By Neena Bhandari
Melbourne, 27.08.2008 (IANS): The first ever Islamic Banking and Finance Master’s course to be offered by La Trobe University in Australia has at least some overseas Indian students excited about future prospects in this fast-growing segment of global finance.
“I am very excited that the university will be offering a course in Islamic Banking and Finance (IBF). By learning about Islamic commercial laws, I can help people of my community in their development”, Mohammed Rizwanuddin from Hyderabad, who is nearing completion of a two-year Master of Professional Accounting at La Trobe University, told IANS.
“As the concept of `interest’ is considered `haram’ in Islam, there are many Muslims who need financial support for their progress. I feel that Islamic commercial law can overcome this problem”, adds Rizwanuddin, who would like to return to India and help his community despite good job prospects in Australia and the Middle East.