DUBAI, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council, and General Supervisor of the Dubai Capital of Islamic Economy initiative, today honoured the winners of the fifth Islamic Economy Awards.

The winners were felicitated at a special ceremony held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. Launched by the Dubai Islamic Economy Development Centre, DIEDC, and organised by the Dubai Chamber of Commerce and Industry, Dubai Chamber, and Thomson , the award ceremony was held in the presence of ministers and heads of government departments.

The awards were presented to a cross-section of global and local business establishments in recognition of their innovative, world-class business initiatives and ideas that are sharia-compliant and contribute to the social and economic welfare of the Muslim population.

Ibrahim bin Mohammed bin Ibrahim Alsubeaei, Chairman of the Board at Masic, Saudi Arabia received the Lifetime Achievement Award 2017 on behalf of his father, the late Mohammed bin Ibrahim Alsubeaei, former co-founder of Bank Al Bilad, Saudi Arabia for his contributions to the Islamic economy as well to charity.

The 'Money and Finance' category award was received by Yielders from the United Kingdom, an organisation offering Shari'a-compliant investment opportunities. While the award in the 'Food and Health' category went to Emirates International Accreditation Centre, a governmental accreditation body based in Dubai that grants halal accreditation to conformity assessment bodies worldwide, the 'Media' category award was received by OnePath Network from Australia, a film production studio that uses media to showcase the beauty and harmony of Islam.

Recipients in other categories included Divine Connect from the USA in the 'Hospitality and Tourism' category, Ihsan Trust from Pakistan in the 'Waqf and Endowments' category, Dubai Technology Entrepreneur Centre, Dtec � Dubai Silicon Oasis Authority from the UAE for the 'SME Development' category, and the International Shariah Research Academy for Islamic Finance, ISRA, from Malaysia in the 'Islamic Economy Knowledge Infrastructure' category. Modanisa from Turkey was presented with the 'Islamic Arts' category award.

Source: Emirates News Agency