Press Statements

Muslims to discuss development beyond Sachar in Mumbai is organizing a discussion on 'Towards economic empowerment of Muslims in India' in Mumbai in Hotel Taj President, this Saturday, December 17th, 2011
Mumbai, Dec. 14, 2011: Remedy for economic backwardness of Muslims in India, is usually searched in one or other affirmative action programs. But new beginnings are being made, taking advantage of enterprising-nature of the community along with available but untapped resources.

For the first time a group of business and community leaders will converge TCN Annual Event & Award Ceremony on Saturday, December 17, 2011, to discuss ways to economically empower Muslims by going beyond government schemes and handouts. It will be organized in Mumbai at Hotel Taj President, Cuff Parade from 10 AM to 4 PM.

Topics to be discussed: Promoting Muslim entrepreneurship, Alleviating poverty through Islamic finance, Market for ethical investors, Islamic micro-finance in India, Challenges of financial inclusion, etc.

The day-long program will be presided by Dr. Abusaleh Shariff who is the Chief Economist at National Council of Applied Economic Research (NCAER). Dr. Shariff was also the main force behind the Sachar Committee report and his presence in the program adds value to the agenda and vision of the event.

The Deputy CEO of Bombay Stock Exchange Ashish Kumar Chauhan will speak on the financial inclusion of Muslims and the role of financial intermediaries and Anjani Sinha, CEO of the Bombay Stock Exchange will speak on “Opportunities for Islamic Investors in Commodity Market.”

"Indian Muslims are charting their own path for development without much help from the government and despite of all the challenges that they face. Thus the theme of the convention is to find resources within and without that can help the community take advantage of the new and changing economic scenario," said Kashif-ul-Huda, editor of the website which is organizing this convention in Mumbai in Hotel Taj President, Cuff Parade.

About It is a 5-year old website that focuses on Indian Muslim issues and has made an impact at the national scene with stories like Batla House encounter, Forbesganj police-firing case, Exposing Narendra Modi advertisement, etc.

Programme Timing: 10am - 4pm
Place: Hotel Taj President, Cuff Parade, Mumbai
Chief Guest: Abusaleh Shariff (Chief Economic, NCAER)
Topics and speakers:
Promoting Muslim entrepeneurship: Shahid Sayed, Threshold India
Alleviating poverty through Islamic finance: Shariq Nisar, TASIS
Distribution of Shariah investment products: Syed Alauddin, Multigain
How to deepen the market for ethical investors: Waqar Naqvi, Taurus Mutual Fund
Islamic micro-fiance, is it doable in India? : Vijay Mahajan, Basix Finance
Opportunities for Islamic investors in commodity market: Anjani Sinha, National Spot Exchange
Challenges of financial inclusion and the role of financial intermediaries: Ashish Kumar Chauhan, Bombay Stock Exchange
Introducing Islamic banking in India, challenges and actions: Abdur Raqeeb, Indian Center of Islamic Finance.
Presidential speech: Abusaleh Shariff

TCN Annual Awards:
On the occasion, TCN Annual Awards 2011 will be presented. Young Gandhian activist Faisal Khan will receive TCN Person of the Year 2011 Award while Taqwaa Advisory and Shariah Investment Solutions Pvt. Ltd (TASIS) will get TCN Organization of the Year 2011 Award.

TCN Person of the Year 2011
Faisal Khan is a grass root activist associated with the National Alliance for People’s Movement (NAPM). He has been working for communal harmony and social cause for last one decade. The award is in recognition of his initiative to revive “Khudai Khidmatgar” (Servants for God’s Creation).

TCN Organization of the Year 2011
The award to TASIS is in recognition of its stature as a credible and highly competent Shariah advisory institution. TASIS was the main force behind the launch of Shariah-compliant index in Bombay Stock Exchange (BSE).

For more details contact: 09867253180, 09320995687, 9871886273 (Entry only by invitation)

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