Dubai - Mubasher: The Emirati ministry of finance (MoF) has signed a Memorandum of Understanding (MoU) with Dubai Islamic economy development centre (IEDC), according to a statement.

The agreement aims at exchanging experiences and coordinating on matters related to the strategic plan for ‘Dubai the Capital of Islamic Economy 2017-2021’, to strengthen the country's position and enhancing the position of Dubai as the capital of the Islamic economy.

The MoU was signed by Younis Haji Al Khoori, Under-Secretary of MoF and Abdulla Mohammed Al Awar, the CEO of Dubai Islamic Economy Development Centre.

The Dubai Islamic Economy Development Centre plans to update the strategy for ‘Dubai the Capital of Islamic Economy’ to be aligned with UAE Vision 2021 and Dubai plan 2021, as well as other current developments.

According to the agreement both parties will work on developing more Islamic economy educational programmes, exchanging relevant information, holding regular meetings to follow up on the implementation of all activities and preparing reports on results of the levels of cooperation between the two parties.