The rise of the Islamic Digital Economy is a force to be reckoned with. Dubai Internet City and the Dubai Silicon Oasis, are the testaments to Islamic digital economy. In October 2013, Dubai, a major economic hub of the world and ruled by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, showed interest in becoming the capital of Islamic economy in the world. A strategic plan was put in action to develop Dubai as the major Islamic economy and a deadline was set for three years. The plan focused on launching a number of ambitious projects that would focus on transforming the city into the capital of Islamic economy no later than the year 2021 and included seven main pillars along with 46 initiatives. It is 2022, what is the current status of Dubai meeting its goal of becoming the capital of Islamic economy?