The Aligarh Muslim University and Bombay Stock Exchange have decided to jointly organize an international conference on interest-free banking in April this year in Mumbai. AMU and BSE took the decision at the visit of a BSE delegation to the university on Saturday.

RBI Committee on ‘Medium Term Path for Financial Inclusion’ headed by Deepak Mohanty released its report on 28th December, 2015 to increase financial inclusion in India. One major recommendation is opening interest-free windows in existing conventional banks.

“AMU and BSE Institute have also agreed to jointly organize an International Conference on Interest-Free Banking at Mumbai in the month of April 2016,” said Rahat Abrar, Consultant, Public Relations, AMU.

A three-member delegation from Bombay Stock Exchange Institute Limited visited AMU to discuss certain issues pertaining to trade, commerce and banking.

“It was decided in the meeting that an exchange programme will be mooted between AMU and the BSE Institute and some selected programmes will be run with mutual participation of the two. It was also decided that BSE Institute would provide study material to AMU and AMU teachers will go to BSE Institute, Mumbai to take its courses,” informed Abrar,.

BSE Institute offers a number of short term and certificate programmes in Stock Market, Financial Modelling, Risk Management, Capital Market, Investment Banking, Islamic Finance and Capital Market, Foreign Exchange Risk management, Mutual Funds, Taxation etc.

BSE delegation was headed by Vinod Nair, Head, Academics and Product development, BSE Institute while AMU was represented by Pro-Vice Chancellor Retd. Brig. S. Ahmad Ali.

Those who are skilled but uneducated or those who are educated and unskilled can take the courses of the BSE Institute to make a good career in stock market and other corporate businesses, Ahmad Ali said indicating this provides opportunity for youth to get into equity business.