Islamic Economy Award
العربية

Submissions are now closed

2015 Winner 2015 Winner Attendees Attendees Sheikh Mohammed bin Rashid Al Maktoum

Overview

The Islamic Economy Award was launched in 2013 under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and directed by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council.

Now in its fifth year, the annual award recognises innovative world-class business initiatives and ideas that have contributed to the social and economic welfare of the Muslim population. These initiatives and ideas must prove to enhance bilateral trade and investment relations between Islamic nations and forge closer economic ties with the rest of the world towards fostering prosperity, harmony and well-being for all. In addition, a ‘Lifetime Achievement Award’ recognises an outstanding and influential business leader who demonstrates inspired leadership and who has made a significant impact on the Islamic economy.

The integrity and credibility of the Award is managed independently by Thomson Reuters, the world’s leading information provider, and is adjudicated by an esteemed judges’ panel based on formal, established criteria.

The Award is divided into eight key Islamic economy categories in addition to the prestigious 'Lifetime Achievement Award'.

Award Categories:

  • Money and Finance:

    Islamic banking and finance, takaful, emerging sectors and sukuk

  • Food and Health:

    Agriculture, ingredients and manufacturing, retail, logistics, research and product development and food services, cosmetics, personal care, and pharmaceuticals

  • Media:

    Entertainment shows, publications, social media, and mobile apps

  • Hospitality and Tourism:

    Family friendly travel, meetings, incentives, conferences and exhibitions (MICE), medical tourism, and Hajj/Ummrah

  • Waqf and Endowments:

    Innovative solutions, government managed and private awqaf/waqf management services, and cross-border waqf

  • SME Development:

    Technology, incubation, training, infrastructure and SME ecosystem development

  • Islamic Economy Knowledge Infrastructure:

    Research and educational institutions or initiatives, compliance and standardization, thought leaders and authors

  • Islamic Arts:

    Fine Arts, Visual Arts, Performing Arts and design

Individual Award:

  • 2017 Lifetime Achievement Award

    Global Islamic Economy

Methodology

The judging criteria have been established by Thomson Reuters. The Thomson Reuters team is a specialist group that facilitates the clarity, transparency and accessibility of the Award to an audience of focused professionals, businesses and governments.

Judges panel:

A Panel of eleven Judges has been setup to adjudicate the award.

The judges evaluate all nominations based on the judging criteria.

No Thomson Reuters employee will be part of the judging panel.

Award Nominations:

Nominations for award categories are open to organizations and institutions (not individuals) active in any of the eight categories. Self-nominations are accepted for all eight categories and organizations and institutions are welcome to nominate their own members for the 'Lifetime Achievement Award'.

Award Scoring:

An initial shortlist of top three nominees per category will be determined based on the judges’ aggregate scores. The judges will then review these top three nominations per category and vote for the winner in each.

The organizing team will then provide the judges with detailed information shortlisted nominees (by soliciting additional details from the nominees) so that the judges may vote on the winner for each category.

'Lifetime Achievement Award' Nominations:

Nominations for the Lifetime Achievement Award are open to any individual who have played a strong role in any of the eight Award categories AND has had a career spanning at least 20 years.

Evaluation Criteria for All Award Categories

Nominees will be evaluated on the criteria below. Judges will be provided with a scorecard that details scoring guidelines for each of the criteria. They will score each nominee on each of the criteria on a scale from 0-10.

Innovation:

The nominee will have led the execution of a true innovation in their category (business process, customer experience, product, business model, or marketing) in one or more of the Islamic economy categories.

Key Considerations:

To demonstrate true innovation, the nominee will have delivered:

  • A completely new product or solution, or
  • A completely new business process, business-model, or marketing strategy, or
  • An update to an existing solution or a new application of existing solution, or
  • The implementation of outside innovation to a local or regional market

Social impact:

The nominee's work should demonstrate significant social impact. This could include job creation, bottom-of-pyramid business model, human development impact, stakeholder relations, etc. This criterion recognizes nominees for applying the underlying ethos of an Islamic economic system.

Key Considerations:

To demonstrate success in this category, the nominee will have delivered:

  • Social impact with an actual product or service offering, or
  • Social impact through charitable giving or philanthropy

Inspiring stories:

Because the journey is often as important as the destination, the inspirational quality of the nominee's story – their struggles, triumphs and even their failures – will be considered in the judging process.

Geographic scope of impact:

The nominee will have demonstrated impact in multiple geographies. This criterion acknowledges nominees for the reach of their work. The nominee should be able to demonstrate impact beyond the local level, either regionally or globally.

Economic Impact:

The nominee would have demonstrated the highest quantifiable impact in terms of either creating wealth for its shareholders and the industry or groups that it serves or has enhanced cross border trade in a significant manner.

Judges

H.E. Hussain Al Qemzi

H.E. Hussain Al Qemzi

Chairman
Awqaf & Minors Affairs Foundation
United Arab Emirates

Chair of Judges Panel

Mr. Khalid Al Aboodi

Mr. Khalid Al-Aboodi

CEO
Islamic Corporation for the Development of the Private Sector, Islamic Development Bank Group
Saudi Arabia

Hassan Bayrakdar Ph.D.

Hassan Bayrakdar Ph.D.

Managing Director, RAQAM Consultancy
JLT - Regulatory Affairs & Quality Assurance Management for Middle East, Turkey & Africa
United Arab Emirates

Dr. Daud Bakr

Dr. Daud Bakr

Chairman, Shariah Advisory Council
Bank Negara Malaysia & Securities Commission
Malaysia

Zulkifly Said

Zulkifly Said

Director General
Islamic Tourism Centre
Malaysia

Rafi-uddin Shikoh

Rafi-uddin Shikoh

CEO
Dinar Standards
United States

Jad Toubayly

Jad Toubayly

Director in the Fund Placement & Corporate Finance Division
Greenstone Equity Partners
United Arab Emirates

Dr. Abdullah Qurban Turkistani

Dr. Abdullah Qurban Turkistani

Dean
Islamic Economics Institute
Saudi Arabia

Dr. Jonathan A.J. Wilson

Dr. Jonathan A.J. Wilson

Associate Professor and Associate Dean
Richmond American University
United Kingdom

H.E. Hussain Al Qemzi

H.E. Hussain Al Qemzi

Chairman
Awqaf & Minors Affairs Foundation
United Arab Emirates

Chair of Judges Panel

Mr. Hussain Al Qemzi is Chairman of Awqaf & Minors Affairs Foundation. He is a seasoned banker with over 28 years of experience working with leading financial institutions in the UAE. He currently leads Noor Investment Group, and its flagship entity Noor Bank. In addition to his roles at Noor Investment Group and Noor Bank, Mr. Al Qemzi is Vice Chairman of Emaar Properties PJSC and is a member of the Board of Directors of the DIFC Supreme Council, DIFC Authority and Emirates Institute for Banking and Financial Studies.

Prior to becoming Noor Group CEO, Mr. Al Qemzi was Chief Executive of Sharjah Islamic Bank and a former Board Member of Dubai Financial Market (DFM), and Dubai International Financial Exchange (DIFX). He also served as Chief Operating Officer of the Dubai International Finance Centre (DIFC) and is credited with laying the groundwork for a world-class financial centre.

Mr. Khalid Al Aboodi

Mr. Khalid Al-Aboodi

CEO
Islamic Corporation for the Development of the Private Sector, Islamic Development Bank Group
Saudi Arabia

Mr. Khaled Al-Aboodi joined the Islamic Development Bank (IDB) Group in November 2001 as Deputy Director General of the Islamic Corporation for the Development of the Private Sector (ICD), the Private Sector arm of IDB, and since 2007 has serves as its Chief Executive Officer.

Mr. Al-Aboodi has over 30 years of experience in the financial industry in the Middle East and USA. He started his tenure with the Ministry of Finance & National Economy of Saudi Arabia in 1982 as an Economic Researcher, and served as Director of the Environment Unit, Acting Director of the International Financial Institutions Department.

In 1995 he moved to Washington DC to serve as Assistant to the Saudi Executive Director at the World Bank and was later appointed Alternate Executive Director for Saudi Arabia at the World Bank Board. He then joined the Saudi Public Investment Fund (Ministry of Finance) as Senior Economist where he was in charge of several privatization operations.

Mr. Khaled Al-Aboodi is a Saudi National, and holds a Bachelors Degree in Economics from King Saud University, Riyadh (1982), and a Master's Degree in Economics from Northeastern University, Boston, USA (1987).

Dr. Daud Bakr

Dr. Daud Bakr

Chairman, Shariah Advisory Council
Bank Negara Malaysia & Securities Commission
Malaysia

Dr. Mohd Daud Bakar is the Founder and Executive Chairman of Amanie Group that deals with real economic activities by delivering modern and ethical solutions for the challenges faced by the global Islamic finance industry. He currently sits as a Chairman of the Shariah Advisory Council at the Central Bank of Malaysia, the Securities Commission of Malaysia, the Labuan Financial Services Authority and the International Islamic Liquidity Management Corporation (IILM). He is also a Shariah board member of various financial institutions, including the National Bank of Oman (Oman), Noor Islamic Bank (Dubai), Amundi Asset Management (France), Morgan Stanley (Dubai), Bank of London and Middle East (London), BNP Paribas (Bahrain), Bank Al Khair (Bahrain), Dow Jones Islamic Market Index (New York), Financial Guidance (USA), amongst many others.

Prior to this; he was the Deputy Vice-Chancellor at the International Islamic University Malaysia. He received his first degree in Shariah from University of Kuwait in 1988 and obtained his PhD from University of St. Andrews, United Kingdom in 1993. In 2002, he completed his external Bachelor of Jurisprudence at University of Malaya. He has published a number of articles in various academic journals and has made many presentations in various conferences both local and overseas. On the recognition side, Dr Mohd Daud has been honored with “The Asset Triple A Industry Leadership Award” at The Asset Triple A Islamic Finance Award 2014 by The Asset magazine and been named as the “Most Outstanding Individual”, awarded by His Majesty, the King of Malaysia, in conjunction with the national-level Prophet Muhammad's birthday 2014. The most recent achievement is when he has been awarded as the “Shariah Scholar of the Year-2015” by London Sukuk Summit, June 2015. On the publication side, Dr Mohd Daud has just released his first book in March 2016 named “Shariah Minds in Islamic Finance : An Inside Story of A Shariah Scholar”.

Zulkifly Said

Zulkifly Said

Director General
Islamic Tourism Centre
Malaysia

Zulkifly Said began his career in the Malaysian Civil Service in 1988, as an Assistant Director with the Tourist Development Corporation (TDC) - now known as the Malaysia Tourism Promotion Board (Tourism Malaysia). He was later assigned as Director (Overseas) at the Board’s overseas offices in Hong Kong (1992-1996), Bangkok (2000-2004) and Istanbul (2004-2007). He also served as the Board’s Northern Region Director based in Penang from 1996-2000.

In 2007, Zulkifly was promoted to the position of Director at the Board’s Head Office and has held the Director’s position with the Finance and Administration Division, Conventions Division, Research Division, Industry Development Division and International Promotion Division (West and South Asia Region). He served in Tourism Malaysia for 25 years before being seconded to the Islamic Tourism Centre (ITC) in 2013 as its Director General.

Zulkifly holds a Bachelor's Degree in Business Administration, majoring in Management and Marketing from Westmar College Le Mars Iowa, USA.

Jad Toubayly

Jad Toubayly

Director in the Fund Placement & Corporate Finance Division
Greenstone Equity Partners
United Arab Emirates

Jad Toubayly is a Director in the Fund Placement & Corporate Finance Division at Greenstone Equity Partners. He works extensively with regional and foreign fund managers raising capital within the GCC region.

Mr. Toubayly has extensive knowledge of debt, equity and derivative structuring for financial institutions, corporate and sovereign clients particularly in the Middle East and North Africa (MENA) region with a particular focus on Shariah compliant structuring.

Prior to joining Greenstone Equity Partners, Mr. Toubayly worked for J.P. Morgan as part of the Islamic Finance team. He was responsible for setting up the Islamic platform as well as developing and enhancing the Shariah compliant product and service suite. During his tenure, Mr. Toubayly was also involved in the structuring and execution of numerous Shariah compliant credit, derivative and debt capital markets transactions across MENA and South East Asia.

Prior to J.P. Morgan, Mr. Toubayly spent 5 years as part of Deutsche Bank’s Emerging Markets Structuring desk where he was responsible for the structuring and execution of various sector debt, derivative and asset side transactions, with a particular focus on Islamic transactions that adhere to Shariah principles.

Prior to Deutsche Bank, Mr. Toubayly was part of Ernst & Young’s Transaction Real Estate team working on various real estate sector projects in the MENA region. He worked extensively on valuations, market and financial feasibility studies, acquisitions, disposals and vendor due diligences for various landmark real estate projects across the MENA region.

Mr. Toubayly is a graduate of the American University of Beirut where he holds a Bachelor’s degree in Business Administration.

Dr. Abdullah Qurban Turkistani

Dr. Abdullah Qurban Turkistani

Dean
Islamic Economics Institute
Saudi Arabia

Abdullah Turkistani is the dean of the Islamic Economics Institute (IEI) since in 2011, and was the director of the Islamic Economics Research Center (IERC) 2007-2011. The IERC was established in 1977 and became IEI in 2011. During his period a wide academic international network was established for the Center/Institute through research, curricula, training and academic forums. Abdullah is a member in some boards of directors of academic institutions and journals nationally and internationally. He graduated from Leicester University - UK with a PhD in economics and a dissertation on External Debt in Arab Counties. He graduated from University of Colorado – USA with MA in Economics, with concentration on economic development & international finance. Abdullah taught at Leicester University and he is teaching now at King Abdulaziz University (KAU). He teaches quantitative courses, international finance, health finance, economic theory, Islamic Financial Transactions and Islamic financial institutions. He is interested in topics related to Islamic finance and economic integration. Abdullah presented papers and talks in Islamic economic and finance at several conferences and seminars. His relationship with the private sector is through funded research and in co-organizing academic forums locally and internationally. He organized and participated in organizing many conferences and workshops in Saudi, Europe and UK. In 2012 he participated in organizing a workshop on Islamic Finance at Cambridge University, which resulted a 3 volume book in 2015. Dr. Abdullah Turkistani is assistant professor in the department of economics of Faculty of Economics and Business Administration at KAU.

Tariqullah Khan

Dr. Jonathan A.J. Wilson

Associate Professor and Associate Dean
Richmond American University
United Kingdom

Jonathan Wilson is Associate Professor and Associate Dean at Richmond American University in London. He lectures undergraduate, postgraduate and MBA students.

Professor Wilson’s career began over twenty years ago in industry, before branching out into academia and consulting – where he specialises in the ABCDs of Business and Culture: Advertising, Branding, Communications, and Digital.

Professor Wilson is also: a Halal Tourism Officer in the Ministry of Tourism, for the Republic of Indonesia; Editor-in-Chief for the Journal of Islamic Marketing; an Executive Trainer for Al Jazeera Media Network; and is an Advisor for innovation and research firm Stylus, luxury fashion brand The ISHU, and the UK All Party Parliamentary Group on Islamic Finance.

Professor Wilson has spoken at conferences across the globe on over 100 occasions, and published over 200 pieces of work. He has been cited in, amongst others: The Guardian, Huffington Post, Thomson Reuters, The Times Newspaper, Nikkei Asian Review, KBS TV (Korea), Communicate Advertising Age, Khaleej Times, Sky News Arabia, BBC World, Vision Magazine, The Marketeers, and KIN Global. He has worked on industry research projects and reports for: McKinsey & Company, Middle East; DinarStandard; Thomson Reuters and Salaam Gateway; Mindshare, London; Stylus; PwC Malaysia; Oxford Analytica; MBA & Company; Tokyo Institute of Technology and Gurunavi Japanese Restaurant Guide.

His work on Inconspicuous Branded Consumption and Luxury in the Journal of Marketing Management received an award, and also appeared in the September 2015 Harvard Business Review. Islamica 500 lists him in the Top 50 Global Thought Leaders for his work in Islamic Economics, Halal Branding, and Muslim Millennials. He sits on the panel of judges for the Islamic Economy Awards - hosted by Thomson Reuters and the Dubai Islamic Economy Development Centre.

Hassan Bayrakdar Ph.D.

Hassan Bayrakdar Ph.D.

Managing Director, RAQAM Consultancy
JLT - Regulatory Affairs & Quality Assurance Management for Middle East, Turkey & Africa
United Arab Emirates

Dr. Hassan Bayrakdar : A Food Expert on Food & Beverages Regulations with International experience and an in depth knowledge of the Middle East and North Africa region, he hold a PhD in Chemistry from Nancy / France. A background of 16 years with Nestlé Middle East and 2 years with Mars GCC the leading Multinational Companies as a Corporate Regulatory & Scientific Affairs Manager and a Global Halal Affairs Expert for Mars Company . An expert and a certified Halal Lead Auditor and Certified ISO 9001 Lead Auditor, Dr. Hassan participated and presented at several Seminars and Conferences related to Food Safety, Food Quality and contributed to several Conferences related to Halal subjects. A track record of establishing Food Standards and Regulations with the local authorities for GCC countries. Dr. Hassan Bayrakdar is the founder and the Managing Director of RAQAM Consultancy JLT Company based in Dubai.

Rafi-uddin Shikoh

Rafi-uddin Shikoh

CEO
Dinar Standards
United States

Rafi-uddin is the Founder and CEO of DinarStandard--a specialized market research and advisory firm focused on the emerging Islamic markets of Halal/Tayyab food, Muslim travel market, Islamic/Ethical Finance, and OIC member countries. He is passionate about empowering organizations for profitable and responsible global impact. Since 2008, Rafi-uddin has been advising global multi-nationals, Islamic financial institutions, Halal market startups and NGOs on market expansion analysis, business/investment strategy, and innovative marketing strategies.

Rafi-uddin has led various market studies on the Muslim markets globally including: State of the Global Islamic Economy, Global Muslim Lifestyle Tourism Market, DS100™ ranking of Top 100 Businesses in the Muslim World, Social Responsibility Survey of Islamic Financial Institution, State of Food Insecurity & Opportunities in OIC Countries, Productivity in Ramadan Survey, and various other such reports. He is a frequent speaker on innovation, marketing, social business, and Muslim customer strategies, and has presented at prestigious industry conferences at Oxford University, Harvard University, Jeddah Economic Forum, Dubai International Conference for Awqaf, International Food Conference Turkey, and IIUM Malaysia.

Prior to DinarStandard, Rafi-uddin had been a Vice President with Marsh Inc, a global risk-brokerage firm, where he led and successfully delivered multi-million dollar knowledge management and marketing technology related initiatives. He had previously served as a Senior e-Business Consultant at a Boston a based firm. Rafi-uddin has an MBA from UNC-Charlotte, North Carolina, and a BSc. in Marketing from Southwest State, Minnesota, USA.

Submissions are now closed

2016 Winners

Islamic Economy Award Winners

The winners were announced and awards presented by HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai at the Global Islamic Economy Summit 2016 in Madinat Jumeirah, Dubai. The award winners are as follows:

Money and Finance:

Fajr Capital

Fajr Capital is a sovereign-backed Islamic investment firm, with a focus on realising the growing economic opportunities presented by growth markets in the Middle East and Asia Pacific.

The company’s shareholders include: Abu Dhabi Investment Council, the Government of Brunei Darussalam, Khazanah Nasional Berhad, Mohammed Alsubeaei and Sons Investments Company (MASIC), and other sovereign and private institutions.

To date, Fajr Capital has invested in promising, growth businesses operating across a range of demographic-driven sectors, such as infrastructure, education, financial services, food and beverage healthcare, manufacturing and renewable energy.

Together with its portfolio companies, Fajr Capital employs over 15,000 people across its constituent markets – including operations in the Gulf Cooperation Council (GCC) markets, Algeria, Brunei Darussalam, Egypt, Indonesia, Malaysia and Turkey.

Website: http://www.fajrcapital.com/

Money and Finance

Food and Health:

Union Coop

Union Coop was registered as a LLC Cooperative Society in the Emirate of Dubai by virtue of the Ministerial Resolution No. 2/31 dated on May 24, 1982, issued by the Ministry of Labor and Social Affairs. In 2016, Union Coop registered under the Ministry of Economic in order to expand commercially and geographically.

Union Coop has achieved remarkable success and is ranked at the top of the list nationwide, in terms of role, outspread, capital and profits amongst all the Co-operative Societies of UAE. Established 34 years ago with the launch of one branch now spread in eleven strategic locations in Dubai with two Community Malls and upcoming expansion plans. Union Coop has spread its wings to Ajman providing Management and Operating consultancy for three branches – Ajman Market Cooperatives and similar contracts signed with Umm Al Quwein and Fujairah. In partnership with Awqaf and Minors Affairs Foundation, Fresh N1 brand is launched in 2016 to build a place that is a convenience store in scale but a full-size grocery store in scope.

Union Coop’s core business is retail and alongside improve the Social and Economic conditions of all Stakeholders and serve the local community.

To maintain and grow Stakeholders wealth and achieving sustainable growth is the result of continual innovation and improvement. UNION COOP seeks accelerated improvement in its services that enhance communication and bring benefits to the customers through the implementation and usage of modern systems & technologies, improving the existing procedures and providing transparent, efficient and professional information about its activities, in addition to supporting and serving the community to serve the UAE’s economic and social objectives.

Website: http://ucs.ae/home.aspx
Twitter: @UnionCoop

Food and Health

Media:

Productive Muslim

ProductiveMuslim.com is an online media and training platform dedicated to boosting productivity in the Muslim world.

Its goal is to introduce a modern understanding of the link between Islam and productivity that helps individuals and organizations lead healthier, balanced, and more meaningful lives.

Through articles, videos, animations, infographics, books, webinars, online courses, apps, live workshops and retreats it hopes to promote a set of values and habits that make it easier and practical to live a productive lifestyle: Spiritually, Physically, and Socially.

Website: http://productivemuslim.com/
Twitter: @AbuProductive

Media

Hospitality and Tourism:

HalalBooking.com

In 2009 a group of visionary Muslims with senior management experience from top travel and FTSE100 blue-chip companies came together to realise the HalalBooking.com vision – a state-of-the-art online ‘search & book’ website for Halal Travel. Since then HalalBooking.com has established a reputation as the world's leading independent Halal Travel platform, offering an online booking facility for halal-friendly Beach Resort, City Breaks and Villas. HalalBooking® is a global brand with an advanced website, which provides its customers full-unbiased information and allows online searching and booking their dream halal holidays, tailored to their family and individual needs.

HalalBooking.com has customers from over 75 countries, booking their travel in 6 languages, supported by call-centre numbers in 20 countries. The company is HQed in United Kingdom with staff in 8 other countries globally. It is an exponentially growing venture capital-funded high-tech company and (as of Oct 2016) is going through $3Million Series B venture round.

Website: http://us.halalbooking.com/
Twitter: @HalalBooking

Travel

Waqf and Endowments:

Noor Awqaf

With the principal aim of adding value to Awqaf entities, by engaging directly or through partners, to provide services to help implement strategic initiatives, deliver operational efficiencies and enhance profitability on funds and assets. Noor Awqaf is committed to supporting all Awqafs to maximize their social impact which is sustainable, while remaining commercially viable.

Noor Awqaf supports the vision of H H Sheikh Mohamed bin Rashid Al Maktoum, UAE Prime Minister and Ruler of Dubai, to position Dubai as the world’s capital for the Islamic economy. Across UAE, Noor Awqaf, will continue to engage on key social projects for the long-term benefit of the nation. It also aspires to develop deep relationships with Awqaf organizations in other countries to extend similar benefits globally.

The company was established with an initial issued and paid up capital of AED 10 Million. The entity is 60% owned by NIG, a Shari’a compliant financial services company and parent company of Noor Bank and Noor Takaful. The balance 40% is owned by AMAF, a Government of Dubai department responsible for the management of endowments and well-being of minors in line with Sharia principles and values. Zawaya Realty LLC has been set up as a subsidiary of Noor Awqaf that focuses exclusively on providing comprehensive, value-added real estate services which is a core focus for most Awqaf entities.

Website: http://www.noorawqaf.com/
Twitter: @noor_awqaf

Waqf and Endowments

SME Development:

Ethis Ventures

Ethis Ventures partners with Islamic Crowdfunding platforms to help them grow. Its family of platforms include award-winning SME P2P platform KapitalBoost.com, and SkolaFund.com, a donation platform founded by students to crowdfund tuition fees for deserving students.

Its first and largest platform is EthisCrowd.com, the world's first Real Estate Islamic Crowdfunding platform which has crowdfunded investments into projects to build 5,000 subsidised homes for the needy in Indonesia.

Ethis Ventures also operates WaqfWorld.org (beta), the 1st global Waqf Platform. with Founding Patron Tun Abdullah Badawi, Malaysia’s 5th Prime Minister.

Website: http://www.ethisventures.com/

SME Development

Islamic Economy Knowledge Infrastructure:

Dar Al Shariah

"Dar Al Sharia Islamic Finance Consultancy LLC (Dar Al Sharia) is considered a pioneer in the field of Islamic finance advisory and consultancy. Having commenced operation in 2004 in shape of a DIB unit and converted into an independent entity in 2007, it has held the first-mover advantage and developed complete range of products needed by retail, corporate, treasury and wealth management functions for Islamic banks besides the full range of Islamic capital market (including Sukuk), Asset Management (funds) and Islamic insurance (Takaful) products which are now considered the industry benchmarks wherever Islamic finance is practiced.

In terms of service delivery, Dar Al Sharia has a wide-ranging team of experts on the ground and does not outsource any task assigned to it by a client which enables it to maintain full control over the confidentiality, efficiency, consistency and quality of its deliverables.

From its base in Dubai, Dar Al Sharia is providing Sharia guidance to the Islamic finance industry globally, including Islamic banks and windows, Takaful companies, asset managers, fund managers, capital market players, government ministries and departments and government-related entities (GREs), regulatory authorities in various countries, rating agencies, law firms, privately-held corporate entities, universities and educational institutions and others.

Dar Al Sharia holds unique expertise in the conversion of conventional banks into Islamic financial institutions. Dar Al Sharia is also renowned as a specialist in advising on Sukuk transactions. It provides complete Sharia guidance in the structuring and documentation for all types of Sukuk and funds, besides developing new products for capital markets and asset management, as well as for the retail, corporate and treasury sectors. Restructuring existing transactions in a Sharia compliant manner is another of its strengths.

The team at Dar Al Sharia includes a unique combination of lawyers, scholars, Sharia auditors, bankers, trainers and financial analysts which are considered industry specialist.

Dar Al Sharia has won several international awards. It holds unique distinction of winning IFN international awards as the Best Sharia Advisory Firm for 6 years out of which 5 years in a row (2009 – 2013 and 2015) and Best Islamic Finance Consultancy Firm award consecutively for the last 6 years (2010 – 2015). The company has also won the Malta Institute of Management’s Best Sharia Advisor award for 4 consecutive years 2011 – 2014, the CPI’s Islamic Business and Finance Award for Best Sharia Advisory Service Provider for 2014 & 2015 and the Global Islamic Finance Award for 2015. Scores of Dar Al Sharia’s structured transactions have won the Best Deal of the Year award.

In addition, Sohail Zubairi, founding CEO of Dar Al Sharia was voted the Sharia Governance Personality of the Year 2015 by MECA CFO Alliance."

Website: http://daralsharia.ae/

Islamic Arts:

Haji Noor Deen Mi Guang Jiang

"Haji Noor Deen Mi Guang Jiang is a renowned master of Arabic calligraphy. Born in 1963 in Shangdong province, China, he brings an immense learning in traditional thought and Islamic art to a modern audience, juxtaposing them in a new calligraphic style all his own, both Eastern and Western.

The Chinese and Arabic calligraphic traditions have often been compared as the two of the world's finest manifestations of the written word, but never likened; indeed, they are at once opposites and complements. When combined the result is an artistic piece that is a work of incredibly unique beauty, and a testimony to man's synthesizing genius.

In 1997, Haji Noor Deen was awarded the Certificate of Arabic Calligrapher in Egypt, becoming the first Chinese person to be honored with this prestigious award.

In 2000, Haji Noor Deen initiated & taught the first regular and systemic Arabic Calligraphy course at the Zhengzhou Islamic College in China.

In 2005, a piece named ""The Ninety Nine Names of God"" was acquired and displayed by The British Museum and will be displayed permanently in the gallery of Islamic Art. This is the first time that a piece of this nature, Arabic Calligraphy handwritten by a Chinese, has been placed on permanent exhibit by The British Museum.

Haji Noor Deen was included in the “Top 500 Most Influential Muslims of 2009 to 2015.”

His work has been and displayed in galleries and museums around the world, often as the first Chinese/Arabic artist, including The British Museum, San Francisco Asian Museum, National Museum of Scotland and Harvard University Art Museum.

Noor Deen's extraordinary mastery and genius along with his unique ability to spectacularly deliver his craft to an audience has brought him lecture and workshop invitations from some of the most renowned and prestigious institutions around the world, including: Harvard University, Cambridge University, University of California-Berkley, Massachusetts Institute of Technology, the Bukhari Institute and many others. He has delivered lectures on calligraphy at the Islamic College in Zhengzhou, China, and the Zaytuna Institute in California. Currently, Noor Deen is developing his own gallery entitled ""The Chinese House for the Arts of Islamic Arabic Calligraphy"" and the ""Arabic Calligraphy Creative Centre"", at the National Academy of Painting and Calligraphy in Henan Province, China"

Website: http://www.hajinoordeen.com/

Islamic Arts

2016 Lifetime Achievement Award:

Sheikh Sulaiman bin Abdulaziz Al Rajhi

"Sheikh Sulaiman bin Abdulaziz Al Rajhi was born in 1348 / 1929 in Al Bukairiyah. He is one of the most profound businesspersons and corporate figures in the kingdom of Saudi Arabia. He has joined the labor market and earned his living since a very early age; working in trade, banking, agriculture and industry.

Sheikh Sulaiman is the co-founder of Al Rajhi bank; the first Islamic bank in the KSA and one of the largest Islamic banks worldwide. He has assumed the duties of the establishment and management of the bank for several years, during which he boosted the bank's businesses, promoted its domestic and international relationships, and provided several Islamic banking products and solution under the supervision of Sharia and Islamic economy scholars.

He has also established many companies that contribute to agricultural, nutritional, industrial and educational development both within and outside the kingdom, all of which has been transferred under the umbrella of his endowment, as he is widely known for his permanent inclination to charity work, and this immense generosity is crowned by making almost two thirds of his property (upon his death) to pass down to his endowment which he has formerly established as a contribution to social development. He has also established a statute and system for the management and governance of this endowment according to modern standards.

Sheikh Sulaiman, is still working very hard and diligently for the benefit of his endowment; he is supervising his main investments and directing them closely. He is particularly keeping an eye on specific projects related to food production both within and outside KSA given their importance and multiple benefits for all staekholders."

Website: http://www.asrhc.com/
Twitter: @S_a_rajhi

Lifetime achievement