Home / Business / Dubai Islamic Economy Development Centre expanding in Malta

Dubai Islamic Economy Development Centre expanding in Malta

A roundtable in Malta has provided Dubai Islamic Economy Development Centre, DIEDC, an opportunity to expanding the footprint of Islamic economy in Europe, as well as exchanging knowledge and expertise in the Islamic finance field, and enhancing bilateral relations.

The participants also discussed Malta’s potential to become a key Islamic finance hub in Europe, considering the presence of substantial Muslim communities in Central European countries, such as Italy, France, and Germany. The event was organised in collaboration with the Malta Islamic Finance Association, MIFA.

The Maltese government has expressed significant interest in Islamic finance due to its strategic geographical location in the Mediterranean region, between Europe and North Africa, as well as its longstanding ties with the Arab and Muslim worlds.

Commending MIFA’s efforts in introducing Islamic finance in Malta, Saeed Mubarak Kharbash Al Marri, Deputy CEO of Strategy and Planning at DIEDC, noted that the roundtable provided a platform to share Dubai’s success in boosting Islamic economy’s contribution to the Dubai GDP.

Through the roundtable, Dubai’s Islamic Centre also assured Maltese participants of its full support and cooperation as well as the support of other Dubai-based stakeholders, such as Emirates NBD, Nasdaq Dubai, S&P Global, and leading sharia scholars and lawyers.

“Through this visit, we aimed to explore the capital market in Malta and closely study the country’s economic system and climate to gain a thorough understanding of the opportunities that exist. We also seek to promote the digital Islamic economy pillar of the DIEDC 2017-2021 Strategy,” Al Marri added.

For his part, Rueben Buttigieg, President of MIFA, thanked the centre for sharing its experience and best practices in the Islamic economy. He also highlighted the noteworthy endeavours of various entities in Malta that have been ongoing since 2010 to introduce Islamic finance to the island nation.

The meeting was attended by officials from both sides.

Source: WAM

Check Also

Iran weapons meant for Houthis interdicted by US

The US seized two large caches of Iranian arms, including 171 surface-to-air missiles and eight …

One comment

  1. Angel NicGillicuddy

    Declaring money to carry Demurrage will help you to follow your religious belief system of no usury.
    It will also unfund The Dark Forces causing so much chaos and forcing The Cycles upon us in a very sneaky way.
    Join The US to end The Cycles by declaring Demurrage on money so that it will always flow smoothly and continuously. Like good Qi Gong,
    On a global level.
    Angel NicGillicuddy ?

Leave a Reply

Your email address will not be published. Required fields are marked *