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Sharjah: The Sharjah Econ-omic Development Department will organise a forum on 'Islamic Economy and future aspirations' in a move to spread awareness of Arab and Islamic economies and their growth potential.
"The department has shouldered the responsibility of raising awareness of Islamic economy culture among investors and audience, alike, in a bid to boost Sharia-compliant investments, said Ali Bin Salem Al Mahmoud, general manager of Sharjah Economic Development Department.
"The growth of this type of investment will significantly contribute to UAE's sustainable growth as it will open new vistas for development. The Islamic economy is flexible and is in compliance with our beliefs. Adopting the Sharia rules will protect our investments from any prohibited action and practice," he said.
Discussion topics
Al Mahmoud said the forum will host a group of economists to highlight a number of topics related to Islamic economy, its role in sustainable growth and its potential.
The forum will define and discuss in depth the core concepts of Islamic economy and the needs for this model of economy as well as the relationship between the Islamic economy and the Islamic banks.
Other topics to be highlighted include the definition and models of growth, the role of human resource in Islamic economy and its growth programmes.
The forum will discuss the role played by Islamic finance in growth process, the relations between Islamic economy and inflation, revenue distribution, cost of production and the ability for local and international competitiveness.
The forum will highlight the small enterprises and present the Islamic finance model for these projects.
It will be held at Radisson SAS Hotel in Sharjah on May 28.
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