DFM welcomes delegation from Indonesian Stock Exchange

Dubai Financial Market, DFM, has received a high-level delegation from Indonesia's Stock Exchange, IDX, along with Indonesian media corporations. The visit underlines Indonesia’s interest in learning from Dubai’s successes in developing Islamic capital markets.

Khalifa Rabaa, Deputy Head of the Operations Division, welcomed Dr. Tito Sulistio, Chief Executive Officer of IDX and the visiting delegates, in the presence of senior representatives from DFM and Dubai Islamic Economy Development Centre, DIEDC.

The 25 delegates attended detailed presentations on Dubai’s achievements as the capital of Islamic Economy. Asma Lootah, Vice President and Head of the Internal Control Department of DFM gave a briefing on DFM’s successful journey as the first Sharia compliant exchange globally in 2007 and its pivotal role in creating a favourable framework for Islamic capital markets through its diversified range of standards for shares, Sukuk and hedging.

Saeed Kharbash, Head of Strategy and Planning at the Dubai Islamic Economy Development Centre, DIEDC, explained the centre’s strategy to strengthen the Islamic economy sector and the numerous initiatives that Dubai has launched to promote growth in various sectors, such as Islamic Finance, Halal food and tourism.

The delegates expressed their interest in exploring the possibility of benefiting from Dubai’s experiences and success story in this field.

Essa Kazim, Chairman of the DFM, said, "Dubai succeeded in positioning itself as the capital of the Islamic Economy shortly after the launch of its initiative in 2013, due to its deep-rooted legacy in this field as well as the vision of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. We are delighted to welcome the visiting delegation from Indonesia, as we are always looking forward to developing strong relationships with other countries and contribute to their development and growth by sharing Dubai’s experiences and success in various sectors, with the Islamic capital markets at the forefront."