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 fifth year, the annual award recognises innovative world-class 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. In addition, a ‘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 integrity and credibility of the Award is managed independently by Thomson Reuters, the world’s leading information provider, and is adjudicated by an esteemed judges’ panel based on formal, established criteria.
The Award is divided into eight key Islamic economy categories in addition to the prestigious ‘Lifetime Achievement Award’.