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Mumbai to
have school to teach Islamic investments
Sunday March 06, 2011 08:37:21 PM,
ummid.com News Desk
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Malegaon:
In order to educate Muslims about investments in various financial
sectors, including stock exchange, capital market and banking in
accordance to the principals of Sharia ( Islamic law), the Indian
business capital Mumbai will soon have an academy.
"Our experts and faculty will
educate youth on the Sharia-compliant companies where investment
can be done. We are in the process of finalizing the feasibility
of such a project," an Indian English daily quoted Imtiaz
Merchant, managing director of Pragmatic Wealth Management as
saying.
"The need for trained professionals on Islamic finance is dire
because globally, it is becoming an acceptable mode of investment.
And there are enough opportunities for individuals trained in
Islamic finance and banking," Times of India quoted Dr M Y Khan.
Dr. Khan, the chairman, Pragmatic
Wealth Management, is a visiting professor to several reputed
organizations, including International Monetary Fund (IMF).
Pragmatic Wealth Management Pvt. Ltd, a Mumbai Central-based firm
which gives guidance on how to manage wealth according to Islamic
laws is coming up with an academy where educated youth will be
encouraged to seek employment and do business in the financial
sector where participation of Muslims at present is shockingly
low.
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