http:// Islamic Management and Governance Centre - Dubai Islamic Economy Development Centre

Islamic Management and Governance Centre

Dubai Department of Economic Development (DED) signed an agreement with Hawkamah, an institute for corporate governance based in Dubai International Financial Centre (DIFC), to collaborate on the establishment of the Islamic Management and Governance Centre and implementation of its future activities.

The initiative aims to develop the Islamic economic system and enhance its competitiveness by unifying measures and standards that govern the legitimacy of its activities and products, as well as setting up regulatory bodies that will provide legal reference for the practices of Islamic finance institutions. Moreover, it will form a basis for reviewing, evaluating, developing, and testing the effectiveness of each entity’s plans and programmes in terms of achieving its goals.