Active TopicsActive Topics  Display List of Forum MembersMemberlist  CalendarCalendar  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin  Old ForumOld Forum  Twitter  Facebook
Advertisement:
         

Islamic Finance
 IslamiCity Forum - Islamic Discussion Forum : Religion - Islam : Islamic Finance
Message Icon Topic: Kerala will host global Islamic finance conference Post Reply Post New Topic
Author Message
mohsin_mk
Male Islam
Newbie
Newbie
Avatar

Joined: 14 September 2009
Location: India
Online Status: Offline
Posts: 10
Quote mohsin_mk Replybullet Topic: Kerala will host global Islamic finance conference
    Posted: 15 September 2009 at 3:09am
http://www.arabnews.com/?page=6§ion=0&article=126192&d=8&m=9&y=2009


The Middle East's Leading English Language Daily


Kerala will host global Islamic finance conference next month
P.K. Abdul Ghafour | Arab News

     

Hussein Madavoor, center, addressing the press conference in Jeddah. (AN photo)     
     
JEDDAH: An international conference on Islamic finance and interest-free banking will be held in Farook College in Calicut on Oct. 3-4 with the support of the Jeddah-based Islamic Development Bank (IDBA) and Kerala State Industrial Development Corporation (KSIDC).

The conference, organized by the post-graduate department of Rouzathul Uloom Arabic College (RUAC), will be historic as it comes at a time when financial experts and investors are seeking effective solutions to the global crisis, said Hussein Madavoor, principal of RUAC.

About 200 delegates from India and abroad will take part in the two-day conference. “We have invited IDB President Ahmed Muhammad Ali,” Madavoor told a press conference at Al-Noor Medical Center in Sharafiya. Apart from finance ministers, bankers and economists, commerce department students and teachers will also be invited to the conference.

Most people in India and elsewhere in the world are still unaware of the features and benefits of Islamic banking and finance, said Madavoor, a member of Kerala State Wakf Board, while highlighting the significance of the conference.

“An American team of experts, which recently visited Riyadh to study prospects of Islamic finance, reached the conclusion that it is the right alternative to contain global financial crisis,” said Madavoor, a graduate of Umm Al-Qura University in Makkah.

The Reguram Committee, appointed by Indian Prime Minister Manmohan Singh, recommended the introduction of interest-free finance and advised the government to take measures for the delivery of the service on a large-scale, including through the banking system.

Madavoor said the conference would urge the Indian government to license institutions to provide Islamic banking and finance services and open degree courses in the subject. Such courses will create more job opportunities for Indians in the Gulf countries, he added.
Warm Regards,
Mohsin Khan
Mumbai, India
IP IP Logged
Post Reply Post New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Disclaimer:
The opinions expressed herein contain positions and viewpoints that are not necessarily those of IslamiCity. This forum is offered to stimulate dialogue and discussion in our continuing mission of being an educational organization.
If there is any issue with any of the postings please email to icforum at islamicity.com or if you are a forum's member you can use the report button.

Note: The 99 names of Allah avatars are courtesy of www.arthafez.com

Advertisement:



Sponsored by:
Islamicity Membership Program:
IslamiCity Donation Program  http://www.islamicity.com/Donate
IslamiCity Arabic eLearning http://www.islamiCity.com/ArabAcademy
Complete Domain & Hosting Solutions www.icDomain.com
Home for Muslim Tunes www.icTunes.com
Islamic Video Collections www.islamiTV.com
IslamiCity Marriage Site www.icMarriage.com