AMU to offer course on Islamic banking

May 24th, 2008 - 10:04 pm ICT by admin  

Lucknow, May 24 (IANS) Taking into account global trends and job opportunities in the sector, the Aligarh Muslim University is set to offer a course on Islamic banking and finance from the next academic year, said an AMU official Saturday. “For the commencement of the course, AMU vice chancellor P.K. Abdul Azis had a detailed discussion recently with a team of experts consisting Mohammad Nejatullah Siddiqui, former AMU professor and a well known expert on Islamic banking and finance, Sayed Mohammad Beary and Shariq Nisar of Bearys Amnah Investments Pvt. Ltd., Bangalore,” university spokesman Rahat Abrar told IANS on telephone from Aligarh.

He added the discussion noted the rapid changes taking place in the banking sector both in India and abroad, and trends towards principles that guide Islamic banking and finance management systems.

“The meeting noted the presence of a number of banking enterprises in India working on Islamic banking principles and the segment is poised for rapid growth,” he said.

In the context of the emerging growth and employment potential, AMU has decided to offer a postgraduate diploma in Islamic banking and finance from the next academic session, he added.

the official said the university administration would also consider the possibility of setting up a new department dedicated for Islamic banking.

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