Dubai Could be next’s Islamic Economy’s Growth Leader

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The tourism capital of United Arab Emirates is prospected as the next leader of theDubai Could be next’s Islamic Economy’s Growth Leader Islamic economy’s development in the succeeding chapter of Sharia sectors, as well as it’s finance and insurance, food, style and travel.
This summary made by Thompson Reuters is the 1st State of the Global Islamic Economy Report set to release on the 2013 Global Islamic Economy Summit by Monday.
The report includes the point of stagnation of Malaysia which considered as the strongest hub of all around Islamic economic industry and Dubai having the solid potential as the foremost in the international Islamic economy. Other major cores considered are Saudi Arabia, Turkey, and Indonesia.
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, UAE Vice President, and Prime Minister and Ruler of Dubai,  stated that the continuous growth and changes in the international economy raise the need to continuously diversify the structure of the country’s economy. The solid principle of the United Arab Emirates is not to depend on just one economic sector or resource. The Islamic economy is nothing new, in fact, the country has accrued considerable expertise in this field and the objective is the international arena”, published on WAM.
The religious value-driven consumption, appealing demographics, Muslim majority comprising the fast emerging frontier nations, and increasing intra-OIC (Org. of Islamic Cooperation) trade are the key drivers that shape the transformation of the Sharia-based economy.
At a global focus, the participation of international multinationals in the Islamic economy, such as premier food and bank corporations, developed economies that seek growing markets, better global focus on international communication technology revolution and business ethics. Several major sectors of Islamic economy covers pharmaceutical/cosmetics, clothing, and media recreation.