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Follow on Google News | Islamic Finance Training Comes to India: Ethica Grants Country Exclusivity License to Indian PartnerEthica Institute of Islamic Finance grants exclusive marketing and reselling rights to India-based Infinity Consultants
Bids for the much sought after Ethica country exclusivity license began last year and were concluded recently. Other country exclusivity licenses currently under discussion include ones for Pakistan, Oman, Australia, Nigeria, France, and Germany. Ethica is currently offered in 43 countries and this will be the first time a partner has the right to exclusively sell Ethica to an entire country. Ethica’s entry into India may be a critical turning point for bringing Islamic finance to a growing economic powerhouse with over 150 million Muslims. In the industry, only Ethica’s e-learning platform is 100% online and fully AAOIFI-compliant. That means whether Ethica is training one user, a group of college students, or the entire staff of a bank, training duration remains only 4 months. For a country with limited professionals trained in Islamic finance, the Ethica-Infinity partnership could prove historic. Saif Ahmed, Managing Partner at Infinity and a former Islamic banker said, “In less than 4 months, Indian residents now get a globally recognized certificate in Islamic finance at a cost that is affordable from the comfort of their own home or office – something which was not possible before. This is a critical step for Shariah-compliant liquidity to find its way into India through infrastructure and private equity investments.” Ethica is also launching special pricing for Indian residents, now available at www.EthicaInstitute.com/ Ethica’s spokesperson said, “In the aftermath of the global financial crisis, governments around the world recognize the precariousness of purely conventional capital markets and the need for asset-backed, equity-based finance. If India is going to attract Shariah-compliant investment at this critical time, when Gulf liquidity is fast making decisions about where to go next amid a growing Euro crisis, it will first have to train its professionals in AAOIFI-based Islamic finance.” About Infinity Consultants Infinity Consultants (www.infinity- About Ethica Institute of Islamic Finance Winner of “Best Islamic Finance Qualification” # # # Ethica Institute of Islamic Finance™ is the world’s only accredited institute delivering Islamic finance training and certification 100% online. End
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