California, November 13 (KMS): A veteran Muslim economist and former Professor of the Aligarh Muslim University, Dr Nejatullah Siddiqi passed away in California, US. He was 91
Dr Nejatullah Siddiqi was a leading Muslim economist, whose work on interest-free banking is fundamental to the Islamic economics.
For a long time, he was living with his son, Prof Muhammad A Siddiqui. His funeral prayers were offered at MCA (Muslim Community Association), Santa Clara mosque (US) on Sunday. He was once associated with Jamaat-e-Islami Hind. Post retirement, he was living with his children in US.
Born in 1931 in Gorakhpur, in the Indian state of Uttar Pradesh, Dr Siddiqui taught economics at the Aligarh Muslim University and later at King Abdul Aziz University, Jeddah, Saudi Arabia..
A prolific writer in Urdu and English, he has 63 works in 177 publications to his credit. Some of his works were translated into Arabic, Persian, Turkish, Indonesian, Malaysian, Thai, and other languages.
In India, Dr Siddiqui has contributed to the development of interest-free microfinance through Cooperative Model in India. He was associated with Sahulat Microfinance Society since its inception.
In 1982, he was awarded the 1982 King Faisal International Prize for Islamic Studies. He later became a Fellow at the Centre for Near Eastern Studies at the University of California, Los Angeles. Besides, he was a visiting scholar at the Islamic Research and Training Institute, Islamic Development Bank, Jeddah.