Aligarh Muslim University to run Islamic insurance course

July 31st, 2008 - 5:04 pm ICT by IANS  

Aligarh, July 31 (IANS) Aligarh Muslim University (AMU), which has decided to introduce a course in Islamic banking from the next academic session, will also offer separate courses in Islamic insurance and finance, a university official said Thursday. “The varsity intends to start these courses to cater to the ever increasing demand for trained personnel in Islamic insurance and finance sectors,” AMU spokesperson Rahat Abrar told IANS.

The Islamic insurance course will be a diploma course, while Islamic finance will be a two-year masters programme, he added.

The two courses have been recommended by a three-member committee appointed by AMU Vice Chancellor P.K. Abdul Azis to work out the feasibility of offering courses on Islamic banking including the possibility of establishing a new department dedicated to the subject, the official said.

For preparing the syllabi of courses in Islamic banking, finance and insurance, the committee consulted experts from Harvard University’s Islamic Forum, University of Durham in Britain, the National Commercial Bank of Saudi Arabia and several other institutions, the official added.

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