Theme: Islamic Finance - Paving the Way for Belt and Road initiative
10-11 September 2017
The “Belt and Road” initiative, has become central to China’s evolving role in the global economy. As China expands its economic influence in the Middle East, Islamic finance will gain more prominence in China opening the door for Chinese companies to tap on Islamic Finance capital markets. The contribution of the Islamic economy to the world economy has experienced a remarkable growth during the past three decades.
The Islamic economy size is reaching $2.3 trillion and a growing community of 1.6 billion Muslims. In particular, Islamic finance has been gaining momentum on a gloal scale, and has been offering profitable opportunities for institutions and individual investors of all sizes. Islamic Finance now represents an important system offering viable innovative alternative models for investment and growth to the conventional financial system, which is under significant strain owing to the recent financial crisis.
The current size of global Islamic finance industry assets is estimated at US$2.293 trillion at the end of 2016 growing from US2.143 trillion in the end of the previous year and from US$639 Million almost ten years ago in 2007 and is expected to reach US$ 4 trillion by 2020. Islamic finance services are now being offered by more than 1000 institutions in 75 countries in different regions including Europe, Americas, South Asia, Far East, Africa and Australia. The challenge for the Islamic finance industry remains, however, to achieve the required level of support from governments.
With Islamic Banking and Finance playing a growing significance in today’s global business environment, the initiative of Dubai to become the “global capital” of the Islamic economy, and the One Belt, One Road initiative, comes The 2nd China-UAE Conference on Islamic Banking and Finance to provide a platform for dialogue and discussions between policymakers, experts and practitioners.
The Conference addresses the Islamic Finance perspectives, challenges and its ability to create a sustainable impact as it contributes to the “One Belt, One Road” initiative.
The Conference is organized by Hamdan Bin Mohammed Smart University Dubai Center for Islamic Banking and Finance, Dubai Islamic Economy Development Center, Shenzhen Institute for Belt & Road Economic and Trade Strategy, China Islamic Finance Club and ZhiShang Inter-culture Communication, in alignment with the initiative of His Highness Sheikh Mohammed Bin Rashid Al-Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to establish Dubai as the Capital of Islamic Economy and in support the "Belt and Road" Initiative.