What makes Riba the worst thing in the world? How is interest-based banking the same thing as riba? And how does it affect you: as an individual and as a community?
Speaker’s Bio:
Atif R. Khan is Managing Director at Ethica Institute of Islamic Finance, growing the Institute from inception to over 15,000 paying professionals in 65 countries. Ranked #1 on Google for “Best Islamic Finance Certification” regularly, Ethica is officially recognized by the leading standard-setting body in Islamic finance. Atif has given talks on Islamic finance across the globe, from North America to Australia and brings over 30 years of finance experience to Ethica, including studying the Shariah sciences one-on-one with some of the world’s leading Islamic finance scholars. Prior to learning about the harms of conventional banking, his earlier finance experience included investment banking at Morgan Stanley in New York and London, executing over $3 billion in transactions in mergers and acquisitions, corporate finance, and capital markets. He went on to become CFO of Iprox Limited in London and Director of Islamic Finance at BankT&D in Dubai. Atif was educated at University of Massachusetts, Amherst, and Harvard.
About Ethica Institute:
At Ethica Institute of Islamic Finance we believe that many of the world’s problems could be solved by providing alternatives to interest-based banking. If governments, companies, and individuals could focus on something other than repaying mounting debts, the world would be a much better place. We also believe that the industry urgently needs to 1) comprehensively train the many people now entering Islamic finance in AAOIFI standards, the de facto standard in over 90% of the world’s jurisdictions; 2) create Shariah-based solutions for a broader set of clients, including the poor, not just Sharia-compliant solutions for institutions and the wealthy; and 3) address the very real problem of social and environmental degradation at the hands of fractional debt reserve banking.
Crash courses are not enough. What is needed is ongoing, standards-based training for everyone. From single individuals to entire banks. Anytime, anywhere. Ethica is the world’s first dedicated Islamic finance portal offering training videos, certification, career counseling, recruiting assistance, live webinars, and the world’s largest library of scholar-approved answers available online.
Unlike traditional institutes typically run by academics and administrators, Ethica finds its roots in the cut-and-thrust of banking execution. This real-world experience translates directly into the effectiveness of Ethica’s practical content. Launched by a team of bankers and scholars who, to this day, conduct advisory and training assignments in the industry, content development for Ethica Institute of Islamic Finance began in 2002.
Winner of “Best Islamic Finance Qualification” at the Global Islamic Finance Awards, Ethica is trusted by more professionals for Islamic finance certification. Training and certifying professionals in over 160 financial institutions in 64 countries, Ethica’s 4-month Certified Islamic Finance Executive™ (CIFE™) is a globally recognized certificate accredited by scholars to fully comply with AAOIFI, the world’s leading Islamic finance standard. Ethica’s award-winning CIFE™ is delivered 100% online or live at the bank.