The Dubai Center for Islamic Banking and Finance in Hamdan Bin Mohammed Smart University (HBMSU) and the Dubai Islamic Economic climate Development Centre has successfully concluded the 2nd China-UAE Seminar on Islamic Banking and Financing. The two-day occasion held in Shenzhen, China developed part of efforts to own financial development and thorough advancement via the Islamic economy, in accordance with the purposes of the One Belt, One Road campaign. It was organized together with China Islamic Money Club, ZhiShang Intercultural Communication, and Knowledge Partner Thomson Reuters.

This year's main conference theme of 'Islamic Finance: Paving the Way for the Belt and Road Campaign' offered a tactical international platform for discovering means to improve monetary and economic integration and reinforce the historical financial connections in between the European and Asian markets connected by the Silk Roadway, in line with the objectives of the 'One Belt ... One Road' strategy. The event consisted of thorough discussions on advertising constructive discussion among economic experts, lenders, choice and plan manufacturers, capitalists and stakeholders of the Islamic economic climate. Talks focused on reviewing aemerging challenges and leads for improving the function of Islamic financing in achieving the objectives of the ambitious Chinese initiative. The leading experience of Dubai in creating the Islamic economy into a detailed system and a key motorist for international advancement was tackled as well.

Dr. Mansour Al Awar, Chancellor of HBMSU, noted that the that the 2nd China-UAE Seminar on Islamic Banking and Finance enhances the successful participation in between the UAE and China by discovering new leads for harnessing Islamic finance to own financial advancement, in light of the expanding duty of the Islamic economic situation - approximated to be presently worth USD 2.3 trillion - as a primary vehicle driver for the growth of the global economic system.

He said: The conference is inspired by the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to transform Dubai into a global capital for the Islamic economy, under the supervision of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Crown Prince of Dubai and President of HBMSU, who is leading the advancement of the industry in line with the requirements of this period and the emerging post-oil economy.

Teacher Nabil Baydoun, Vice Chancellor for University Advancement, HBMSU, said: "The forum was arranged in accordance with recurring efforts to share Dubai's introducing experiences at the global Islamic financing map. We highlighted the active role of Dubai and the UAE in speeding up regional and worldwide advancement while focusing on their outstanding contributions to the revitalization of the Silk Road attaching Asia and Europe, in accordance with the enthusiastic Chinese 'One Belt, One Road' campaign. By bring in comprehensive high-level international participation, the occasion provided a suitable opportunity to develop positive concepts and exchange efficient strategies for taking full advantage of the benefits of Islamic financing by implementing the 'Belt and Road' campaign to own global growth, stability and success within the framework of worthwhile collaborations in between the public and private sectors.

Commenting about the importance of the conference, Abdulla Mohammed Al Awar, CEO of the Dubai Islamic Economy Development Centre said: "The second edition of this conference emphasized the self-confidence of government, the general public and economic sectors, and the world in the capacity of the Islamic economic situation to contribute to the success of large international projects such as the 'One Belt, One Road' initiative. The occasion provided a great opportunity for Islamic banks and financial entrepreneurs participated in numerous fields to showcase their presence in major tasks with the potential to improve the global economy."

"In addition to finance, the Islamic economic climate will certainly add to the success of the 'One Belt, One Road' agenda through the implementation of requirements and laws which are currently global requirements for making certain sustainability, decreasing danger, and realizing the social dimension of equitable and extensive advancement. The principles of production and its associated areas and sustainability on which the Islamic economic situation is based, have ended up being vital to reasoning and optimizing the intake of sources to make certain a healthy global atmosphere," he included.

"Dubai will certainly play an pivotal role in the 'One Belt, One Roadway' initiative provided its success in enhancing its position as a social and legal recommendation and a global incubator for the world's largest and crucial standard and Islamic companies and institutions," he concluded.

The Second UAE-China Meeting on Islamic Banking and Financing was proactively participated in by notable main representatives that consisted of Chen Rugui, Mayor of Shenzhen, and H.E. Abdulla Bin Ahmed Al Saleh, the UAE Ministry of Economy's Undersecretary for Foreign Trade and Industry. The schedule comprised a series of panel conversations regulated by key worldwide numbers such as Prof. Baydoun; Mr. Gao Lin, Vice Director, Shenzhen Municipal Commission of Economy, Trade and Information Technology, and Dr. Adnan Chilwan, CEO of Dubai Islamic Bank.

Various other main speakers were Ms. He Qiaonu, Chairwoman of the Board, Beijing Asian Landscape Atmosphere Limited by Share Ltd; Prof. Cao Wenlian, Director General of the Chinese International Collaboration Facility's National Growth and Reform Commission; Mr. Li Jinghe, Executive Dean of the Shenzhen Belt and Roadway Method, Institute for Economic climate and Trade; Dr. Hamed Merah, Assistant General of the Audit and Auditing Company for Islamic Financial Institutions (AAOIFI); and Dr. Sun Jie, a Scientist for the Chinese Ministry of Finance's Financial Scientific research Institute.

Likewise existing were Mr. Redha Al Ansari, Research study Team Leader for Capital Markets and Market Knowledge at Thomson Reuters;Mr. Khalid F. Howladar, Managing Director of Accreditus Dubai; Mr. Zhang Ji, Deputy Director of the Foreign Affairs Office of the General Office of the State Council.; Alberto Germani, Managing Partner of PMF Project Management and Finance; Farah Al Zarouni, Advisor at the International Halal Accreditation Forum (IHAF); Sanjeev Dutta, Executive Director for Commodities at the Dubai Multi Commodities Centre (DMCC); and Sofia Azmi, Chief Executive Officer of Edbiz Consulting Limited.

The seminar agenda covered major problems affecting the Islamic financing industry. It highlighted the chances available for public and private entities to develop solid collaborations for owning the Islamic economic climate's growth. The current and future function of the Islamic money market of the UAE and the Arab World as a whole in attaining the objectives of the 'One Belt, One Roadway' initiative was talked about too.