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1.      To promote the Educational, Social, Economic and general welfare of the people.


2.      To arrange for the study and research of the teaching and practice of Islam in the first instance and allied thought and action, with a view to  affect the thought and action of millions in India and thereby help them to attain or maintain peaceful, harmonious and happy social relations without hatred or violence of any kind.


3.      To establish centers of study and Research and propagate Islamic Economic Doctrines and techniques of action. Credit mechanism with special reference to the principle of Interest free Banking and finances to the society.


4.      To provide information, counsel and assistance in this field to teaching, social, financial and other institutions or person in the form of research fellowship, travel grants, library books and equipments and act as co-coordinating Centre.




5.      To make provision for training of selected persons for the purpose of the fulfillment and carrying of the objectives of the Company;


6.      To publish journals, books, booklets, literature; etc., and such other communication media material for the propagation of Company objectives with special reference to their application to the current social, economic an national problems;


7.      To publish the approved research materials including the thesis of the research scholars or such other materials collected or obtained from national and international resources;


8.      To establish and maintain contacts between institutions and persons in India and abroad working on the objectives of the Company;


9.      To accept donation, subscription and grants in cash or kind from the public, institution and Government for achieving the objects of the Company;


10.  To purchase, take on lease, construct any immovable or moveable property for the use of the Company;


11.  To encourage settlement of disputes by Arbitrators and to act as or nominate arbitrators and/or umpire in transaction in which any member of the company is concerned or between parties connected with the objects of the Company and agreeing to abide by the decision or award of such arbitrators and/or umpires;


12.  To sell, exchange, lease, grant, licenses and other rights over and to improve, manage, develop, mortgage, turn to account or in any other manner deal with or dispose of the undertaking, property, assets, rights, and effects of the Company or any part thereof, for such consideration as the Company may think fit, and in particular for shares, debentures or securities of the Company;


13.  To enter into arrangement with any Government or authority supreme, municipal, local or otherwise or any person or company that may seem conducive to the Councilís objects or any of them and to obtain from the Government authority, person or company any rights, charters, contracts, license and concession which the council may think it desirable to obtain and to carry out, exercise and comply therewith either itself or through its members;


14.  To pay out of funds of the Company all expenses which the Company may lawfully pay with respect to the promotion, formation and registration of the Council;


15.  To lend, advance money or to give credit to such persons or companies and on such terms as may seem expedient and to guarantee the performance of any contract or obligation and the payments of money or by any such persons or companies and generally to give guarantees and indemnities;


16.  The exercise all or any of its corporate powers; rights and privileges and to conduct its activities in all or any of its branches in the Union of India and in any or all states, territories, possession, colonies and dependency thereof and in any or foreign countries, and for this purpose to have and to discontinue such number of offices and agencies therein as may be convenient;


17.  To procure the company to be registered or recognized in any part of the World;


18.  To do all and everything necessary, suitable or proper for the accomplishment of any other purpose or the attainment of any of the objects or the furtherance of any of the powers herein before set froth, either alone or in association with other Corporate Bodies, Firms, or individual and to do every other act or acts, thing or things incidental or appurtenant to, or growing out of, connected with the aforesaid objects or powers of any part or parts thereof; provided the same be not inconsistent with the law of the Union of India;


19.      The surplus or profit, if any, made by the Company the same shall not be distributed in any way among the members.