.:: Indian Centre For Islamic Finance ::.

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

Attractive destination: Saudi Arabia plans investments worth $100 bn in India

NEW DELHI : Saudi Arabia, the world's biggest oil exporter, is looking at investing USD 100 billion in India in areas of petrochemicals, infrastructure and mining among others, considering the country's growth potential. Saudi Ambassador Dr Saud bin Mohammed Al Sati has said India is an attractive ...
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Indian banks should exploit untapped potential in Islamic banking: Experts

By Ashwini Shrivastava Singapore, Oct 28 (PTI) Indian and foreign banks should exploit Islamic banking''s untapped potential to ensure the financial inclusion of “unbanked” populations excluded by the existing financial system, several experts have said. Islamic banking is a finance ...
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NEW HALAL OPTION IN KERALA'S SAVINGS SCHEME FOR EXPATS IN UAE

The Kerala State Financial Enterprises (KSFE) Pravasi Chitty, the savings scheme for expats from the state, is now Shariah-compliant, an Indian minister said in Abu Dhabi. Kerala's Finance Minister Thomas Isaac said the chit fund scheme is now available with an additional 'halal' option and...
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To Check Farm Suicides, India Will Have To Start Interest-Free Banking: Bangladesh Top Banker

To Check Farm Suicides, India Will Have To Start Interest-Free Banking: Bangladesh Top Banker India will have to start interest-free banking system in order to check the growing number of farm suicides, said a top banker of Bangladesh here on Friday. Md Abdul Awwal Sarker, General Manager, Resear...
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IMA PONZI SCAM: THE UNRAVELLING OF AN INVESTMENT FRAUD

When the Bengaluru-based IMA Group of Companies wound up its operations, it not only left thousands of investors in the lurch but also raised questions on political patronage to Ponzi schemes that are being run in the name of Islamic banking. Imran Gowhar and K.V. Aditya Bharadwaj report on the scam...
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ISLAMIC BANKING CAN TAP INTO NEW SOURCES OF FINANCE

Khurshid Ahmad Najmi ( Legal Advisor , ICIF , Partner -Link Legal India Law Service, Former Legal Advisor Reserve Bank of India) The biggest problem with the term ‘Islamic bank’ is that it carries the word ‘Islam.’ It is almost l...
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ICIF PLANS SLEW OF MEASURES FOR FINANCIAL LITERACY

The Annual General Body meeting of Indian Centre for Islamic Finance (ICIF) was held at its office in the national capital on June 30 to take stock of the prevailing Islamic financial situation, progress made, and to formulate guidelines and roadmap for the next financial year and to analyse the...
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