The Governor of the Central Bank, Khaled Mohammed Balama, chaired the first meeting of the Committee for the Development of Islamic Finance and Halal Industry. During the meeting, the committee’s work system and mechanisms for executing its tasks were discussed and approved, along with the implementation plans for the 2025-2026 strategy. Strategic projects aimed at enhancing the UAE’s position as a leading global center in Islamic finance, the halal industry, and sustainable Islamic charitable work were also reviewed.

The committee approved the implementation plans for the initiatives and projects outlined in its strategy, as well as the establishment of subcommittees to strengthen the committee’s work through coordination with ministries, federal and local authorities, and relevant private sector institutions and companies.