The Faculty of Management Studies and Research (FMSR) and Department of Business Administration (DBA) of Aligarh Muslim University (AMU) come up with a MBA programme in Islamic Banking and Finance.
Prof. Valeed Ahmed Ansari, who is the Dean of FMSR said that a big portion of the population in India is away from the banking system. They need to be encouraged for banking for the financial development of the country and Islamic Banking is the way to encourage them. He spoke about the challenges in the implementation of the Islamic Banking System in India in the current scenario during the inaugural ceremony of MBA- Islamic Banking and Finance
Prof Parvaiz Talib said that this project has the potential to set a new venture in the banking systems and add to the endeavours to bring the marginalised community in the banking system.
Mr M.H. Khatkhatey was the Chief Guest for the event, he expressed his hopefulness about the initiative . He recognised the gap between theory and practice and emphasised on the need for interaction of students with the renowned scholars of Islamic Banking and Finance in India and abroad.
The Chairman and MD of Octaware Technologies, Mumbai, Mr Aslam Khan started the workshop with a design thinking session with the students.
The General Secretary of Indian Centre for Islamic Finance, Mr H Abdul Raqeeb delivered a speech on the logic of having Islamic Bank in a secular country. Mr. Aslam Khan, on the other hand, discussed entrepreneurship in finance with students.
The topic of current trends in the global and Indian context was discussed in a panel discussion set up after the speeches.
A high ranked official of AMU put light on the fact that the full-time MBA course was started after seeing the increasing interest in the Islamic Banking.The university authorities are hopeful that the product generated from the course in AMU will contribute to the banking sector of India to a large extent.