Dubai could learn from London to build Islamic finance hub
Alderman Roger Gifford, the Lord Mayor of The City Of London, said that London is becoming increasingly important in the Islamic finance world. A lot of infrastructure exists to service Islamic finance, however it is nothing more than a niche product in London which represents less than 1 per cent of the entire market. Gifford is therefore promoting further cooperation between Dubai and the wider UAE market with London. This can help Dubai to become a global capital of the Islamic economy, according to the Lord Mayor.