Interest-free banking inevitable for India – Justice V.R. Krishna Iyer Memorandum to the Prime Minister released
ICIF Delegation with Dr Raghuram Rajan, Governor RBI
ICIF delegation meeting Dinesh K Khara, MD & CEO SBI FUND Management Pvt Ltd & other senior officials
Press meet after Muslim MPs meet to discuss the case of Islamic Finance
ICIF Delegation submitting memorandum to Shri Rajiv Takru IAS, Secretary Financial Services.
ICIF delegation meeting Mr. Gaston Stronck, Ambassador Luxembourg
ICIF Delegation with Mr. Anand Sinha, Deputy Governor, RBI
ICIF delegation visiting BASIX office at Mewat Haryana
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Welcome to ICIF

Introduction

Indian Centre for Islamic Finance (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 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. On other hand, it is

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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

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The Islamic Finance Model

The Islamic economic model has been developed over time, based on the rulings of Sharia on commercial and financial transactions. The Islamic financial framework, as seen today, stems from the principles developed within this model, some of which are outlined below: • The Islamic economic model emphasises fairness. This is reflected in the requirement that everyone involved in a transaction makes informed decisions and is not misled or che

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Testimonials

  1. THE FRONTLINE- OCT 23, 2009

    For the first time a debate over real economic issues concerning the Muslim community is taking place and a demand is gradually emerging that the government should take specific measures to introduce ...

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