Dubai Islamic Economy Development Centre To Enhance Cooperation In Islamic Economy With Tatarstan-Based Group Of Strategic Vision ‘Russia – Islamic World’

The Dubai Islamic Economy Development Centre (DIEDC) today announced the signing of a memorandum of understanding (MoU) with the Group of Strategic Vision ‘Russia – Islamic World’ (RIW Group) to exchange expertise and best practices in the field of Islamic economy.

His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, and Rustam Minnikhanov, President of Tatarstan and Chairman of the RIW Group, attended the signing ceremony at the headquarters of DIEDC. His Excellency Abdulla Mohammed Al Awar, Chief Executive Officer of DIEDC, and His Excellency Veniamin Popov, Coordinator of RIW Group, signed the agreement in the presence of senior representatives from the two entities.

Under the MoU, the RIW Group stands to benefit from DIEDC’s experience in developing an integrated Islamic economy strategy. The two government entities also seek to exchange knowledge and insights related to Islamic banking and finance, the halal industry, specifically food and beverage, as well as healthcare and recreation.

Furthermore, DIEDC and the RIW Group aim to collaborate in organising exhibitions spanning diverse sectors of the halal industry. They will co-host informative workshops on relevant trends and ground-breaking developments in the Islamic economy arena in partnership with higher education institutions in Tatarstan and Dubai. The MoU also opens doors for research collaboration and the exchange of personnel to enhance the knowledge of Islamic economy concepts.