The Aligarh Muslim University will be offering a course on Islamic Banking and Finance from the next academic year onwards. Vice Chancellor, Professor P K Abdul Azis had a detailed discussion recently with a team of experts consisting of Dr. Mohammad Nejatullah Siddiqui, former AMU Professor and a well-known expert on Islamic Banking and Finance, Mr. Sayed Mohammad Beary and Dr. Shariq Nisar of Bearys Amnah Investments Pvt. Ltd., Bangalore regarding the commencement of the course on Islamic Banking and Finance, said Dr. Rahat Abrar, Public Relations Officer AMU said in a statement on May 23.
The meeting noted the 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 PG Diploma 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 AMU.
The Vice Chancellor has constituted a high power committee consisting of Dr. Mohammad Nejatullah Siddiqui (Chairman), Dr. Shariq Nisar (Bearys Amnah Investments 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 summit its report within two months.