A Chennai-based Institute of Islamic Banking Finance and Insurance (IIBFI), for the first time, is launching an Online Certificate Course in Islamic Banking Finance and Insurance for students across India and abroad.
Speaking at a meeting after inaugurating the IIBFI’s website at Mehboob Hussain Jigar Hall here , Siasat Daily Chief Editor Zahid Ali Khan said the concept of Islamic banking was being appreciated and accepted by all economies around the world. While the trend of Islamic Banking was being appreciated by the people in America, he said the system has already been introduced in South Africa.
He pointed out that he wrote a letter to the Prime Minister Dr Manmohan Singh after the financial crises spread across the world demanding introduction of Islamic Banking system in our country.
Earlier, IIBFI Director (Administration and Academics) Mohammed Asim Farooqui said the emergence of Islamic banking as an ethical alternative to the prevailing conventional banking system in the aftermath of the global financial crisis has prompted governments around the world to recognize the benefits of Islamic Finance and Banking. UNI