The Dubai Airport Freezone Authority (DAFZA) and the International Center for Islamic Economy (ICIE) have actually announced the launch of the Innovation Ideas competition for the Islamic economic situation field, according to DAFZA's initiatives in promoting Dubai as a prominent city and a global facility for Islamic financial activities. The competitors was launched during the Business owners Forum held yesterday (Wednesday 7th February 2018) at Le Meridien Hotel in Dubai.

The Entrepreneurs Forum, which is gold sponsored by "National Bonds", attracted investors, economic institutions, financial institutions, governmental entities, and trade and advancement centres, and aimed to move knowledge and knowledge as well as present the current business practices and advertising of business tasks according to the Islamic economy firm.

At the end of the forum, three winners got an award for offering the most innovative concepts designed to support the Islamic economic situation, which allowed the participants to introduce creative jobs or products in numerous markets of Islamic law and economy such as Zakat, donations, money, investment, monetary markets, Halal activities, among others. The 'Innovative Ideas' competitors belongs to DAFZA's vision to encourage doing business while advertising entrepreneurship and an innovation society. It likewise urges business owners and sustain the victors in participating in the Islamic economy.

Sultan Al Howymel, Chief Executive Officer of International Center of Islamic Economic climate, stated: "Through this forum, the facility employs competitors and creativity as a technique to boost innovation amongst entrepreneurs. By encouraging innovative ideas, we seek to change them into practical jobs within the Islamic economic situation, which has a substantial local and regional markets. The forum is available in line with the Facility's objectives to provide a platform that pushes research and development, and ideal practices in the Islamic economic climate."

Amna Lootah, Assistant Director General - Finance, Commercial & Client relationships Department Foster of DAFZA Innovation & Future Unit, stated: "DAFZA released the Entrepreneurs Forum in accordance with its strategy to support the Islamic economy through innovation, placing the significance of creating new products, innovative tasks and creative concepts according to the global Islamic regulations. The 'Innovative Ideas' competition becomes part of the three efforts introduced by DAFZA in partnership with the International Center of Islamic Economic situation to foster innovation among entrepreneurs and enrich the different Islamic markets."

The International Center of Islamic Economic climate has been released as a pioneering centre in Islamic economic climate to promote global efforts and applications in accordance with the 'Dubai the Capital of Islamic Economiy' campaign. The Center was created with a solid financial foundation targeted at adding in developing a much better future for global economic situations and markets. The Facility creates financial product or services, including making and creating specialized training programs, following worldwide standards. It additionally qualifies professionals in economic organizations.