Islamic Bank cannot be called a Bank in India because of RBI guidelines to provide interests to customers and in Islamic banks you do not have the option for Interests. As so called Islamic Banks currently in India do not have the status of Bank most Islamic Bank are called Financial Institutes and cannot issue cheques. For Details read Islamic Banking.
But now it looks like there is a change and we may have first Islamic Bank in India.
The first Islamic bank in the country with active involvement of the Kerala government is likely to start operations in Kochi by next year as the bank’s registration formalities are currently being fulfilled on a war footing. The Kerala industries department is actively involved in the new initiative and a high level meeting held at Kozhikode on August 12 had approved a project report prepared by Ernst & Young.
Read the full story here
Share ...
How My Technical Analysis eBook Can Transform An Average Investor into A Market Analyst
If you're trying to make money from equity market, you should understand how the market works and not bet on your luck.
Technical analysis and chart pattern can revolutionize your understanding about the market and help you understand when is the right time to get into any stock and what could be your possible target for the stock.
My eBook helps you get equipped to understanding the market from practical point of view which means unlike many other technical analysis books my eBook does not explain all possible technicals and patterns that any student need to know.
In short I have explained technicals that I use when trading and investing in market.
{ 157 comments… read them below or add one }
← Previous Comments
i want to loan for home and for marrige — my in come source is govt job — i will pay by my salary.9311369267
I want to loan for without intrest for marraige, i am working in bpo,
I want to take loan for purchsing a car I am an Cent. Govt Employee and also a pensioner can any body guide me to take loan from islamic bank. I am from Chennai. I can pay back in easy EMI’s.
Ismail Shaikh
I am looking for interest free bank. I am staying in Pune. Request you to pls help on urgent basis.
I am looking for interest free loan and i am currently working in MNC. Please let me know if any interest free loans will be given to the individuals if so whom should i contact. Thanks in Advance.
I am looking for interest free Home loan and i am self employed currently practicing in income tax & vat. i am residing in Bhiwandi-421302, Dist – Thane, Maharshrathra. Is there any bank in mumbai or thane dist who follows the islamic banking concept. Please tell me if any interest free loans will be given to me if so whom should i contact. eagerly Looking forward for your response.
respected sir,
i am from assam and interested to take a loan for my personal project. that sir, i want to set up a new bussiness but i do not have fund for that.to set up my bussiness i need an amount of rs. twenty lakhs. but as i do not have income so i am in deep problem how to get a loan. therefore may i request your kind help in that regards.
Sir,
I wish to introduce my self, I have an experience of export of coir pith to the foreign countries. Now, i wish to start new unit and the project cost around 30 to 40 lakhs. will get back 25% of loan amount. I have an property around the market value of around 30 Lakh. How can i get the loan without interest or i need islamic standard. Awaiting your valuable guidance.
I wish to introduce my self, I have an experience of medicine sale . Now, i wish to start new unit and the project cost around 10 to 15 lakhs. will get back 50% of loan amount. I have an property around the market value of around 3 Lakh. How can i get the loan without interest or i need islamic standard. Awaiting your valuable guidance.
We are in need of money, if u know about any islamic bank please tell us.
contact:- +917386681217, +918686196468
e mail:- heera.khaja@yahoo.com
i m a PG student & it will take one year to complete my studies.i have a great responsibility to handle my home & for my sisters marriage.I do not have my own home.so i m looking for a interest free loan bank which runs on the basis of islamic principles.so kindely take my request and do the needful.
My no-9867308091
email-ykkazi@gmail.com
i m a student and it will take one year to complete my studies. I dont have my own home and i am staying on the basis of rent.so plz help me and suggest me interest free loan bank which runs on the principle of islamic banking.
Contact-9867308091
I am looking for home loan, what is the procedure to get home loan from this Islamic bank/institution.
I want a personal loan and working as software engineer in MNC. Please reply back as I am interested in islamic banking
assalam o alikum i want to start business for that i need funds without intrest plz help me
jazakallah
ASAK,
I want a personal interest free loan . I am residing at Indore Madhaya Pradesh . Can u pls guide me regarding Islamic banks n loan procedure.Jazakallah Khair .Waiting for your reply. AH
I am looking for home loan, what is the procedure to get home loan from this Islamic bank.
WHOAAAA….. So many comments for reaching out for an interest free loan. Interest is hurting everyone I guess.
It’s totally out of my understanding how the Islamic Bank will work that will safeguard your capital and at the same time not charge you any interest. I know most of our muslim brothers give away their interest earned on savings account, my family members do that too, but I am eager to see their business model when one comes out.
You don’t need to wait for Indian Banks to see their business models and it is already in place in many Muslim countries and working like a charm.
Also it is not about hurting interest rates but the interest that is hurting so many people.
Ya I understand. It hurts only the people, not the interest rate. I have seen people who lost a lot due to interest rates, especially the one’s thats absurd like a personal loan. Can’t wait to see this kind of banking system in India. I am sure the big brothers will have problem with that.
dear sir
I need some help to do a new business so i need around 5 to 10 lacks
so any way to get this loan at the movement i m work as agent of raw hides skin from east africa and now days our market very bad and facing big problem so pls advice me how i get the loan from muslim
bank
regard
Ashraf Gaffar
i am having plywood manufacturing industry in mangalore south india .i need islamic bank loan ,what can i do?
i want to personal loan without interest or low int am in govt job
askm
i am a business men in aurangabad m/s and i want intrest free loan for purchase shop
if any bank/peopal working that type of finnance please gued
do need full
9822551502
i k interior
moti karnja abhinay talkis road
aurangabad 431001
I WANT TO DO MBA FROM MUMBAI UNIVERSITY BUT FINANCIALLY I AM NOT SO GOOD THAT IS Y I THOUGH TO TAKE A LOAN FORM ISLAMIC BANK OR FROM ANY OTHER SOURCE WHERE I DO NOT HAVE TO FACE ANY BARRIER & LESS RATE OF INTEREST RATE PLS SUGGEST ME A WAY THROUGH WHERE I CAN COMPLETE MY STUDY I WOULD BE THANK FULL TO U
I want loan of rs 300000.for my daughters marriage.How much time will be required to pass it. Please rep us as soon as possible. thank you
I want loan for starting computer business from islamic bank plz help if u can.
Assalam Alaikum (Varah) My name is Mahaboob. I am residing at Hosur taluk of Tamilnadu state. I am need money to establsih my business. I am in need of interest free loan of Rs,10,00,000. I will repay the loan as every month as well as possible. Please contact me as soon as possible. My no. 09843128875.
I am from kerala and I wish to build a new home. since the bank loan interest is very high, I can’t take loan from banks. I am a private firm employee. I wish to get no/ very less interest loans (like islamic banking offers). If any of the kerala muslim brothers providing loan with no interest, pls send me a mail at shamnadks at rediffmail.
As-salam-o-aliekum
I want to buy a house for which need 25 lacks. Is there any system of islamic bank to buy the house to the bank name and it will transfer to me after paid whole amount.
I have a medical store in rented room and as a 45years old shop from my father times, room owner want to displced me but failed and i am giving rent to court.
My mobile no- 08876226599
I want a home loan on shariah law through Islamic banking,please help me.Thanks.
Asalam walakum : I have taken a site at 10 Lakh rupees but i dont have fund to construct a house hardly i require 5 lakhs . I can repay back with monthly installment 10k to 15 k it should be interest free.
Name Kareem
Contact no. 9916238180
i reside in chennai i want to know is there any financial institutions who offer interest free loans amount needed is 3 to 4 lacs ll pay back in three months maximum
this is not first Islamic bank
there was a bank in Kerala itself
it is false statement Islam means truth then why we spread false statement for publicity
← Previous Comments