By TCN News
New Delhi: Indian Institute of Management (IIM) Kashipur has announced a new Management Development Program on “Islamic Banking & Finance” that is to be held at the India Islamic Cultural Center in New Delhi on August 24-25, 2013.
The program is the first such executive course offered by a leading business school in the country on Islamic banking, which is considered the largest alternative financial system in the world today, growing at double digit growth rates with a presence in 75 countries and a total size of approximately of $2 trillion.
The program is designed to give participants a thorough grounding in the key concepts, products and applications of Islamic banking and finance along with an understanding of the latest developments in this industry and ideas for its implementation in India.
Announcing this initiative, Prof. K.M. Baharul Islam, Chairperson (Planning and Development) at IIM Kashipur explained the need for such a program in India given the huge interest in this subject among various sections and the growing demand for Islamic finance and banking solutions in the country. The program will be conducted in partnership with Infinity Consultants, a Bangalore based advisory firm focused on training and development of Islamic finance in India.
Commenting on the program, Saif Ahmed a former Islamic banker and Managing Partner with Infinity Consultants stated that “India offers a huge potential to develop innovative Islamic finance solutions that are based on ethical foundations in areas such as microfinance, consumer funding and cross border Shari’a compliant infrastructure investments within existing regulations, and for this we need qualified human capital that this program seeks to develop. We are very excited about partnering with IIM Kashipur on this new venture and hope to conduct similar programs going forward.”
Course content:
Day 1:
A. Introduction to Islamic Law (Shari’a)
B. Introduction to Islamic Finance
C. Islamic Banking & Finance Industry
D. Structure of Islamic banks
E. Musharakah: Islamic Business Partnerships
F. Mudrarabah: Islamic Investment Partnerships
Day 2:
H. Murabaha: Cost Plus Financing
I. Salam & Istisna: Forward Sales and Manufacturing Contracts
J. Sukuk: Islamic Securitization & Islamic Capital Markets
K. Liquidity and Risk Management in Islamic Banking
L. Islamic Insurance (Takaful)
M. Islamic Banking & Finance Prospects in India
For further information contact:
• Dr. Baharul Islam – Chairperson (Planning and Development), IIM Kashipur
Tel: +91-5947-262177 | Email: [email protected]
• Irfan Naheem – Manager, Infinity Consultants
Tel: +91 90357 71177, Email: [email protected]