DUBAI:  In line with the nationwide celebrations of 'UAE-China Week', Hamdan bin Mohammed Smart University, HBMSU, has reaffirmed its commitment to building bridges of knowledge, cultural, and economic exchange with China by organising the China-UAE Conference on Islamic Banking and Finance, CUCIBF III, for the third consecutive year, from 7th -8th November, 2018, in China.

The HBMSU is the first UAE university to host the China-UAE Conference on Banking and Islamic Finance.

The two-day event, which is being organised under the theme, ‘The potential for participative economy and financial system: growth, development, integration, and cooperation,’ will form part of the efforts aimed at driving economic growth and comprehensive development through Islamic economy The conference is strategically important as the first such event to consolidate the efforts of the UAE and China to support global Islamic economy, which is expected to grow eight percent annually to US$3 trillion by 2021.

The conference will explore new horizons to further enhance financial and economic integration and to strengthen historical economic ties between the Silk Road markets, embodying the objectives of "one belt, one way", with a focus on driving investment in Islamic sectors that offer promising opportunities for the UAE-China economic rapprochement.

Dr. Mansour Al Awar, Chancellor of HBMSU, said, "The ongoing UAE-China Week festivities celebrate the UAE's strong cultural and economic ties with China, while promoting and upholding the important values shared by the two countries. Building on the success of the last two editions of the China-UAE Conference on Islamic Banking and Finance and inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, to transform Dubai into a global capital for the Islamic economy, under the supervision of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and President of HBMSU, the 3rd Conference will facilitate exchange of ideas and development of effective strategies to leverage the benefits of Islamic finance, in line with the ‘One Belt, One Road’ initiative." The event will feature a high-level international participation aimed at driving stability and prosperity within the framework of productive collaborations and promotion of synergies between the public and private sectors.

 

© Copyright Emirates News Agency (WAM) 2018.