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Kochi: An international seminar
on Islamic finance will be held in Kochi on October 4, 5 and 6,
2010. The seminar is organized by the Islamic Research and Training
Institute (IRTI) of the Islamic Development Bank Group and the Al Jamia al Islamiya (Islamic University) Kerala.
Papers
have been invited for the seminar. An essay competition too has been
announced.
An organising committee has been formed for the event with Justice
VR Krishna Iyer as the Chief Patron and famous NRIs Dr P Muhammedali
Gulfar and PV Abdul Vahab as patrons.
Other
prominent members are H Abdur Raqeeb (chairman), Dr Abdussalam Ahmed
(general convener), Js Abdul Gafoor, Prof MD Nalappat, Js PK
Shamsudheen, HE Muhammed Babu Sait, T Balakrishnan IAS, Prof KA
Siddiq Hasan, Thodiyoor Muhammed Kunhi Moulvi, etc.
Papers are invited on the topic ‘Islamic Finance in India: Products,
Institutions and Regulations’ and must be submitted by August 15,
2010. They must be original contributions and written in English.
The papers are expected to focus on Shariah issues, organizational
issues, products, models and structures, regulatory and policy
issues etc in relation with components such as companies, insurance
companies, investment funds, venture finance providers, microfinance
providers, zakat and waqf institutions, securities markets and
infrastructure investment etc. Though the papers are expected to be
India-focused, those highlighting the lessons from Islamic finance
experiments from across the globe would also be encouraged.
Those papers for presentation will be selected by qualified
individuals and the presenters will be informed within August 31,
2010. Travel and accommodation expenses of one author of a selected
paper will be met by the IRTI. The organizers of the conference will
also help arrange visas and accommodation facilities for
international participants.
The academic contacts for the submission of papers are Dr Mohammed
Obaidullah, of the Islamic Research and Training Institute, who can
be contacted at rdivision@isdb.org or 966 2 6378927 (fax) and Dr
Abdussalam M, Director of the Al Jamia al Islamiya Kerala, who can
be contacted at mail@aljamia.net or 91 4933 270565 (fax).
The guests expected to attend the seminar include Dr. Omar Chapra
(Saudi Arabia), Dr. Mohammed Obaidullah (IDB), Dr. Bambang
Brodjenegoro, Dr. Monzir Kahf (USA), Dr. Nazim Ali (Harward), Dr.
Ali Quradagi ( Qatar), Dr. Hussain Hamid Hassan (UAE), Dr. Nizam
Yakuby (Bahrain) and Dr. Ausaf ahmad (Delhi). The target audiences
include representatives from regulatory bodies, professional
organizations, Business associations, business houses, chamber of
commerce and industry, foreign and Indian financial institutions,
universities and social activists.
The essay competition too held as part of the seminar is open to all
Indians. The topic of the essay is ‘Islamic Finance in India:
Prospects and Challenges’. The contestants should provide their full
postal addresses, occupation details and contact numbers along with
the entries.
The
essays should reach before 10th September, 2010 at the address -
Essay@ISIFK, Al Jamia Al Islamiya Santhapuram, P.O. Pattikkad 679
325, Malappuram District Kerala – India. Entries can also be mailed
to essay@isifk.com.
Islamic finance and banking are successfully practiced in several
countries across the world. Though Islamic banking is not being
practiced in India, discussions on introducing the same are going
on. Amendments are required to be made in the Reserve Bank
regulations to introduce the system in the country and efforts are
reportedly going on on the matter also. Kerala government has taken
the initiative to begin a non-banking financial institution based on
the principles of Islamic finance as Islamic bank as such could not
be made operational at present.
http://www.isifk.com
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