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LATE MR MUAZZAM ALI
FOUNDING CHAIRMAN
The Institute of Islamic Banking & Insurance
London, United Kingdom.
Late Mr. Muazzam Ali, the founding Chairman of the Institute of Islamic Banking and Insurance London (IIBI), passed away peacefully on Thursday, 10th March 2005 at the age of 85
He was an eminent personality and well known journalist of Pakistan. He was founder of the Pakistan Press International (PPI), a news agency of international repute. He was instrumental in sponsoring a world renowned magazine ARTS & ISLAMIC WORLD. He was a noble, successful and generous man , always willing to help friends and to contribute to a good cause.
Before founding the Institute Mr Muazzam Ali was Vice-Chairman of Dar Al-Maal Al-Islami and Association of Islamic banks for many years. From the inception of the Islamic banking movement, he became keenly aware that its success would heavily depend on research, education and training, to develop competent bankers in this new finance industry. He set up the Institute in 1990.
Mr Muazzam Ali was also a versatile personality having keen interest in many fields. As Chairman of the Institute of Islamic Banking and Insurance and the International Centre for Islamic Studies he devoted the last 15 years of his life to chartering a new course in the world of Islamic finance.
The Institute pioneered the distance learning post-graduate Diploma programme on Islamic banking and insurance which continues to be in great demand. It organises training seminars and holds international conferences. It is the largest publisher in English of books on Islamic banking and also publishes the monthly magazine NewHorizon proving a global perspective on Islamic banking and insurance.
All those who knew Mr Muazzam Ali cannot forget his towering personality. He was a father figure and guide and benefactor to many in need. Those who created obstacles in his unflagging commitment had to reckon with the force of character and the vigor of his fearless energy.
Despite his high positions, Mr Muazzam Ali remained a man of simple tastes and beliefs. He will be missed dearly by his family and friends as well as by his colleagues at the Institute.
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