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FINANCIAL NEWS
Dubai’s Islamic economy shows robust growth
11 Oct 2015
(MENAFN) Dubai is on target to emerge as the capital of the Islamic economy, Noor Bank chief executive officer and Awqaf & Minors Affairs Foundation chairman told Khaleej Times.
On the Islamic finance front, Dubai is the world’s leading hub for the multi-billion dollar trade in sukuk issuance. Dubai is seen as an attractive tourist destination as well on its path to achieve its goal of 20 million visitors by 2020.
Islamic economies are among the fastest-developing markets in the world. Ten out of the 25 largest growth economies are Muslim-majority countries represent more than USD6.7 trillion of GDP.
While growth in conventional economies is forecast to average 3.6 percent between 2015 and 2020, the economies of the Organization of Islamic Cooperation countries are projected to grow at a robust 5.4 percent.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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