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Aims & Objectives

Aims & Objectives

  • To develop an institution of research, studies and training at the highest level of scholarship in the field of Islamic economics and finance.
  • To undertake theoretical and empirical studies for the application of principles of Islamic economics and finance in India, in different states in India and also to study such experiments in other countries.
  • To publish the results of the research undertaken by the centre and other institutions, individually and collectively.
  • To provide forum for regular contacts and exchange of ideas among the scholars interested in the subject by organizing national and international seminars, symposium, training programmes and discussion meetings.
  • To publish a scientific journal, whether by print or electronic medium and to launch websites and discussion forums, etc.
  • To cooperate and coordinate with all such individuals, organisations and institutions in India and abroad, who are active in achieving similar objectives.
  • To support research and other academic activities undertaken by individuals and institutions throughout India financially as well as academically.
  • To publish books, periodicals, journals, pamphlets and other materials to popularize Islamic Banking and finance.
  • To help, co-operate and co-ordinate with other individuals and institutions in Islamic finance and investment in India in the field of Banking, Micro Finance, Insurance, etc.

News Updates

  • 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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  • IMF ACCEPTS FINANCIAL ISLAM

      Criminal for our education sector to ignore it any longer Dr Mehboob Makhdoomi Srinagar | Posted : Jun 3 2018 The International Monetary Fund (IMF) has finally incorporated Islamic Finance into its financial sector assessments beginning January 1, 2019, calling Islamic Finance ...

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  • Islamic Finance Muslims in India develop mutual health insurance scheme as alternative to takaful

    Islamic finance pioneers and like-minded community leaders in India have come together to introduce an alternative product to formal takaful, which doesn’t exist in the country. A not-for-profit health assurance scheme, called Uplift Mutuals Biradaree, started in April this year at two of M...

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  • INT’L ZAKAT CONFERENCE KERALA CATERS HOPE FOR CREATIVE ZAKAT SYSTEM IN INDIA

    By HABEEB RAHMAN CP The International Zakat Conference, organised by Baithuzzakath Kerala, concludes in Cochin with the new hope for the effective zakat management in the country. More than 250 high-profile delegates from various parts of the country and other nations participated in the conference...

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  • ZAKAT THE SOURCE OF SOCIAL UPLIFTMENT AND ECONOMIC EMPOWERMENT

    Dr. Rahmatullah Abdul Ahad dwells upon how Zakat can be a source of social upliftment and economic empowerment. Poverty, which indicates the absence of material means, is rampant in all the states of India irrespective of caste and clan wise composition of the society. The consequence is sufferings...

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