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Two Kuwaiti companies honoured at 2nd Islamic Economy Award
January 17, 2015, 1:20 pm

Two Kuwaiti companies, The 99, an initiative of Teshkeel Media Group, winner of the media category and KFH Research, winner of the Islamic Economy Knowledge Infrastructure category, were honoured at the 2nd Islamic Economy Award presentation ceremony held at the Ritz-Carlton DIFC on Wednesday, 14 January. 

Chairman and CEO Naif Al-Mutawa, The 99, an initiative of Teshkeel Media Group from Kuwait received the award from UAE Vice-President and Prime Minister and Ruler of Dubai H.H. Sheikh Mohammed bin Rashid Al Maktoum in the Media category while KFH Research Chairman Fahad Al-Mukhaizeem  got the prestigious second award under the Islamic Economy Knowledge Infrastructure category.

The awards were presented to the two Kuwaiti companies along with winners in other six categories and a Lifetime Achievement Award which honoured global and local business establishments for their innovative world-class business initiatives and ideas that are sharia-compliant and contribute to the social and economic welfare of the Muslim population.

Initiated by the Dubai Islamic Economy Development Centre (DIEDC) and organised by Dubai Chamber of Commerce and Industry and Thomson Reuters, the high-profile award closing ceremony was held under the patronage of H.H. Sheikh Mohammed, and in line with the directive of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council.

Other award winners included Salma, an entity of Awqaf & Minor Affairs from the UAE for the Food and Health category, Halal Minds from Indonesia for Hospitality and Tourism category, and National Awqaf Foundation of South Africa for Waqf and Endowments category.

Awards in other categories went to LaunchGood from USA for SME Development category, Yusuf Islam, Singer, Songwriter & Author from the UK for Islamic Arts category and the Lifetime Achievement award was received by H.E. Dr. Zeti Akhtar Aziz, Governor, Malaysian Central Bank while Hajj Saeed bin Ahmed Al Lootah, founder of the world’s first Islamic bank, received a special recognition from H.H. Sheikh Mohammed for his contribution to the Islamic Economy.

During his welcome address, H.E. Hussein Qemzi, Member of the DIEDC Board and Chairman of Awqaf and Minors Affairs Foundation, said: “The Islamic economy award in its second edition comes after one successful year that gave the UAE in general and Dubai in particular credibility in driving the growth of the Islamic economy in banking and finance, knowledge and researches, family – friendly tourism and halal industry.”

Mr. Al Qemzi added: “The award highlights the wise decision taken by His Highness Sheikh Mohammed bin Rashid Al Maktoum in 2013 to transform Dubai into the capital of Islamic economy. In one year only, the award attracted 248 submissions compared to 148 in 2013 and from 48 countries compared to 31 in 2013. This award would not have been an innovative tool to boost growth in Islamic economy without the efforts of the entities behind it and especially the jury panel which thrived to put in place a judging process based on credibility and transparency. The first criterion adopted in this process was innovation, given its importance in the today’s world and its role in ensuring growth and prosperity of the Islamic economy.”

Dubai Chamber, 1st Vice Chairman H.E. Majid Al Shamsi said: "Dubai has always been on the forefront of promoting and developing the Islamic Economy sector under the directives of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, and his vision of turning Dubai into a global Capital of Islamic Economy. The emirate is investing in the future and is on the right course to realise its vision in the Islamic Economy sector.”

Mr. Al Shamsi reiterated Dubai Chamber’s commitment to supporting the Government’s initiative adding that the organisation of the Islamic Economy Award consolidates Dubai's position as a global Islamic Economy capital. The Chamber believes that honouring those with creative ideas is the right way to support innovation in the diverse Islamic Economy sector which has a potential GDP value of more than US$8 trillion and is witnessing an unprecedented growth in recent times, he said.

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