Source: Indiaprwire

Ethica Institute of Islamic Finance, the world’s most heavily-enrolled Islamic finance certification institute, teamed up with their exclusive partner in India, Infinity Consultants to recently deliver “Achieving Financial Inclusion for Muslims in India – How Can Islamic Finance Help?”, a live talk presented by Saif Ahmed, Managing Partner at Infinity Consultants.

Bengaluru, Karnataka, December 11, 2012 /India PRwire/ — Ethica Institute of Islamic Finance, the world’s most heavily-enrolled Islamic finance certification institute, teamed up with their exclusive partner in India, Infinity Consultants to recently deliver “Achieving Financial Inclusion for Muslims in India – How Can Islamic Finance Help?”, a live talk presented by Saif Ahmed, Managing Partner at Infinity Consultants.

The webinar, which was attended by professionals and students from eight countries, introduced a refreshingly new dimension to the topic of financial inclusion in India for Muslim, the country’s largest religious minority. Saif Ahmed stated that despite the Indian Government’s strong push towards financial inclusion, the unique and growing requirement by Muslims for financial products and services that are in conformity with Islamic law has been missing from discussions and policy initiatives from all the players concerned. The Sachar Committee report of 2006 proves that Indian Muslims are more financially excluded than the rest of the population; however the real reason for this gap Saif explained is that Muslims are increasingly becoming averse to interest-based products and services as they go against the tenets of their faith – a point raised by the present Chief Economic Advisor to the Government, Dr. Raghuram Rajan back in 2008. Read more