DIEDC, KNKS and IHLC MoUs/Supplied
by Kudakwashe MuzoriwaThe Dubai Islamic Economy Development Centre (DIEDC) signed two MoUs with the Indonesia Halal Lifestyle Centre (IHLC) and the National Islamic Finance Committee (KNKS), appointing the Shari’ah compliant entities as strategic partners in promoting the Islamic economy worldwide.
The agreements provide a framework for collaboration between DIEDC and the two Indonesian organisations with a focus on knowledge sharing, joint exhibitions as well as exchange visits and workshops.
Afdhal Aliasar, Indonesia’s Director of Islamic Economy and Halal Industry Development National Islamic Finance Committee, said, “We want to ensure that industrialisation and internationalisation of Indonesia’s Halal products can be achieved, especially for Halal products manufactured by SMEs.
DIEDC stated that significant increases in population, digital connectivity and ethical consumerism have contributed to a 5.3 per cent year-on-year growth of the global Islamic economy—a $2.2 trillion industry that serves 1.8 billion Muslims worldwide.
The agreements seek to strengthen the ability of the three entities to capitalise on the rising demand and engage with potential stakeholders in key markets.
MOST READ
BUSINESS
SABB seeks to boost corporate lendingBUSINESS
HSBC considering exiting from TurkeyBUSINESS
Zimbabwe turns to UAE to sell a stake in...BUSINESS
ADIA plans to sell a $2 billion stake in...BUSINESS
Amanat considers stake in VPS HealthcareBUSINESS
ECI, HSBC partner to support UAE businessesBUSINESS
National Bank of Oman to exit from EgyptBUSINESS
Salt Bae backers seek a partner and a $1...BUSINESS
Oman plans to launch new regional airline
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
