamic Finance Committee (KNKS), appointing the Shari’ah compliant entities as strategic partners in promoting the Islamic economy worldwide.

The agreements provide a framework for collaboration between DIEDC and the two Indonesian organisations with a focus on knowledge sharing, joint exhibitions as well as exchange visits and workshops.

Afdhal Aliasar, Indonesia’s Director of Islamic Economy and Halal Industry Development National Islamic Finance Committee, said, “We want to ensure that industrialisation and internationalisation of Indonesia’s Halal products can be achieved, especially for Halal products manufactured by SMEs.

DIEDC stated that significant increases in population, digital connectivity and ethical consumerism have contributed to a 5.3 per cent year-on-year growth of the global Islamic economy—a $2.2 trillion industry that serves 1.8 billion Muslims worldwide.

The agreements seek to strengthen the ability of the three entities to capitalise on the rising demand and engage with potential stakeholders in key markets.

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