Malappuram based Ma’din Academy will offer bachelors and masters program in Islamic Banking and Finance.

, 11:22 AM IST

Ma’din Academy to introduce Islamic Banking and Finance higher education program in India In yet another novel initiative, Malappuram based Ma’din Academy will offer bachelors and masters program in Islamic Banking and Finance. The curriculum and course structure of the program, designed by the prestigious International Islamic University Malaysia (IIUM) will commence from September 2016.

With a business turnover value over 2 trillion dollars and recognition in more than 75 countries, Islamic banking as an academic study looks promising and opens up plethora of potential opportunities. However, there is a dearth of faculty to deliver quality teaching in this field at the moment. Through this initiative, academy looks to negate this shortcoming and to assist economic growth of India by introducing Islamic Banking to the Indian financial system. Islamic Banking is growing at a faster pace than conventional banking industry with an annual growth rate of over 17% registered each year.


Thus, Islamic banking assumes alarming importance in the Indian economy with an optimistically promising outlook of financial possibilities in the Indian financial market. For a start, about 100 students will be taking the under graduate and post graduate courses in Islamic Banking and Finance , on a full-time or part-time basis. Lecturers from IIUM’s Institute of Islamic Banking and Finance would be involved in conducting the programme at Ma’din Academy.

Students will be trained one month per year at International Islamic University Malaysia in Kuala Lumpur. Upon successful completion of this program, a prospective student will be exposed to wide ranging placement opportunities in the Islamic Banking sector, which is well established in the Gulf and ASEAN countries. International Islamic University of Malaysia (IIUM) Rector, Dr. Zaleha Kamaruddin and Ma’din Academia for Research and International Studies Director General , Dr. K.K.N Kurup signed an MoA to commence Islamic Banking courses in India and in the Gulf countries.

The ceremony was held at IIUM campus Kuala Lumpur in the presence of Tan Sri Dr. Rais Yatim, President of IIUM and socio- cultural Advisor to Malaysian government and SayyidIbrahimul Khaliul Bukhari, founder and chairman of Ma’din Academy. For further queries, please feel free to contact : +919895237288, +919744431719 Email : [email protected]