RBI has permitted opening of Islamic finance windows in commercial banks of India. This indicates that Islamic banking and finance may shortly find ground in India on a large scale. Moreover, Islamic Development Bank through its subsidiary – ICD proposes to start a venture in Gujarat for which an MOU has already been signed. Please click on the links mentioned below for the newspaper reports.
The Hindu | Deccan Chronicle | Indian Express
The Institute of Islamic Banking and Finance incorporated with the Government of Andhra Pradesh at Hyderabad, India under Public Societies Registration Act 1995 is the country’s maiden attempt at institutionalizing education at all levels in the field of Islamic Economics, Banking and Finance.
The Institute is a Not for Profit, Equal opportunity, professional educational research and training institution totally independent, non affiliated to any university nor accredited to retain complete academic autonomy and intellectual independence regarding course content, methodology and orientation.
A number of universities from India and abroad approach the Institute requesting to affiliate and get the Diploma included in the courses offered by them or to offer franchise. The Institute does not accept such requests to retain it’s independence.
The Dean has the sole discretionary power to design, modify, alter the course content, method of delivery of course curriculum with suggestions from distinguished faculty and an academic council.