This year’s Islamic Economy Award winners were announced today at a ceremony in Dubai.
Established in 2013, the annual award recognises business initiatives and ideas that have contributed to the social and economic welfare of the global 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 prosperity, harmony and well-being for all.
Winners of the nine categories are:
Money & Finance
London-based Yielders is an equity-based property crowdfunding platform that was the first Shariah-compliant fintech firm to be given regulatory approval by the UK’s Financial Conduct Authority (FCA).
Food & Health
Emirates International Accreditation Center (EIAC)
EIAC is a governmental accreditation body located in Dubai that grants halal accreditation to Conformity Assessment Bodies worldwide.
Australia-based OnePath Network is a Muslim film production studio.
Hospitality & Tourism
Divine Connect LLC
Divine Connect specialises in delivering state-of-the-art translation, and digital broadcasting solutions to eliminate the language barrier of millions of non-Arabic speaking Muslims traveling to Masjid Al Haram and Masjid Al Nabawi in Saudi Arabia.
Waqf & Endowments
Ihsan Trust offers interest-free loans to limited income students giving them the opportunity to continue their higher education in Pakistan with over 80 educational entities.
DSOA Dubai Technology Entrepreneur Centre
Dtec is a technology, entrepreneurial and innovation hub in Dubai’s Silicon Oasis and home to hundreds of start-ups and small and medium-sized enterprises from more than 60 countries.
Islamic Economy Knowledge Infrastructure
International Shariah Research Academy for Islamic Finance (ISRA)
Malaysia-based International Shari’ah Research Academy for Islamic Finance (ISRA) is an Islamic finance research institution that focuses on Shariah-related issues in the development of Islamic economics and Islamic finance.
Turkey-based Modanisa is the country's biggest online modest fashion e-commerce retailer.
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 late Mohammed bin Ibrahim Alsubeaei
The late Sheikh Mohammed bin Ibrahim Al Subbeaei was the co-founder of Bank Al Bilad in Saudi Arabia, in addition to several charitable organisations which care for orphans, the disabled and many others.
The islamic Economy Award is managed independently by Thomson Reuters, audited by Deloitte, and adjudicated by a judges’ panel based on formal, established criteria.
(Writing by Rachel McArthur; Editing by Emmy Abdul Alim)
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