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21 August 2013

IIM Kashipur announces first MDP on Islamic Banking & Finance in Delhi

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IMO News Service

Kashipur/New Delhi: IIM Kashipur has announced a new MDP titled “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 in areas such as microfinance, consumer finance and FDI 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.”

The Indian Institute of Management Kashipur has been set up by Ministry of HRD, Government of India and belongs to elite leagues of IIM’s in India. IIM Kashipur was set up with the objective of imparting quality management education while sensitizing students towards the needs of the society. IIM Kashipur commenced operations from July 2011. The institute offers its flagship two‐year Post Graduate Program in Management (PGPM). The rigorous curriculum seeks to instill a passion for knowledge and ability to apply that knowledge to real life scenarios.

The institute is gearing up to launch innovative programmes, such as Executive PGP and Executive Fellow programme (equivalent to PhD). This places the institute at a vantage point when it comes to ‘Learning by Doing’ via frequent industry interactions and live projects. Infinity Consultants is a Shari’a‐compliant advisory firm based out of Bangalore focused on developing Islamic finance solutions in India and delivering advisory solutions to promote investments between India and the Middle East. Infinity is at the forefront of providing Islamic finance training and certifications in India through its partnership with Ethica Institute of Islamic Finance, UAE and has conducted awareness programs on this topic in various institutions across the country. Infinity has also pioneered the establishment of Zayd Chit Funds Pvt. Ltd., India’s first Shari’a‐compliant chit fund company governed by The Chit Funds Act of 1982.

For further information contact:

• Dr.Baharul Islam – Chairperson (Planning and Development), IIM Kashipur

• Irfan Naheem – Manager, Infinity Consultants

Tel: +91-5947-262177|Email: chairpnd@iimkashipur.ac.in

Tel: +91 90357 71177, Email:training@infinity-consult.com

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