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9:00am to 06:30pm

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+91 11 29945946

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info@icif.in

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

  • QATAR PLANS TO SET UP THREE GLOBAL FINANCIAL CENTERS

    Doha: Qatar is working on an ambitious initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market by establishing hubs in the three countries using common platforms and technology. “We have a vision to cover the entire globe’s Islamic financial trans...

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  • QGIRC honours Acting CFO for earning doctorate in Islamic Finance

    Doha: Qatar General Insurance and Reinsurance Company (QGIRC), one of the leading insurance service providers in the country, held a ceremony honouring the Acting CFO, Deepa Chandrashekar, after receiving a doctorate degree in Islamic Finance, as part of the company’s plan to boost employee mo...

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  • QATAR PARTNERS MALAYSIA, TURKEY TO CONQUER ISLAMIC FINANCE MARKET

      Gas-rich Gulf state aims to escape blockade by diversifying economy MICHAEL STOTT, Nikkei Asian Review managing editor DOHA -- Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from hubs in the three countries us...

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  • 12 SAUDI BANKS TO PAY 17.9BN RIYALS TO SETTLE ZAKAT PAYMENTS

    Twelve listed Saudi banks reached a 17.86 billion riyal (Dh17.5bn) settlement with the kingdom’s tax authority over the payment of religious tax called Zakat. Al Rajhi Bank, Saudi Arabia’s second-largest bank by assets, will pay the highest amount of 5.4bn riyals, followed by Riyad Bank...

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  • ISLAMIC FINANCE FOR FINANCIAL INCLUSION AND INFRASTRUCTURE DEVELOPMENT IN INDIA

    India is on track to overtake the UK to become the world’s fifth-largest economy in 2018, according to data and forecasts from the IMF. Soon it will trail only Germany and the ‘big three’ – the US, China and Japan. However, the Indian banking system is gasping for breath with...

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  • Islamic Development Bank seeks tie-ups for infrastructure investments

    Islamic Development Bank exploring joint opportunities with other multilateral development banks to invest in India’s infrastructure sector Tue, Jun 26 2018 Utpal Bhaskar Mumbai: Islamic Development Bank Group, one of the largest lenders to Muslim countries, is interested in exploring joint...

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  • BRINGING ISLAMIC BANKING TO INDIA

          Trying to bring Islamic banking to India   Though Muslims are a minority in India and are generally less affluent than Hindus, in sheer numbers they make India the second largest Muslim nation in the world. Cumulatively, their investment power is tremendous and rep...

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