M A Majeed
The Institute for Islamic Banking and Finance
Could you provide a brief journey of how you arrived where you are today?
During this long span of my association with the world of Islamic banking and finance, I enjoyed a few rare privileges. I was invited by the Central Bank of Iran to study the country’s banking system.
Academically, I have pursued with great enthusiasm the subject of Islamic banking and finance since its early days. In the process, I attended the orientation program at The Islamic Foundation, Markfield in Leicester, the UK. I was invited to the silver jubilee of Islamic Development Bank in Jeddah, Saudi Arabia, where I had met leading financial and Shariah experts.
While traversing this journey, I was able to assess the emergence of this field on the global stage, the probable dearth of manpower, skilled human resources and the ever-growing demand for educated and trained professionals in Islamic banking and finance. This motivated me to establish the institute in 1996 as an equal-opportunity education and training center of excellence.
What does your role involve?
The course is designed, updated and revised under my supervision by an academic council assisted by the faculty team. I interact with various institutions and universities to create awareness on the subject.
What is your greatest achievement to date?
Which of your products/services deliver the best results?
What are the strengths of your business?
What are the factors contributing to the success of your company?
What are the obstacles faced in running your business today?
Where do you see the Islamic finance industry, maybe in the next five years?
Name one thing you would like to see change in the world of Islamic finance?
The Institute for Islamic Banking and Finance is India’s maiden attempt at institutionalizing education at all levels in Islamic economics, banking and finance. IIBF is a registered non-profit, equal opportunity, professional, educational research and training institution that is independent, non-affiliated to any university nor accredited to retain complete academic autonomy and intellectual independence regarding course content, methodology and orientation.