Halal Industry Islamic Finance Islamic Lifestyle

GIES 2016-Islamic Economy Award 2016 winners announced at Global Islamic Economy Summit

Photo: DUBAI, UAE - OCT 11, 2016: Iqbal Khan of Fajr Capital receiving the Islamic Economy Award for Money & Finance from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai

This year’s Islamic Economy Award winners were announced today at the 3rd Global Islamic Economy Summit at Madinat Jumeirah in Dubai.

Winners of the nine categories are:

Money & Finance Fajr Capital

Dubai-based Fajr Capital is a sovereign-backed OIC markets focused investment firm. Its portfolio companies include National Petroleum Services, Tamar Energy, Bank Islam Brunei Darussalam, and GEMS.

Food & Health Union Coop(Al Ittihad Cooperative Society)

Founded in 1982, Union Coop started out managing supermarkets before growing to also manage hypermarkets and malls. The organization is Shariah-compliant.



Founded in 2008, ProductiveMuslim’s work is to boost productivity in the Muslim world, helping balance and day-to-day life through articles, webinars and infographics. The company also offers personalized coaching and in-person presentations.

Hospitality & Tourism


Founded in 2009, UK-based HalalBooking.com is a leading online halal/Muslim-friendly travel booking platform. The website is available in six languages and has call center numbers in 15 countries. The company, which is currently valued at $30 million, saw a Series A Investment of $1 million in 2015 and plans to launch a $1 billion IPO by 2018.

Waqf & Endowments Noor Awqaf

Noor Awqaf was established in 2012 as an independent limited liability company by Dubai-based Noor Investment Group and Awqaf and Minors Foundation.

SME Development Ethis Ventures

Ethis Ventures is made up of eight Islamic crowdfunding platforms. Its first, Ethis Crowd, was the world’s first real estate Islamic crowdfunding platform, which in two years has mobilized the crowd to build 5,000 homes across Indonesia. It went on to build Kapital Boost, for SME Islamic crowdfunding, and Waqf World, the global Islamic endowment platform.

Islamic Economy Knowledge Infrastructure

Dar Al Shariah Islamic Finance Consultancy

Dubai-based Dar Al Sharia has developed 50 new products that are used widely across the global Islamic finance industry, including several innovative structures such as convertible/equity sukuk warrants, multi-class securitisations and other hybrid sukuk. Its parent company is Dubai Islamic Bank.

Islamic Arts Haji Noor Deen Mi Guang Jiang

Haji Noor Deen is known worldwide for his work in Islamic Arabic Calligraphy. He has also been active in teaching the next generation of calligraphy artists. His work is widely collected around the world.

Lifetime Achievement Award Sheikh Sulaiman bin Abdulaziz Al Rajhi

Sheikh Sulaiman bin Abdulaziz Al Rajhi has built a group of Islamic charities as well as developing Al-Rajhi Banking & Investment Corporation - one of the largest Islamic banks in the world.


The Islamic Economy Award was launched in 2013 under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and directed by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council.

Now in its fourth year, the annual award recognises business initiatives and ideas that have contributed to the social and economic welfare of the Muslim population. These initiatives and ideas must prove to enhance bilateral trade and investment relations between Islamic nations and forge closer economic ties with the rest of the world towards fostering prosperity, harmony and well-being for all.

The Lifetime Achievement Award recognises an outstanding and influential business leader who demonstrates inspired leadership and who has made a significant impact on the Islamic economy.

The Award is managed independently by Thomson Reuters, audited by Deloitte, and adjudicated by a judges’ panel based on formal, established criteria.

© Copyright SalaamGateway.com 2016 All Rights Reserved


GIES 2016
Islamic Economy Award