‘I am highly confident that the establishment of this centre will boost innovation, research and ultimately give benefit to society by the greater understanding of Islamic finance.’
His Excellency Dr Ahmed Ali, President of the Islamic Development Bank
The Centre for Islamic Finance at the University of Bolton is a new initiative to facilitate research and promoting the understanding of Islamic Finance through lectures, conferences and short courses.
The Centre for Islamic Finance was launched in 2012 with an inaugural lecture given by Dr Ahmed Ali, President of the Islamic Development Bank and was attended by business leaders, academics and finance managers from across the UK.
The Centre for Islamic Finance is the inspiration of its founder and Chairman, Professor Mohammed Abdel-Haq, a British Jordanian of Palestinian origin.
As well as his academic knowledge, Mohammed has a wealth of practical experience. In a long career in Islamic finance he is the founding member of a London Merchant Bank and was, until recently, Chairman of one of the leading UK compliance companies.
Prior to that Mohammed was Managing Director and Global Head of HSBC Amanah Private Banking. Mohammed is active in public life and holds a number of positions, amongst them he is a member of the Council of Chatham House and a member of the Advisory Board of the Centre for Social Justice. He is the author of a book on Islamic finance and is a regular speaker at conferences.
Who leads it?
The Centre will be led by the Board of Directors and we are delighted that Lord Lamont of Lerwick, a former Chancellor of the Exchequer will be joining the Board, alongside the Vice-Chancellor of the University, Dr George Holmes.
There will also be an active Advisory Board, which will be announced shortly.
Why the University of Bolton?
The University of Bolton has a long and proud tradition of delivering academic qualifications alongside sound practical experience. The University embraces diversity and values difference and prides itself on staying abreast of social, cultural and economic change and incorporating its impact in its courses and work with partners. This combination of innovation, inclusivity and a willingness to look beyond the traditional boundaries of the University, makes it the ideal home for the Centre for Islamic Finance.
Who teaches on it?
The University has been delivering degrees around the world for the past 20 years and the Centre will draw on the enormous pool of talent available to it both at home and abroad and from practitioners in the industry.