Institute of Islamic Banking Finance & Insurance (IIBFI), Started in 2011, Head Quartered at Chennai, India, are pioneers of introducing Islamic Banking Finance & Insurance Online courses. We want to cater to needs of Islamic Banking and Finance industry and with the ambition to become a hub for Islamic Economics.
We Welcome you to contact us for any training needs either for Individuals or for groups., we will happy to serve you.
To contribute to the human capital development in Islamic Banking and Finance through the provision of :
- Quality education,
- Applied research and community service as well as promotion of best practices in this area using virtual learning environment,
- Supporting the pursuit of lifelong learning,
- Providing unique learners experience and growing knowledge and its dissemination through excellence in research and knowledge.
IIBFI is also dedicated to student learning and committed to service and excellence.
What is Islamic Finance ?
Islamic Banking and Finance, also known as ethical banking, Shariah Compliant Banking, interest-free banking or as special finance, has reached the shores of more than 175 nations of the world. Surprisingly the nations who have taken keen interest in promoting this concept also include hardcore secular and developed nations such as UK, USA, France, Germany, Singapore etc. Robust performance of Islamic Banking and Finance sector during the recent financial crisis has added to its allure. Emergence of green and ethical movement has further contributed to euphoria surrounding Islamic banking. IMF and the World Bank have come up with researches that find Islamic banking and finance more stable in comparison with the current form of banking practiced across the globe.
Many Muslim nations of the Middle East and Far East have made substantial progress in promoting Islamic Banking and Finance in their jurisdictions through favorable taxation and other policy supports. Western Nations such as UK, on the other hand promote Islamic Banking through the slogan of “No favor but No discrimination”.