Aligarh Muslim University officials noted the presence of a number of banking enterprises working on Islamic banking principles. Looking at the employment potential, the University has decided to offer a PG diploma course in Islamic banking & finance..THE ALIGARH Muslim University (AMU) will be offering a course on Islamic banking and finance from the next academic year onwards. Vice chancellor, professor PK Abdul Azis, recently had a detailed discussion with a team of experts consisting of Dr Mohammad Nejatullah Siddique, former AMU professor and a well known expert on Islamic banking and finance, Sayed Mohammad Beary and Dr Sariq Nasir of Bearys Amnah Investments Pvt Ltd, Bangalore, regarding the commencement of the course.
The meeting noted rapid changes taking place in the banking arena, both within India and abroad, moving towards principals that guide Islamic banking and finance management systems. The meeting noted the presence of a number of banking enterprises in India working on Islamic banking principles and the segment is poised for rapid growth. In the context of the emerging growth and employment potential, the University has decided to offer a post graduate (PG) diploma course in Islamic banking and finance from the next academic year onwards. Dr Azis said that University would also consider the possibility of establishing a new department dedicated for this branch in the Aligarh Muslim University.
The vice chancellor has constituted a high power committee consisting of Dr Mohammad Nejatullah Siddiqui (chairman), Dr Shariq Nisar (Bearys Amnah Investment Pvt Ltd, Bangalore) and Dr Javed Akhtar, chairman, department of business administration, AMU, to prepare a detailed proposal for commencing this programme. The committee is expected to submit its report within two months.
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