In line with the across the country celebrations of UAE-China Week, and in honor of the Chinese President Xi Jinping's see to the UAE, Hamdan Bin Mohammed Smart University (HBMSU) has reaffirmed its dedication to developing bridges of knowledge, social, and economic exchange with China by organizing the China-UAE Conference on Islamic Banking and Finance (CUCIBF III) for the 3rd consecutive year, on November 7-8, 2018 in China. The two-day event, which is being organized under the theme, The potential for participative economy and financial system: growth, development, integration, and cooperation, will form part of the efforts aimed at driving financial growth and detailed development through the Islamic economy according to the campaign launched by His Highness Sheikh Mohammed Bin Rashid Al-Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to develop Dubai as the Funding of Islamic economy and on behalf of the One Belt, One Road campaign. The event is being organized by the UAE Ministry of Economic situation, HBMSU's Dubai Center for Islamic Banking and Finance, Dubai Islamic Economy Development Facility, China Islamic Money Club, ZhiShang Inter-culture Communication, and Thomson Reuters as a knowledge.

The China-UAE Conference on Islamic Banking and Finance is strategically important as the initial such event to settle the efforts of the UAE and China to support the global Islamic economy, which is expected to expand 8 per cent each year to USD 3 trillion by 2021. The seminar will check out new horizons to support the efforts to further boost monetary and economic assimilation and to enhance historic financial ties in between the Silk Roadway markets, personifying the objectives of "one belt, one way", with a concentrate on driving financial investment in Islamic fields that use encouraging opportunities for the UAE-China economic rapprochement.

Dr. Mansour Al Awar, Chancellor of HBMSU, said: "The recurring UAE-China Week celebrations celebrate the UAE's strong social and financial ties with China, while advertising and maintaining the vital worths shared by the two nations. Building on the success of the last two versions of the China-UAE Meeting on Islamic Banking and Finance and inspired by the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to change Dubai into a global resources for the Islamic economic situation, under the supervision of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Crown Royal Prince of Dubai and President of HBMSU, the Third Meeting will help with exchange of ideas and advancement of efficient methods to leverage the advantages of Islamic money, in accordance with the 'One Belt, One Road' effort. The event will feature a high-level global involvement targeted at driving stability and success within the structure of productive partnerships and promotion of harmonies between the public and private sectors.

Al Awar concluded: "The organization of the occasion comes at an extremely calculated time, speeding up the global fad towards the advancement of the typical economic system using Islamic finance methods, and accompanying the historic see of the Chinese President to the UAE, which notes the beginning of a new era of prominent historical relationships in between both countries. The meeting, which is taken into consideration the initial campaign of its kind in the UAE, is intended to promoting collective efforts to get to the common objectives of promoting and increasing the growth of the Islamic banking and finance field in the UAE and China. "

Being the first UAE university to organize the China-UAE Seminar on Banking and Islamic Financing, HBMSU has actually now hosted the occasion for the third successive year with vast regional and international involvement. HBMSU remains to develop its leading duty in supporting Dubai as the global funding of the Islamic economy. The event is the result of constructive teamwork in between the University and the Ministry of Economy of the UAE, the Dubai Islamic Banking and Money Center, and the Dubai Islamic Economic Development Facility, in cooperation with the China Islamic Financing Club and ZhiShang Intercultural Communication, with the involvement of Thomson Reuters as a knowledge partner.

By bringing together economists, bankers, choice and policy manufacturers, capitalists and stakeholders of the Islamic economy, the event is anticipated to supply a critical worldwide platform to check out ways to enhance the financial and economic combination and enhance the historical economic ties between the European and Eastern markets linked by the Silk Roadway, according to the purposes of the 'One Belt, One Road' approach. The Conference will showcase in-depth discussions targeted at motivating constructive discussion, focusing on the emerging challenges and prospects for boosting the duty of Islamic financing in attaining the goals of the enthusiastic Chinese initiative. Dubai's knowledge in creating the Islamic economic climate right into a detailed system and a key driver for worldwide growth will certainly likewise be under the spotlight.

As a continuation of its success in sustaining the Islamic economy, the Dubai Islamic Banking and Finance Center, which belongs to HBMSU, recently hosted a delegation of MBA trainees at the University of China's Xinjiang University of Money and Economics. The very first such visit for the UAE's university checked out chances for participation in scholastic fields and Islamic financial research study between Dubai and China. The relocation underscores the high level of confidence that the countries of the world place in the Emirate of Dubai and the UAE as a global version for leading the Islamic economy.

The continuing success of the Meeting underscores the active function played by Dubai and the UAE in accelerating regional and international advancement, while contributing considerably to the revitalization of the Silk Roadway connecting Asia and Europe, in accordance with the ambitious Chinese 'One Belt, One Road' effort. As China expands its financial impact in the Middle East, Islamic money continuouslies gain more prominence in China, unlocking for Chinese business to take advantage of Islamic Finance capital markets.