Dubai Chamber of Commerce and Industry called upon Azeri businesses to invest in Dubai's Islamic finance sector in light of the emirate's vision of becoming the capital of Islamic economy as well as to benefit from the city's attractive investment environment during a roundtable discussion on "Islamic Finance" held in the Azeri capital Baku recently.
The roundtable, which was attended by representatives of leading banks, the Central Bank, advisory companies, and other stakeholders, provided an overview of the Dubai Chamber, its international initiatives, including ProDubai, and support of the financial services industries in Dubai and MENA through various platforms and a partnership with the ICC Regional Banking Commission MENA.
The meeting also focused on Dubai's extensive experience in the area of Islamic finance, and how Azeri companies can benefit from the emirate's lead role in promoting the overall Islamic economy.
Hassan Al Hashemi, Vice-President, International Relations, Dubai Chamber, stated that the objective of the roundtable was to bring to the attention of the Azeri businesses Dubai's capability, vision and experience in the area of Islamic economy as well as the emirate's status as an advanced global business hub.
Al Hashemi invited Azeri businesses to collaborate with UAE companies due to their extensive expertise and experience in the field of Islamic finance which has proved its strength and resilience during the global financial crisis as he assured them of the Baku representative office's support in strengthening cooperation ties between the business communities of Dubai and Azerbaijan.