A new initiative to transform Dubai into a global hub for sukuks is aimed at positioning the UAE as a top-ranked economy in the world, according to His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Dubai is planning to achieve its goal through a series of initiatives and programmes which in turn will activate the role of Islamic economy in the economy. Moreover, the necessary organisational framework will be completed and national cadres and experts mobilised to give this sector the anticipated momentum.