The Annual General Body meeting of Indian Centre for Islamic Finance (ICIF) was held at its office in the national capital on June 30 to take stock of the prevailing Islamic financial situation, progress made, and to formulate guidelines and roadmap for the next financial year and to analyse the challenges ahead.
Proceedings of the meeting were read out by ICIF manager Jazeel Abdul Wahid which was approved and ratified by the Trustee members. ICIF General Secretary H Abdur Raqeeb presented 2018 activity report and Dr. Javed Ahmed Khan, President of ICIF presided over the proceedings. All the Trustee members unanimously endorsed the idea put forward by Shariq Nisar that given the reputation the ICIF has earned over the years in RBI, government, various other stakeholders and the community, the ICIF should play a proactive role to ensure that that there is no vacuum left for others to exploit the situation.
The proposed activities are: ICIF will publish literature, conduct conferences, symposia and short videos on Financial Literacy and Awareness about Ponzi schemes. ICIF will take an initiative to create a new Research Scholar Network and Young Professional Network as an initial step to conduct National Level Seminar on Islamic Finance for research scholars at Metropolitan cities, Introduce Learning Management system- Digital Library where researchers and students can access Islamic Finance E-books, Papers and Presentations, online Q&A sessions, Webinar, Online Workshops and short term certification programmes in association with universities in India, etc.
ICIF will engage with Muslims and Non-Muslims organizations, Educational Institutions like: Central Universities, Madrassas and Private Universities to include Islamic Finance as their Agenda. To popularise the message and the need for Islamic Finance and to create financial literacy through Friday Khutbas, ICIF will organise an International Zakat conference in consultation with Islamic Fiqh Academy, Academic Conference on Takaful (Islamic Insurance) at Jamia Hamdard in association with Asean Institute of Insurance and Risk Management –AIIRM.
Dr. Mohammed Nejatullah Siddiqi, Dr. Javed Ahmed Khan, H. Abdur Raqeeb, Mr. Muhammed Jafar, Mr. Rafeeq Ahmed, Dr. Waquar Anwar, Dr. Rahmatullah Abdul Ahad, Dr. Shariq Nisar, Dr. Javaid Akhtar, Mr. Khurshid Ahmed Najmi and Mrs. Zainab Ahsan shared their views and experiences.
Dr Nejatullah Siddiqi, a noted expert in Islamic Finance, concluded the session and requested for more active participation and co-operation from the Trustees. Mr. Rafeeq Ahmed, Treasurer ICIF proposed vote of thanks.