The announcement has been made by Ibrahim Mohammed Bu Melha, adviser to the Ruler of Dubai for Cultural and Humanitarian Affairs and head of organizing committee.
The award will run from Ramadan 1 to 20 at the auditorium of the Dubai Chamber of Commerce and Industry, and is held under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, KTimes reported.
The DIHQA organizing committee had earlier invited over 120 Islamic countries and foreign Islamic communities in Europe, America, Latin America, Africa, and Asia for participation in this year's award, he added.
"Aspirant participants need to memorize and recite the Holy Quran in full, and should not be over 25 years old at the time of the contest, which is unique in the number of contestants and financial rewards."
While Dh250,000 prizes await top winners, Dh200,000 and Dh150,000 will be given for the second and third ranks, Bu Melha added.
"Prizes worth Dh350,000 shall be gifted to winners from the fourth to 10thrank based on their performance and scores while cash prizes up to Dh2 million will be presented to the rest of contestants, starting from the 11thto the final position."
"A special prize money will be given to the Quran memorizers with most beautiful recitation; a contest that is widely followed up for local, regional and international audience."
Prof Dr Mohammed Abdulrahim Sultan Alolama, Member of the DIHQA organizing committee and head of the competitions unit, said: "The competitions unit has already decided on the international arbitrators to judge the award."