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.
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To begin my query with! This is the 1st time i started this August with 2 ELSS (2000/- per month for 3 yrs).I hv to declare Investment in my company for 97000/-. Since Already 4months have passed-
1) Should i show my 2 ELSS’s only for the remaining 8 months(till march’2011) or can i declare it for this whole Fiscal year ?
2) If i show these 2 ELSS only for coming 8months, then its totalled to 32000 Rs i.e(2000 *2 * 8months), how can i declare my investment for the remaining 65000/ threshold?
3) Can i show a FD of 5laks which is on my spouse’s name for the rest of the investment ?
Thanks in Advance
Noor Ahmed
I did not get your question. You can just make a one more lump sum investment when market corrects and that would mean your investment is what you want it to be.
Hi Shabbir,
My ques was dat,
1) this August i purchased 2 ELSS worth 2000 each.Since we are in the middle of this current year and already 4 months(frm April’10 to July’10) have passed, should i show my 2 ELSS investment only for the remaining 8months i.e till march 2011 for tax rebate?
2) As u/s 80C the investment is 1lac,,so can i declare the complete 1lac into ELSS Funds?
3) Can i show a FD of 5laks which is on my spouse’s name as also an investment u/s 80 C?
Noor Ahmed, yes you can show complete 1 lac as ELSS and when you invest is not important as far as you invest before March 31st of 2011
Second is FD which is not an investment under 80C and so you cannot show that and second is all your investment should be under your name and not in your spouse’s name.
sir,
Asalamu Alaikum I need the lone for for my higher education purpose Rs 2,60,000 amount . so i need your help this is my number 9962371637…… replay me as soon as possible sir
Assalamo alaikum,
sir,
i am a student of PGDM(Marketing Management) at ITM-Bangalore. i want to make career in Islamic banking. & i am extremely desirous to work with such an institute. please help me in this regard.
Thanks
Mirza Moiz Baig
+919535210437
moizmirza@live.com
Assalam o alaikum
I am looking for a home loan which is purely islamic……
please help me if there is any option in india……..
my contact no. 9891596912………waiting for response……
asslamualikum brother,
Have you got any solution please tell me as i am looking for a home loan which is purely islamic……
please reply to : rahim2002khan@yahoo.com
Assalamo alaikum,
sir,
i am a working in a nationalised bank in middle management cader, getting 7.00 Lakh p a . i want to make career in Islamic banking. & i am extremely desirous to work with such an institute. please let me know the possibilies and give some idea about packages offerd by islamic banking finance companies in india / islamic banks in gulf countries. I have passed CAIIB exam, will it help me in this respect and what type of professional qualification should i aquire. help me in this regard.
Thanks
Asalamu alaikum brother,
I need to know whether any financial institution is there for providing home loans on shariah principles,(without interest rates) in chennai(tamil nadu). Or whether i am eligible to get home loan from kerala financial institution , as i am from chennai. Please let me know asap, as this info would be very useful for me. thank u..
i would like to jain lslamic banking so pls con:9940408199
Salaamualaikum, I am looking for a islamic home loan in bangalore. Please let me know if any institute is providing the same.
Cell: 9243252948
Assalam alai kum Brother Sikander,
I am also looking for the same to save my taxes in Bangalore. Did u find any? In case you found one, please call me at 98866 51986
KhudaHafiz,
Shaffreen
Assalamoalaikum,
We have debts and i want to pay it off.A martyr (shaheed) is forgiven all his deed except debt.Please help me with interest free loans so that we clear all our debts.
Assalaam-O-Aliakum-Wa-Rahmatullahi-Wa-Barakatu,
Sir can you please tell me by what time will the Islamic bank shall start?? I need a education loan to pursue C.P.L. I wish I could get one through an Islamic bank but due to the R.B.I.’s decision its put on hold. Kindly please tell me if any further action is taken to materialise this project.
Regards
Intikhab Ahmad
assalamu alaikum sir . i lide verry much in this service .
sir i am studing BA ARAABIC with islamic sanadhu third year in jamal mohamed college . and we are want learn islamc Finance . so please help to our sir …
assalamu alaikum sir . i lide verry much in this service .
sir i am studing BA ARAABIC with islamic sanadhu third year in jamal mohamed college in trichy. and we are want learn islamc Finance . so please help to our sir …
Aslamu-alaikum, hi how are you ? Hope your fine, i am trying to get success in my life from last 5 years. Now i want to do business for that i want a loan of 3.5 lakhs . My family members dont support me. I have a belief in me. I want to prove it. So can you help me , in finding a way to get loan. One more thing i am searching for islamic bank from 3 years. But i dint got where is it. Help me out. Khuda hafiz !!!
Assalaamu alaikum
we need Rs 50000 as early as possible to get our business if you are helping us we can help you
wassalaam
you can contact us
@ 09769777073
Stop begging to every commenter in this post.
assalamu alaikkum,
brother,kindly help me to get educational loan for my higher education with the shariah.thanks.
Asslam-walacum
I want invest in MF in good co. except interest institutions like bank
and wine co.
Now i am want purchase nome in mumbai, Please tell me Islamic bank name and address taken loan without interest. In year year I, will paid
Rs 1,50,000/- (loan amount Rs 15,00,000/-. I am central govt.
employee.
Thhanking you
allah Hafiz
Ekramul
Asslamualaikum bhai,
Bhai i am interest in share trading but i dont want to invest in haram place , is there any such institutions or mutual funds which runs based on islamic standards where muslim people can invest there money. please reply me.
Allah Hafiz,
mohammed Faheem.
Aslamu-alaikum, hi how are you ? Hope your fine, i am trying to get success in my life ihave well experience in share market but My family members dont support me. I have a belief in me. I want to prove it.{i am 37 years old have 4 children’s living in bangalore} i dont know any other business but i have no capital for trad in market. if you have interest with me… please call me on07795615234 jazak allah khair
I got this mail from one of the group. If you are in Bangalore try it!!
Call me if you need any assistance: 9243252948
Assalam O Alaikum
Dear Mr. Abdulla,
we take this opportunity to introduce Profishare Services India Pvt
Ltd. India’s fastest growing Shariah Compliant Wealth Management Firm
we at profishare,inherantly comply with shariah laws to avoid deceptive
and loss making activities occurring in stock markets which are prohibited
in Islam.
taking cues from the inconvenience caused to investors trying to follow
shariah laws on current complexed investment platforms where
transactions in non permissible companies, derivatives, exposure trading,
short selling etc were allowed, we have solved these issues by introducing
“INDIA’s 1st SHARIAH COMPLIANT INVESTMENT/TRADING PLATFORM”
This platform automatically restricts investors/traders from non
Permissible activities through customised software.
Following are the Unmatched advantages of our unique shariah compliant
investment platform:
1.Automated shariah compliance with negligible human interference
2.inherantly Monitors greed and Arrests fear
3.Restricts permanent losses, capital pilferage and capital erosion
4.Better performance in comparison to conventional benchmark indices
5.clarity on terms & conditions and roles played by the practitioners and
participants
our advise is purely based on fundamentals backed by one of the best
research houses in the country.
given a chance we promise to change the way you look at investments
especially in stock markets where wealth creation is not so difficult as
Witnessed, provided we follow the shariah laws strictly.
Hope this brief intro gives you an insight of what we are upto.
As a special case we propose to offer free DMAT accounts to all your
employees with discounted shariah advisory fee.
–
Regards
Warm Regards
Mohammed Jameel
+91 9141269732
Asslamualaikum bhai,
brother,kindly help me to get buissnes loan for my buissnes the shariah.thanks
Allah Hafiz,
MD ENAM
,
to Mohammad faheem,
parsoli.com provides shariah investments. go thru it. or give some details abt ur investment plan. i may help u.
ASSALAAMUALAIKUM, BROTHER I LIVE IN MUMBAI,I WANT A CAR LOAN,FOR WHICH I AM READY TO PAY EXTRA MONEY BUT THAT SHOULD NOT BE COUNTED AS INTEREST.THANK YOU
MOHD MAJID KHAN.
I want invest in islamic banking,what can i do
Assalaamu alaikum
connect to us
we will help you in investing
Regards
AHAMED MANZOOR
MUMBAI
097697 77073
Some More news Update on 27th of October 2010
YAHOO NEWS
http://in.news.yahoo.com/20/20101027/1416/tnl-pm-asks-rbi-to-look-into-malaysian-i.html
ECONOMICS TIMES
http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/PM-asks-RBI-to-look-into-Malaysian-Islamic-banking-model/articleshow/6821214.cms
DNA
http://www.dnaindia.com/india/report_pm-asks-rbi-to-look-into-malaysian-islamic-banking-model_1458532
BLOOMBERG
http://www.bloomberg.com/news/2010-10-27/india-to-ask-central-bank-to-learn-more-on-islamic-finance-from-malaysia.html
when islamic banks are gonna to be nationalised in india.and i am a graduate in commerce can i get job in islamic banks….ur faith fully
Assalaam-O-Aliakum
is ka kiya tarika hai
p l hamen jaroor bataie
md izhar ahmad
Allah Hafiz
Ass l ma k…….
Dear brother i need home loan in Islamic way.whatever hadiya is there I’ll pay pl z..let know ..my num is +918050825547
ASSALAM ALAIKUM WA RAHMATULLAHI WA BARAKATUHOO
DEAR MY BROTHER,
I AM WORKING JOB IN SAUDI ARABIA .
I NEED HOME LOAN IN ISLAMI WAY. I WILL PAY YOUR AMOUNT PER MONTH .
PLEASE HELP ME ABOUT THISE MY MATTER.
BEST REGARDS
AHMED
K.S.A
janab-a-aali,
assalamo alaykum, khuda aap ko hamesa salamat rakhkhe.
al hind educational & charitable trust is a non profit,non political,social organization.
beside this the trust has decieded to establised accadmic institution like I.T.I,POLYTECNIC,BED,for this purpose this trust has 10 acre of lands in a block swicthweted in the municipal are of (madhepura )distric in bihar how ever the trust is suffring from financial crasis.but our moto is clear. so please suggest.
chairmen
asakm
m kamran from hyd
i just want to ask u is there any islamic bank or a bank wich provides loan on islamic principle and is it available in hyderabad
assalamalaikum.
i am interested to invest money in share market i am new in this field plz help me for further action.
thankyou
Have you read my free ebook. That should help you get going.
Assalaam-O-Aliakum
islamic loan ke bare me kuch jankari chahheye mujhe islamic loan lena hai take me islam ki taraqi ke le kuch kar sakun is leye mehar bani kar ke mojhe batye ki islamic loan ka kya tarika hai meharba ni hogi
khoda hafiz
md izhar
mb +91 9873708437
Assalamu Alikum brother, My Name is mohammed Abdul Moiz. iam from Hyderabad. please let me know is their is any bank or trust which give mortgage loan with out interest or low interest. please let me know if their is any bank or trust. Hoping a positive reply from you as soon as possible.My email id is moiz285@gmail.com please pass the information on this email id with contact numbers and Address.
WITH REGARDS
MOIZ
Aasaalamuvalaikum,
I am residing in Chennai (Tamilnadu) and a Central Govt, employee serving in Indian Navy. I would like to know about the Islamic Bank at chennai if any, I want to open an a/c and i would like to avail Car loan from the Islamic bank, i want to be free from intrest as per islamic shariah. pls guide me as possible.
Khuda hafiz,
Ismail Shaikh
asslamuallaikum,
i am riyas studying 10th std in cbse school , i want to work in islamic banks ,pls guide me.
my phone no:8760140417
sir i want islamic banks by laws we wanted to establish it in our villege to help poor people. plz can u send the by laws?
bhai assalam aleykum
i m looking for the loan in business against property and i dont want to for any intrest loan pls. help me and give me right guidence my contact no. is 09893382808
Need an islamic housing loan.
Plz guide me
aslamu aleykum
SIR ME AAPKI BANK ME JOB KARNA CHAHATA HU PLEASE MUJHE JOB DO.SIR ME M.COM AUR PGDCA KIYA HUVA HAI AUR SIR ME VIKLANG HU MERE PAS KOE JOB NAHI AUR ME BEKAR HU AUR MERI VAJESE MERE MA-BAP BHI PARESHAN HAI.SIR PLEASE MERI HELP KARO ALLAH AAPKO AUR “FIRS ISLAMIK BANK”KO TARRKI DEGE PLEASE PLEASE
FRO-MAHAMAD JAVID
TA-VARAVAL DIST-JUNAGADH
GUJARAT-INDIA
Hi All,
First time I am hearing about “islamic bank”. Would like to know more about. As per above comments islamic bank never charge any interest on loans. How organization runs without any profit ? How it will take NPA, defaulters ?
Assalamu Alaikum
I want to work in islamic bank my qualification is B.Com ,TALLY,DCA. I request you to give a job in islamic bank . My contact number is 9952578225. Please help me please
i want to ask about taking franchise of islamic bank in bihar and jharkhand
Dear Sir,
Please my help. I am DTP operator any requirnment please contact me.
Composing & Designing with Urdu, Hindi & English Laguages.
my qualification 10th haryana Board
My Mob. No. : 9810778637, 9311211556
Dear Sir / Mam,
This is S.S.Khan and i wol like to tell you i want money from islamic bank to start a business so how can i get that. So please inform me regarding the same as soon as possible.
Aasalamu-Alaikum,
Dear Sir/Madam,
I am working for a Bank but i am not at all satisfied because of Interest. I would love to make my career in Islamic Banking. Kindly advise
Assalaamu alaikum
Dear brother!
I am from Chennai, Tamil Nadu.I am urgently in need of a loan of rs.55,00,0000 for buying a property. I want a purely islamic loan. Can you please guide me.
Ma’assalaam
Asif
It is 55,00,000rs
55 lakhs
Assalamu Alaikum,
I have started my new business in dindigul, Tamilnadu, were i need to investment some more machinery in addition to increase my productivity hence i need Rs: 2 Lakhs as a hand loan.
Please let me known what is the procedure to apply for the loan and were to come for the same.
I am in Chennai, Tamilnadu, India.
Assalamu alaikum,
I want loan for my business in islamic way.is there available in india.if so guide me.
mail:ssydimran@gmail.com
Assalam Alaikum,
I’m short of some money for personal requirement. How can I get Islamic loan please email me at allabakashs@hotmail.com
Allah Hafeez
Assalam Alaikum, I would like to invest $10,000/- in your bank. I am a Maldivian. Is there a chance for me? Can you tell me the procedure.
Dear All,
Assalaamualaikum!
Sharia Capital is a Sharia Investments Advisory firm, offering state-of-the-art Halal Financial Services to Muslims and the growing numbers of Moral and Ethical investors thus creating vast opportunities in ethical wealth creation.
Investing for a Muslim isn’t always easy. Income derived from activities, such as alcohol, pork related products, conventional financial services, insurance, gambling, tobacco, weapons etc is strictly prohibited. These are things a Muslim and the growing number of Moral & Ethical Investors would not support with their money.
Investing in accordance to Sharia means being careful where you put your money. Where you invest your money changes your world.
Create and Manage wealth Ethically by investing in Sharia compliant Halal Investment Products
We offer the following Sharia compliant Halal Islamic Investment Products:
• Equity Trading
• Commodity Trading
• Mutual Funds
• E-Gold & E-Silver
• Insurance & Pension Plans
• Real Estate Investments
• Tax Planning & Financial Planning
Kindest Regards,
Sharia Capital
info@shariacapital.in
+91 98849 67787
sir
Currently i working in share market company i am very intrested
to help to make people good investment not a trader please tell the
good opportunity for islamic bank
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