By TCN News,
New Delhi: The website of the Delhi-based Indian Centre for Islamic Finance (ICIF) was yesterday launched by noted Islamic economist Dr. Fazlur Rahman Faridi. Dr Faridi, who is also Chairman of ICIF, appreciated the work done on the website and hoped people in India and abroad will utilize this facility.
He further said that the website will create awareness among the students, scholars and the regulators about the need and relevance of Islamic finance, which has emerged as a possible alternative after the financial Tsunami in the west.
Dr. Fazlur Rahman Faridi, Chairman, ICIF (sitting in the middle), H Abdur Raqeeb, General Secretary, ICIF (extreme right), Dr. Waquar Anwar, Trustee, ICIF (extreme left) and others
ICIF website http://www.icif.in/ has besides other information some research papers on topics related to Islamic banking and finance such as Takaful (insurance), Sukuk and Shariah.
Introducing ICIF on the occasion, H Abdur Raqeeb, General Secretary, ICIF, said his organization is lobbying for introduction of Islamic banking and financial system in India.
“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 the 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. It is networking the individuals and institutions working in this field to collectively present before the regulators, businessmen and the political leaders to accommodate Islamic banking along with conventional banking. For that it has conducted several seminars, workshops and interactive sessions and proposes to produce literature in English and Hindi apart from Urdu to create awareness among the masses,” he said.
“If London, Tokyo, Singapore, Hong Kong and Paris can become hub and house of Islamic Finance and Banking why not Mumbai?,” he wondered.
Dr. Faridi is one of the pioneers in the field of Islamic economics and finance in India. He is chairman of ICIF. Among the trustees of ICIF are Dr. Nejajatullah Siddiqui, King Faisal International Prize winner and pioneer of Interest Free banking in the world, Dr. Ausaf Ahmad, Syed Mohammed Jafar, Dr. Rahmatullah, Dr. Shariq Nisar, Syed Gulam Akbar, Dr. Obeidullah, Dr. Waquar Anwar, K M Abdul Salam, Noorullah Siddiqui and Abdul Rasheed.
Indian Centre for Islamic Finance
D-309, Abul Fazl Enclave,Dawat nagar,