Aligarh: (India Tomorrow) A little over a week after a committee of India’s federal bank recommended opening of interest-free window in commercial banks, the Aligarh Muslim University and Bombay Stock Exchange have decided to jointly organize an international conference on interest-free banking in April this year in Mumbai. AMU and BSE took the decision at the visit of a BSE delegation to the university on Saturday.
RBI Committee on Medium Term Path for Financial Inclusion headed by Deepak Mohanty released its report on 28th Dec 2015 to increase financial inclusion in India. One major recommendation is opening interest-free windows in existing conventional banks.
A three-member delegation from Bombay Stock Exchange Institute Limited visited AMU to discuss certain issues pertaining to trade, commerce and banking.
“It was decided in the meeting that an exchange programme will be mooted between AMU and the BSE Institute and some selected programmes will be run with mutual participation of the two. It was also decided that BSE Institute would provide study material to AMU and AMU teachers will go to BSE Institute, Mumbai to take its courses,” informed Dr. Rahat Abrar, Consultant, Public Relations, AMU.
BSE Institute offers a number of short term and certificate programmes in Stock Market, Financial Modelling, Risk Management, Capital Market, Investment Banking, Islamic Finance and Capital Market, Foreign Exchange Risk management, Mutual Funds, Taxation etc.
BSE delegation was headed by Vinod Nair, Head, Academics and Product development, BSE Institute while AMU was represented by Pro-Vice Chancellor Brig. S. Ahmad Ali.
“AMU and BSE Institute have also agreed to jointly organize an International Conference on Interest-Free Banking at Mumbai in the month of April 2016,” said Dr Abrar.
The three-member BSE Institute team included Vinod Nair, Nadeem Alam, Head, International and Customised Programme and Islamic banking expert Shariq Nisar.