Islamic Economy Award 2016 deadline passes

The opportunity to apply for the 2016 Islamic Economy Award ended Thursday.

An initiative of the Dubai Islamic Economy Development Centre (DIEDC) and organized in cooperation with the Dubai Chamber of Commerce and Industry, the award recognizes innovative world-class business ideas that aid in the social and economic welfare of the Muslim population.

“The application deadline for the Islamic Economy Award (had) been extended to give a chance for the largest number of qualified candidates who have made their mark on the Islamic economy – and played their part in pushing it forward – to come forward, share their success stories, and inspire countless others," Dubai Chamber Chairman and DIEDC Board Member Majid Saif Al Ghurair said.

Among the award categories are finance, health, SME development, media and tourism.

"The Islamic economy continues to grow and attract the rising interest of financial institutions and investors from around the world who are keen on developing an ecosystem that facilitates the advancement of its various sectors," DIEDC CEO Abdulla Mohammed Al Awar said. "The role of the Islamic Economy Award becomes even more significant in highlighting the innovations and outstanding initiatives that have made a fundamental difference in driving this growth."

Winners of the 2016 Islamic Economy Award will be revealed at the Global Islamic Economy Summit in October.