MBA in Islamic Banking and Finance starts at AMU

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ALIGARH : To mark the launching of the two-year MBA (Islamic Banking and Finance) programme at Aligarh Muslim University, from the current academic session, the Department of Business Administration (DBA), Faculty of Management Studies and Research (FMSR) organized the inaugural function with Mr M H Khatkhatay (MD, Rehbar Financial Consultants, Bangalore) as the chief guest.

Addressing on the occasion, Mr Khatkhatay appreciated AMU’s initiative to start this course and urged the department to work for bridging the gap between theory and practice. He said that eminent scholars and practitioners of this field should be invited regularly to interact with the students.

Earlier welcoming the guests, Prof Valeed Ahmad Ansari (Dean, FMSR) spoke on ‘Vision of Islamic Banking and Finance’. Identifying challenges in implementing the Islamic Banking in India, he said that still a large part of society is left out of the banking system and Islamic Finance will be a reliable answer to problems existing in our economy.

Prof Parvaiz Talib (Chairman, DBA) shed light on the efforts in drawing a curricula for the MBA (Islamic Banking and Finance Programme). “This course has a potential to develop a lead position in the finance sector and as department, we see ourselves creating a league especially for our own marginalized community”, he added.

In his presidential remarks, Prof Hakim Syed Zillur Rahman (Honorary Treasurer, AMU) appreciated department’s efforts to upgrade its stature among management institutes in the country.

MBA first year student, Abdullah Tarin proposed a vote of thanks.

Later, as part of the launching celebration, a two-day workshop was organized by Dr Shariq Nisar (Rizvi Institute of Management Studies and Research, Mumbai) bringing a rich panel of scholars to discuss various aspects of Islamic banking and finance and proposing problems to practical problems.

Mr H Abdul Raqeeb (General Secretary, Islamic Centre for Islamic Finance, New Delhi) delivered a talk on ‘Islamic finance in a secular country- Does it make sense?’, while Mr Aslam Khan (CEO, Octaware Technologies Ltd, Mumbai) discussed different contours of ‘Entrepreneurship and Islamic Finance’.

A panel discussion on “Current trends and opportunities in the global and Indian context” was also held as part of the workshop, followed by a quiz arranged by the students of the newly launched programme.

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