The second edition of the Global Islamic Economy, also known as GEIS, is to be organized by Dubai’s Crown Prince, Hamdan Bin Mohammed, as was ordered by Sheikh Mohammed bin Rashid Al Maktoum, who is the Prime Minister and the Vice President of UAE, as well as Dubai’s Ruler. This summit is expected to attract over 2,000 people, as such as thinkers, business leaders, and policymakers to aid in building a roadmap for the Islamic economy’s key pillars and to benefit from the innovations and the sectoral growth occurring within the economic systems globally.

This summit is to be organized by Dubai Chamber and DIEDC with the help of Thomas Reuters on the 5th and 6th of October, 2015.

This year’s GEIS will build on the success achieved by its previous edition which happened in 2013. It focused on growth strategies, innovation, and the effect of the increased consumption of services and brands in an Islamic economy. It plans on discussing the main points of the Islamic economy:

• Halal Industry: cosmetics, agriculture, logistics, retail, manufacturing, product development and research, and food and other services.
• Islamic Finance: Islamic asset management, capital markets, Islamic banking, retakaful, sukuk, takafu, and awqaf.
• Islamic Knowledge: research, University and/or other education, Muslim research and consumer marketing.
• Family Tourism: Travelling.
• Digital Islamic Economy: VC financing, incubation, and technology and innovation.
• Islamic Arts and Design: fashion, art and design.
• Islamic Standards: standardization and compliance.

This summit plans on highlighting successful innovations and upcoming opportunities in many sectors, such as organic food, impact/ethical investment, family-friendly travelling, modest clothing, technology solutions, and recreation trends.

GIES 2015 has specific features that are expected to cause a general hype among the people, as such as a concert to celebrate Islamic artists, an exhibition to showcase Islamic artwork, a competition organized alongside the authority of Dubai’s Silicon Oasis called ‘Entrepreneurship for Impact’, and the ceremony for Islamic Awards Economy.

According to Mohammed Al Gergawi, who is the Chairman of the Board of DIEDC, this second edition is expected to considerably impact the Islamic economy’s trends, specifically to develop insights and identify with the main segments of the Islamic economy. Not only will this summit showcase this domain’s best practices, but it will also boost the amount of creative approaches towards investment. This summit will create opportunities, supporting Dubai’s position as the innovators of the world’s Islamic economy.