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The Dubai Islamic Economy Development Center (DIEDC)
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The Dubai Islamic Economy Development Centre (DIEDC) was established in December 2013 under the supervision of Sheikh Hamdan Mohammed Rashid Al Maktoum, the crown prince of Dubai and chairman of the Dubai Executive Council, to transform Dubai into the capital of the Islamic economy.
The Dubai: Capital of Islamic Economy Strategy (the Strategy) was launched in early 2013 under the directive of Sheikh Mohammed Rashid Al Maktoum, the vice-president and prime minister of the UAE and the ruler of Dubai. Establishing the Islamic economy as a key pillar of Dubai’s strategic growth, the Strategy continues to contribute to diversifying the robust UAE economy through developing the vibrant sector that is rapidly transforming Dubai into the global capital of the Islamic economy.

Sheikh Mohammed Rashid entrusted Sheikh Hamdan with managing the implementation of the initiatives and overseeing the development of the Islamic economy strategy.

In 2013, under the directives of Sheikh Hamdan who is also the general supervisor of the Strategy, the DIEDC launched the Strategy that focuses on long-term impact. The main objective of the Strategy is to drive the growth of the Islamic economy sectors on a local, regional and global scale, and to set a benchmark for the Islamic economic system worldwide.

At the heart of the Strategy are three economic pillars — Islamic finance, Halal industry and Islamic lifestyle encompassing Islamic art and culture, modest fashion and family-friendly tourism — and three enabling pillars — knowledge, standards and the digital Islamic economy. The economic and enabling pillars interconnect and work together to realize the vision of the UAE leadership for the Islamic economy through shaping a conducive environment for sustainable investments and real development.

About Us

REDmoney Events designs, organizes and hosts industry-leading conferences, forums, roadshows and seminars focusing on the Islamic financial markets across a global, regional and national level.

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Our Publications

  • Islamic Finance news
  • IFN Halal Finance
  • UK Islamic Finance
  • IFN Fintech

Recent Tweets

  • Fintech and digitalization major growth drivers for Islamic finance in Pakistan, say leading experts Read more...… https://t.co/KR822qEd2221 hours ago
  • We are proud to announce Mr Jun Yie Yoon as a speaker for the IFN Asia Forum 2022 on 27th September 2022 in EQ Hote… https://t.co/1xNjC21aGmyesterday

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The latest invesment opportunity on our IFN Fintec The latest invesment opportunity on our IFN Fintech MatchMaking platform. We connect investors with promising Islamic fintech startups. 

Register to receive the pitch deck: https://bit.ly/3OlOxay

#islamicfintech #islamicfinance
IFN Asia Region forums happening in Sept and Octob IFN Asia Region forums happening in Sept and October 2022. 

IFN Asia Forum 2022. 27th September 2022. 

IFN Green & Sustainable Finance 2022.  28th September 2022. 

IFN Indonesia Forum 2022. 3rd October 2022. 

Register at link in profile

#ifnislamicnews #ifnevents #asiaforums
Attend the most sought after IFN Forums in May 202 Attend the most sought after IFN Forums in May 2022. 

IFN Thought Leadership Dialogue, Dubai. 26th May 2022. 

IFN KSA Dialogue, Riyadh. 30th May 2022

Complimentary entry. Register link in profile.  See you there.  #islamicnews #forums #islamicfinanceforums
IFN Weekly Market Round-up: 4th – 10th September IFN Weekly Market Round-up: 4th – 10th September 2021.  Read more or subcribe to our News.  Link in bio.  #ifnnews #islamicfinancenews
@shjislamicbank has launched corporate digital ba @shjislamicbank  has launched corporate digital banking services to better service SMEs.

#digitalbanking #innovation #uae

Find out more at ifnfintech.com
UAE-based Sheesha Finance has invested an undisclo UAE-based Sheesha Finance has invested an undisclosed amount into Shariah compliant Marhaba Decentralized Financial Platform (MRHB DeFi). This comes less than a week after the Australia-based MRHB DeFi signed a partnership with India’s Coinsbit ( @coinsbitindia )

#islamicfintech #islamicfinance
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