Allah will deprive usury (interest) of all blessing, but will give increase for deeds of charity: For He loveth not creatures ungrateful and wicked. (Holy Qur'an 2:276)
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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 networking the individuals and institutions working in this field to collectively present before the regulators, businessmen, bankers and the political leaders to accommodate Islamic banking along with conventional banking. To achieve above objectives, it has conducted several m

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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 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 discus

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Asian growth attracts Shariah banks from Gulf
11 Aug 2010, 0303 hrs IST,Bloomberg SINGAPORE: Al Salam Bank BSC, Bahrain’s fastest-growing lender by revenue in the past year, plans to invest $500 million of Islamic funds in Asia, joining Saudi Arabia’s Al Rajhi Group in tapping the region’s growth. Al Salam B...

The banking woes of an "excluded" community
Friday, Jul 30, 2010, Vidya Subrahmaniam Banks have designated red zones where the vast majority of Muslim clusters fall. This fact is confirmed by the rash of banking-related complaints received by the National Commission for Minorities. A little over a year ago, Ali Arshad, a resident of Ok...

CALL FOR PAPERS - INTERNATIONAL SEMINAR ON ISLAMIC FINANCE IN INDIA: PRODUCTS, INSTITUTIONS & REGUL...
CALL FOR PAPERS INTERNATIONAL SEMINAR ON ISLAMIC FINANCE IN INDIA: PRODUCTS, INSTITUTIONS & REGULATIONS October 04-06, 2010   Kochi, India  Enhancing financial inclusion is an important goal of regulators and policy makers across the globe. This assumes greater signifi...

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