The Dubai Center for Islamic Banking and Finance and the Hamdan bin Mohammed Smart University are committed to helping fulfill the ambitious aspiration of Dubai to become the global capital for the Islamic economy," Dr. Al Awar added. H.E. Abdulla Mohammed Al Awar, CEO, Dubai Islamic Economy Development Centre (DIEDC), added: "This new report highlights the importance of takaful as an investment in the future of societies, and its vital role in enhancing the security and stability of the world's communities through Sharia-based standards and principles." "At DIEDC, in line with our sustained efforts to boost the Islamic finance sector, we work closely with other stakeholders and partners to monitor the growth of the vital takaful industry and explore opportunities to develop its mechanisms as well as find solutions to the challenges that face re-takaful. The report's comprehensive overview of the state and future of takaful until 2025 enables experts, consultants and decision makers to shape new insights based on solid scientific foundations.