O you who believe! Eat not Riba (usury) doubled and multiplied, but fear Allah that you may be successful (Holy Qu'ran 3:130 )
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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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News & EventsView More >>
REUTERS: UPDATE 1-Group launches first Islamic interbank benchmark
    UPDATE 1-Group launches first Islamic interbank benchmark * Provides sharia-compliant alternative to LIBOR * May be used to price range of Islamic instruments * Rates contributed by 16 institutions * Tenors range from overnight to 1 year * Faces obstacles to widespread...

IBN LIVE : Kerala plans low-cost airline, Islamic banking
New Delhi: Kerala has not given up on a proposal to start an airline of its own, particularly to provide low-cost options to its vast diaspora in the Gulf, and will soon pursue this with the central government, Chief Minister Oomen Chandy has said. "We are at the moment concentrating on ou...

Businessline : ‘ Islamic banking has emerged a viable source of financing'
VINSON KURIAN Notwithstanding India's seemingly linear growth as reflected in the GDP year after year, the number of the poor living below poverty line has only increased. Household income has declined while corporate income has consistently headed North. The fruits of growth, in this manner, s...

Recommendations emerged from Reaching Banking and Financial Services for Minorities conclave
(From L to R: Anjani Sinha, Managing Director & CEO, National Spot Exchange Ltd ; Smita Premchander, Secretary, Sampark ;Shashi Singh, Chairperson, Consortium of Women Entrepreneurs of India ; Wajahat Habibullah, Chairman, National Commission for Minorities ; Mohd Ilyas Rizvi, Vice Chairman an...

Kashmirdispatch.com: Introduce Islamic Banking: Mirwaiz tells JK Bank
FRIDAY, 12 AUGUST 2011 21:52 SRINAGAR: KDNN   Calling for abolition of ‘interest-based’ banking, Hurriyat Conference (M) chairman Mirwaiz Umar Farooq Friday pitched for introduction of Islamic banking in Kashmir, appealing people to switch to non-interest beating accounts for th...

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