Islamic Bank cannot be called a Bank because of RBI guidelines but it looks like time has changed and Kerala may have first Islamic Bank Next year.
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
Asalam walekum !
I am in need of house loan as we stay in rented house but a loan should be without interest we need 14lac to buy a house please mail me if some one is ready to give loan.
Asslamu Alai Kum,
I want a loan for my business purpose sum of rs 5lakh plz re mail the details so how can i apply for this. i am running this business form 1 year now for that i need some support plz help me.
May Allah bless you.
Assalam Alaiquem,
I m looking for a interest free islamic loan to start a business in bangalore, will u please provide the infomation about the islamic finance in bangalore.
assalmu allaikkum,
we r doing wind turbine project.. we hv got the patent number for our project…. for further process we want 20 lakh rupees for our project.. pls help us
Asslamu Alai Kum,
I want a loan for my business purpose sum of rs 5lakh plz re mail the details so how can i apply for this. i am running this business form 1 year now i got some government project. for that i need some support plz help me. May Allah bless you.
asslam alaikum, i am happy that Insha Allah the Islamic bank will be started as earlier,
Dear Sir / Madam ,
As- salam – alaikum !
Request you to kindly forward Mumbai Bank Branch Address at your earliest & oblige.
Thanks & Regards.
Shabana.
Dear sir ,
Aslamwalekum ,
ji hame ye sunkar bhut khushi hai ke apnibhi Islamik bank open hui ! Inshah allahtalha bank ki tarraki jada se jada ho ye hi allah talase duwa karte hai aur karte rahege . apni bank ke bare me jadase jada jankari hame bheje taki jaroot mand logoko uskib jankari de
sake . plc . call me . 09766889964. / 9403569666.
Dear sir,
I am glad that very soon a Islamic bank will be operative in India. I have a housing loan from other bank in India. Can transfer the Loan to your bank in Islamic banking way. Please guide me if such transfer is possible.
Please contact me at mahmed.csir@gmail.com
Regards,
Meraj
Bhopal, M.P
Meraj, this news was reported in 2009 and we are in 2012 and yet there is nothing done in that line and so I am not hopeful anymore.
Asalamalikum,
Hope you are doing well by the grace of Allah, am settled down in kuwait.. i have a property under bank loan… i have to clear to the bank sum of 45 Lakhs, can your bank take over it.
Please help me. my cell number is 965-99878610
This is my India number.. 8105260657.
Kindly reply me as soon as possible.
Thanks.
Rabiya Qurashi.
i am plywood manufacturer in ,mangalore karnataka state,south india.i have taken loan from bank ,not able give the intrest,what i am earning is goes to intrest,kindly give suggestion and brief about islamic banking
assalamu alaikum
Janab
Assalamalaikum,mera naam khan waseem akram s/o khan mohammed aslam hai.maine graduation is saal complete kiya hai.mai bussiness karna chata hu.jiske liye 15laks ki sakth jarurat hai.mere abbu ke finencial condition thik nahi hai.jiski wazha se mai unse kuch nahi bola.
aap se mai request karta hu ki aap mere madat kare. mai aapko ye paisa 2year mai return kr dunga.
is ke liye jo document lagenge wo mere ko bata do.
khan waseem akram s/o khan mohammed aslam
village-pakri chabber,
post/police station-kalwari,
district-basti 272301
utter pradesh ,india
contect number 09969619733
waseemakrm786@gmail.com
Dear Sir,
I would like to start a steam car washing unit in kerala, kannur dist., Thalassery town. Total project cost is 8 lakhs. I will get 6 lakhs from bank (the PMEGP scheme). Capital expenditure is 6 lakhs and the deposit amount of the rental is 2 lakh. due to shortage of this money I am not in a position to start this unit. I heard from suitable sources that the islamic bank will give money without interest.If u help me that way , I will repay the amount on monthly basis. Now I am in a very pathetic stage to meet both ends.
awaiting ur valuable reply
regards
Dear sir,
I am from chennai,looking only for interest free loan.
Please contact me in 09941275623
i want 10 lakhs for starting bussines of computer plz help to get loan from islamic bank
no 9702901084. plz
i need interest free educational loan to pursue MBA at IIPM
9840284054
Assalaam mu alaikum wa rahamathulahi wa barakathuhu,
Dear Brother,
I am Marzuq solaiyappan (reverted muslim) i am looking out for a home loan.Please let me know if you any islamic bank
JazakAllah Khairan
ASWK,
Like many other posts on this blog, I am also a loan seeker which is interest free. I cam across this URL over google, not sure this is still functioning.
To go to specifics, I am in the iron ore and other minerals trading and have a capital requirement of 20 lakhs to 5 Crores. Needless to say there are good margin in this business, I was wondering is there a bank or a private money lender who can provide this amount on interest free terms.
Let me know your contact details via email: arshadg123@rediffmail.com, and I will call on you.
-Arshad
i need sum of Rs.7 lakhs for my elder daughter marriage do the help for interest free loan from any one help us.
Allah Hafiz
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
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
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 want a home loan on shariah law through Islamic banking,please help me.Thanks.
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
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 want loan for starting computer business from islamic bank plz help if u can.
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 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
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 personal loan without interest or low int am in govt job
i am having plywood manufacturing industry in mangalore south india .i need islamic bank loan ,what can i do?
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
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.
I am looking for home loan, what is the procedure to get home loan from this Islamic bank.
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
assalam o alikum i want to start business for that i need funds without intrest plz help me
jazakallah
I want a personal loan and working as software engineer in MNC. Please reply back as I am interested in islamic banking
I am looking for home loan, what is the procedure to get home loan from this Islamic bank/institution.
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 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
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 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.
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.
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.
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.
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 bank. I am staying in Pune. Request you to pls help on urgent basis.
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 want to loan for without intrest for marraige, i am working in bpo,
i want to loan for home and for marrige — my in come source is govt job — i will pay by my salary.9311369267