Chinese students’ tour concludes

Imran Mojib, Special Correspondent

Dubai Islamic Economy Development Centre (DIEDC) received a delegation of Chinese students participating in the Islamic Finance Internship Programme (IFIP), a joint initiative between Hamdan Bin Mohammed Smart University (HBMSU), China Islamic Finance Club, ZhiShang Inter-Culture Communication, and DIEDC.

The Chinese student delegation’s visit to DIEDC’s office concluded its Dubai tour that covered the headquarters of leading Islamic finance institutions in the emirate, including Dubai Islamic Bank (DIB), DIFC FinTech Hive, the Dubai Financial Market (DFM), HBMSU, Nasdaq Dubai, and Dubai Multi Commodities Centre (DMCC).

The trip enabled the students to learn firsthand about Dubai’s pioneering journey to become the global capital of the Islamic economy.

This was the first of a planned series of field trips to partner entities of the programme, aimed at promoting knowledge exchange between the UAE and China in Islamic banking and finance.

The five-day tour focused on examining the application of Islamic finance practices in participating institutions and their efforts to develop this vital sector.

Speaking on the visit, Dubai Islamic Bank Chairman Mohammed Ibrahim Al Shaibani highlighted the leading status of Dubai and the UAE in leveraging Islamic financial instruments to diversify the economy and enhance its competitiveness.  

He noted that the country today serves as a global reference for all matters related to the Islamic economy.

He said, “As home to multiple institutions that play a key role in stimulating the growth of Islamic finance, Dubai attracts companies from around the world that seek to explore the potential of the industry and its benefits.”

DIFC Governor and Chairman of DFM Essa Kazim said, “We are pleased to witness the continued growth in cooperation with our Chinese partners, and we are proud of the role that Dubai played in deepening and strengthening the historical relationship between the UAE and China.

Dr Mansoor Al Awar, Chancellor of HBMSU, said: “Our partnerships with our Chinese counterparts are built on knowledge exchange and transfer of successful experiences in Islamic finance. We are proud to play a role in strengthening the ties between our two nations, especially within the Islamic finance sector.”