Borse Dubai chairman says timing is right for Islamic economy
According to Essa Kazim, the chairman of the Borse Dubai, the emirate's strategy to become a global centre for Islamic business and finance is paying off, although it is still at an early stage. Underlining its ambitions, the emirate raised US$1.25 billion (Dh4.59bn) in government sukuk at competitive interest rates last week. The Dubai Financial Market General Index is one of the best performing in the world over the last 12 months.
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