ICIE 2015 - International Conference in Islamic Economy (ICIE) 2015

The term Islamic economy has taken on new significance ever since his highness sheikh Mohammed bin Rashid al Maktoum, the vice president and prime minister of the United Arab Emirates and ruler of Dubai, announced the initiative to transform Dubai to become the capital of the Islamic economy. This raises the question in many people’s minds as to what exactly the Islamic economy refers to. Does it refer to the economies of the 57 member states of the organization of Islamic cooperation, the OIC? Does it refer to those markets that are defined by shariah compliance, such as finance and food? Does it refer to the general consumer markets of the Muslims all over the world? in reality, it is all of the above, and there are various ways to perceive and define it. However, one thing is certain: the Islamic economy is not just another name for Islamic finance. From a commercial perspective, the Islamic economy naturally encompasses all those sectors driven by the Muslim population’s adherence to some form of faith-based activity that has market impact.
Finance and banking, including sukuk issuance, takaful and other financial activities
Food, ranging from meat & poultry all the way to non-meat foods and down to micro-ingredients, flavourings and colourings
Family-friendly travel
Fashion and clothing
Cosmetics and personal care
Pharmaceuticals
Media and recreation
The Islamic economy in its totality currently represents all of these sectors and more.
Considering that the Islamic Finance is the fastest growing market in ethical finance with an annual average growth of between 10 and 20 percent. Current global Islamic finance assets stand at $800 billion and are expected to rise to $4 trillion by 2015. The credit crunch has provided Islamic finance with a unique opportunity to assert its values of ethic-based financing, which could help shape the global financial industry as a whole.
Still, more serious work is needed to enhance the theoretical and applied studies in Islamic economics, banking and economic cooperation among Muslim countries and worldwide.
The ICIE 2015 aims at enhancing both theoretical and applied studies through organizing joint point in Abu Dhabi for worldwide thinkers, academics, and expertise in the field of the Islamic Economy.
The ICIE 2015 objectives
The ICIE 2015 vision is to be an internationally top-ranked, research-driven, independent management conference that grooms future theoretical and applied contributions for Islamic economy in Abu Dhabi, the UAE and elsewhere.
The key objectives for the International Conference Islamic Economy 2015 are:
To lead a meaningful dialogue that leads to actionable next steps between:
Islamic Financing and the Halal sectors (food, travel, hospitality, logistics, pharmaceutical and others)
Business sectors, governments and policy makers
To facilitate discussions on capital raising preferences, opportunities and challenge from Islamic markets
To showcase and promote Islamic investment opportunities and challenges in emerging Islamic Finance centers
To provide information and insights that lead to a better understanding of the global Muslim consumer base and address key challenges for targeting them
To identify and address key challenges affecting the growth of each of the Islamic economy sectors, from standardization to capacity development
To act as the innovation platform for the Islamic economy