Munich Personal RePEc Archive

Teaching Islamic finance in madaris – need, difficulties and solutions

Islahi, Abdul Azim (2009): Teaching Islamic finance in madaris – need, difficulties and solutions. Published in: Teaching Islamic Economics and finance at Islamic Schools in India, New Delhi, Ifa Publications, edited by Ausaf Ahmad (2010): pp. 51-68.

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At present Islamic banking and finance has become a fast growing discipline. It ia the most practiced part of Islamic economics. At the same time there is increasing gap between the supply of and demand for the experts in the field. In spite of having advantage of teaching Islamic economics and finance, Islamic schools have not paid due attention to this subject. The paper emphasizes that to learn and teach Islamic economics and finance is the double responsibility of madaris. It will add to the credibility and insight of those qualified from madaris. They will not only be able to prove their worth but their demand in these financial institutions will also increase. In this way they will be able to check the deviations that have crept into these institutions which is a religious obligations on them as they are the inheritors of the Messengers. The paper provides an outline of such a course.

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