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Introduction

Introduction

Indian Centre for Islamic Finance (ICIF) is striving to present Islamic economy and financial system as an alternative to the prevailing conventional system based on free trade and controlled economic systems. It is on one hand, creating awareness among the masses how Islamic financial system is humane, based on ethics and beneficial to all segments of the society and more particularly the marginalized and unorganized sector. On other hand, it is networking the individuals and institutions working in this field to collectively present before the regulators, businessmen, bankers and the political leaders to accommodate Islamic banking along with conventional banking. To achieve above objectives, it has conducted several meetings, seminars, workshops and interactive sessions and also produced research materials and documents in English and Hindi apart from Urdu to create awareness among the masses. It has an ambition plan to undertake research and education to produce scholars who are well versed in Shariah as well as Modern Banking and Finance.

News Updates

  • SEMINAR ON ESTABLISHMENT OF ISLAMIC BANKING IN KASHMIR

    A one-day seminar on “Interest-Free Finances” was held on 8th February 2018 at the Scholars School Natipora Srinagar. The seminar was organized by Islamic Banking Kashmir (IBK) in collaboration with Crescent Co-operative Ltd. (CCL) Kashmir. At the outset the co-ordinator of the seminar...

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  • JK TO ESTABLISH PANCHAYAT BANK

    JK TO ESTABLISH PANCHAYAT BANK Move aimed at cooperatives, rural banks’ revival           Faisul Yaseen Jammu, Feb 5: As the regional rural banks and cooperative banks continue to be in a bad shape, the government has decided to give a f...

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  • REALIZING SDG AGENDA 2030

    REALIZING SDG AGENDA 2030 UNDP targets Zakat & Islamic Finance Dr Raja Muzaffar Bhat ,Srinagar, Feb 2 2018 In order to end poverty and to ensure global prosperity, the UN member countries in one voice adopted Sustainable Development Goals (SDG) on September 25th 2015. There are 17 goal...

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  • DEBT & INTEREST CRISIS IN ECONOMIC DEVELOPMENT

    “DEBT & INTEREST CRISIS IN ECONOMIC DEVELOPMENT” NATIONAL SEMINAR ON ISLAMIC ECONOMICS organised jointly by Chair for Islamic Studies and Research , University of Calicut  and Institute for Islamic economics and finance research (IIEFR) On  February 14th and 15th  ...

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  • International Zakat Conference Kerala - 2018

    International Zakat Conference Kerala - 2018 Baithuzzakath Kerala organizes an international Zakat conference from April 27-29 in Ernakulum , to highlight and dessiminate the social development aspects and societal relevance of the Institution of Zakat in Islam. Organized Zakat instit...

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  • WITH GOVT SAYING NO TO ISLAMIC BANKING, WHAT OPTIONS DO THE MUSLIMS HAVE?

    One of the most contentious issues that have vexed the minds of Muslims is the concept of interest in the modern-day economy. The Muslim clerics (Ulema) have exhibited an ambivalent stand on major issues concerning Islamic finance, and on most occasions preferred to diplomatically deflect question...

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  • DROPPING THE IDEA OF ISLAMIC BANKING IN INDIA WILL LEAVE MILLIONS SHORTCHANGED

    There is an air of finality and inevitability to the Reserve Bank of India’s (RBI) recent decision to rule out introducing Islamic banking in India. It appears that just the presence of the word “Islamic” is reason enough to surmise that the Modi government – and ideol...

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