To succeed, it is critically important for an aspiring Islamic Finance Professionals
to be aware not just of legalities but also of Islamic ethos and culture. So polishing
the candidates who have acquired the knowledge of Islamic Law of financial transactions
irrespective of any geographical location would certainly be a real advantage. We
not only aim at individual improvements but also endeavour to achieve the minimum
collective standards through constant motivation, training and skill development
programs. The different verticals of our Business:
1. Training and Development of Human Resources
2. Outsourcing of Human Capital
3. IT Development and Providing IT Infrastructure
4. Outsourcing Business Process and Knowledge Process
5. Creating Awareness and Promoting Islamic Banking and Finance
As an organization we adhere to the best corporate governance principle. We draw
our inspiration from the highest moral and ethical standards enshrined in Holy Quran
and the Sunnah of Prophet Sallallahu Alaihe Wa Sallam.
1. Training and Development of Human Resources:
a) We believe in developing the skill set and knowledge in terms of Islamic Jurisprudence,
Shari’a finance and accounting, reporting risk management and client relations.
b) Specialize the skill set for different categories and functional roles.
c) Arrange training programs to enhance skill-set to tie knot with Sharia and finance.
d) Development of assessment method to qualify candidates to be a part of the IFB
e) Give an opportunity for a more active learning process could be in the form of
face to face teaching, case studies, group discussions and role-play.
2. Outsourcing of Human Capital:
Once a candidate is finalized through a proper scaling of the Shari’a knowledge
and technical skill-set appropriate strategy will be devised to mobilize the human
resource for the respective locations of requirement. If there is immediate requirement
we would use methodology to map the candidates and make all arrangements for a3-level
sourcing Micro level, Meso level and Macro level.
a) At the Micro level we will target various educational institutions specializing
in providing relevant human capital like Aligarh Muslim university, Jamia Hamdard
University and Jamia Millia Islamia University etc.
b) At the Meso level institutions engaged in capacity building such as specialized
training institutions, consultancy firms (the national and the international level)
professional bodies will be partnered;
c) At the Macro level Governmental organizations showing interest and commitments
will be roped in.
d) Collaborating with all the above entities under one umbrella to churn out potential
Islamic finance professionals and the talent with high calibre. Ultimately delivering
strategies to create a virtual International Labour Market for Islamic Finance Professionals
and mobilizing this pool of talent from emerging markets to more mature market and
3. IT Development and Providing IT Infrastructure:
SAMFAS has a strong technical team that provides the following supports
a) Design and development of IT infrastructure using cutting edge technology required
to implement Islamic Banking and Finance System.
b) Carry out R & D for technological innovations which will promote IFB Systems
all over the world.
4. Outsourcing Business and Knowledge Process Outsourcing:
Prior to colonialism, India had a history of Islamic Scholars traveling and migrating
from different parts of the world including the likes of Ibn-batuta, Alberuni, Omar
Khayyam etc. who have contributed immensely in terms of knowledge. It is recorded
in the history that the knowledge of Shari’a, Science Technology, Arts, Philosophy,
Literature and Medicine flourished together in greater heights.
The outsourcing model which has created revenues for India and contributed in its
prosperity, in today’s context high end processes like credit analyses in Banking,
underwriting in Insurance, Network Engineering in the Telecommunications, Market
Analyses in Share market, Remote monitoring of Patient’s medical status and lot
more other areas being explored with the help of technology. This hand of technology
is strong and if properly used it can make one further stronger. We have the capacity
to develop and deliver models to clients who are looking forward to partner us in
the Islamic Finance domain outsourcing not only for their back-end processes but
also their high end process which can act as catalyst for the growth of this domain.
We assure efficiency and quality in our services with the requisite level of expertise
and experience in this field on the fact that there are:
1. Availability of Knowledge of the Holy Quran and Sunnah of Prophet Sallallahu Alaihe Wa Sallam
through various institution;
2. A highly skilled labour who are unemployed semi-employed in India particularly
in this domain;
3. Strong presence of young population with reasonably good level of knowledge of
Arabic and English.
4. Strategically located i.e. Bangalore the outsourcing hub of the World’s top MNCs.
5. Creating Awareness and Promoting Islamic Banking and Finance:
The economic system of the world is gradually recognising the potential of Islamic
banking and finance. As a professional we are committed to provide our visitors
regular update, create a platform for discussion where new and innovative ideas
can be freely exchange and experienced shared.