islamic banking

Sharjah bank launches training programme


July 15th, 2012 - 1:28 am ICT by IANS
Sharjah, July 14 (IANS/WAM) Sharjah Islamic Bank (SIB) has launched a training for the 7th consecutive year with the participation of 15 students from UAE colleges and universities as part ... Read more...

Posted in Uncategorized |

Kerala will push low-cost airline, Islamic banking: Chandy


November 22nd, 2011 - 7:17 pm ICT by IANS
New Delhi, Nov 22 (IANS) Kerala will pursue with the central government its proposal to start an airline, mainly to extend low-cost option to its vast diaspora in the Gulf ... Read more...

Posted in Business |

Islamic banking ideal for economic growth: Expert


May 1st, 2011 - 10:42 pm ICT by IANS
Bhopal, May 1 (IANS) The interest-free Islamic banking system will provide the ideal thrust to India's economic development, an expert said here Sunday.Islamic banking, which propagates zero-interest lending, can solve ... Read more...

Posted in Business |

Seminar on Islamic banking in India May 1


May 1st, 2011 - 3:52 am ICT by IANS
Bhopal, April 30 (IANS) A seminar on the global economic problems and Islamic banking will be held Sunday in this Madhya Pradesh capital.The seminar is being organised by the Muslim ... Read more...

Posted in Business |

Kerala to support Islamic banking venture


February 4th, 2011 - 10:11 pm ICT by IANS
Thiruvananthapuram, Feb 4 (IANS) Kerala Finance Minister Thomas Issac Friday expressed happiness over a court verdict giving the green signal to Al Barakah Company to start an institution on Islamic banking principles.The ... Read more...

Posted in Business |

Indian firm gets court nod for Islamic banking concept


February 3rd, 2011 - 5:57 pm ICT by IANS
By Sanu George Kochi, Feb 3 (IANS) The Kerala High Court Thursday gave the green signal to a company registered under the tenets of sharia to start operating a financial institution based ... Read more...

Posted in Business |

India will look at Islamic banking practices: PM


October 27th, 2010 - 8:20 pm ICT by IANS
Kuala Lumpur, Oct 27 (IANS) Prime Minister Manmohan Singh Wednesday said he would ask the Reserve Bank of India (RBI) to look into what Malaysia was doing on Islamic banking practices."I ... Read more...

Posted in Business |

Manmohan Singh says RBI will look into Malaysian model of Islamic banking


October 27th, 2010 - 2:18 pm ICT by ANI
Kuala Lumpur (Malaysia), Oct. 27 (ANI): Visiting Indian Prime Minister Dr. Manmohan Singh has said that he will ask the Reserve Bank of India (RBI) to look into the Malayasian model ... Read more...

Posted in World |

Iran paying Taliban 1,000 dollar bounty for each US soldier’s head in Afghanistan


September 6th, 2010 - 3:20 pm ICT by ANI
London, Sept 6 (ANI): Iran is reportedly paying bonuses of 1,000 dollars to the Taliban for killing an American soldier in Afghanistan and 6,000 dollars for destroying a U.S. military vehicle.According ... Read more...

Posted in World |

Separate law needed for Islamic banking in India: RBI


May 20th, 2010 - 6:57 pm ICT by IANS
Thiruvananthapuram, May 20 (IANS) Islamic banking in India is not possible now with the current banking principles based on interest payment, but it can be done though a separate legislation, Reserve Bank ... Read more...

Posted in Business |

Pakistani bank offers interest-free loans for Haj, Umrah


May 5th, 2010 - 10:20 pm ICT by IANS
Karachi, May 5 (IANS) Pakistan's leading Islamic bank Wednesday announced interest-free loans for the Haj and Umrah for those wishing to pay in instalments after performing the pilgrimage. Towards this, Meezan Bank ... Read more...

Posted in South Asia |

Kerala court stays government-aided Islamic banking


April 8th, 2010 - 6:55 pm ICT by IANS
Kochi, April 8 (IANS) The Kerala High Court Thursday in an interim order restrained the government or state-run organisations from starting Islamic banks, but allowed a private company to start its operations. The ... Read more...

Posted in Business |

India rules out Islamic banking for the moment


March 5th, 2010 - 8:26 pm ICT by IANS
New Delhi, March 5 (IANS) India Friday ruled out introducing Islamic banking in the country for the moment, making the wait longer for interest-free access to finance under the principles of Sharia. The ... Read more...

Posted in Business |

Kerala shelves proposed Islamic bank


March 3rd, 2010 - 5:39 pm ICT by IANS
Thiruvananthapuram, March 3 (IANS) Bowing to stiff opposition from several quarters and a High Court verdict against it, The Kerala government has shelved a plan to start an Islamic bank and instead ... Read more...

Posted in Business |

India urged to repatriate undocumented Indians


March 1st, 2010 - 3:50 pm ICT by IANS
Jeddah, March 1 (IANS) Prime Minister Manmohan Singh has been urged to ensure the repatriation of Indians who are living without legal documents here in Saudi Arabia. A memorandum presented to Manmohan ... Read more...

Posted in Business |

Learn from Islamic banking success stories: Rahman Khan


January 27th, 2010 - 6:57 pm ICT by IANS
New Delhi, Jan 27 (IANS) Rajya Sabha Deputy Chairman K. Rahman Khan Wednesday said India can learn from the innumerable success stories of Islamic banking and this would be discussed at ... Read more...

Posted in Business |

Head of Bahrain bank detained for embezzling $2 bn


January 27th, 2010 - 1:42 pm ICT by IANS
Manama, Jan 27 (DPA) The chief executive of The International Banking Corp (TIBC) has been detained by Bahrain authorities on allegations of embezzling more than $2 billion, a news report said Wednesday. The ... Read more...

Posted in World |

PM meets Muslim MPs, will work for consensus on quotas


December 23rd, 2009 - 9:02 pm ICT by IANS
New Delhi, Dec 23 (IANS) Prime Minister Manmohan Singh Wednesday told a group of Muslim MPs that a broad national consensus would be built on the issue of reservations before the ... Read more...

Posted in Politics |

Kerala to set up Islamic bank shortly


September 9th, 2009 - 3:41 pm ICT by IANS
Thiruvananthapuram, Sep 9 (IANS) The Kerala government will set up an Islamic bank in the state, Finance Minister Thomas Isaac told the assembly Wednesday. The share capital of the proposed bank has been ... Read more...

Posted in Business |

Islamic economic forum urges reduction of trade barriers


March 4th, 2009 - 1:21 pm ICT by IANS
Jakarta, March 4 (DPA) An international Islamic economic conference ended Wednesday with calls for the reduction of trade barriers, development of alternative energy sources and stricter regulations in the global financial industry. The ... Read more...

Posted in Uncategorized |

Indonesia bans yoga for Muslims


January 26th, 2009 - 3:40 pm ICT by ANI
Jakarta , Jan.26 (ANI): Muslims in Indonesia have been banned from doing yoga if they engage in Hindu religious rituals during the exercise, the chairman of the country''s top Islamic body ... Read more...

Posted in World |

Indonesia bans Muslims from practising Hindu rituals during yoga


January 26th, 2009 - 11:18 am ICT by IANS
Jakarta, Jan 26 (DPA) Indonesia's top Islamic body has issued a ruling banning Muslims from practising yoga if they engage in Hindu religious rituals during the exercise, the chairman of the group ... Read more...

Posted in World |

Aligarh Muslim University to run Islamic insurance course


July 31st, 2008 - 5:04 pm ICT by IANS
Aligarh, July 31 (IANS) Aligarh Muslim University (AMU), which has decided to introduce a course in Islamic banking from the next academic session, will also offer separate courses in Islamic insurance and ... Read more...

Posted in Business |

Indonesian parliament passes Islamic banking bill into law


June 17th, 2008 - 7:37 pm ICT by IANS
DPA Jakarta, June 17 (DPA) The Indonesian parliament Tuesday passed a Sharia or Islamic banking bill into law, paving the way for the government to ensure legal certainty in running the sharia banking ... Read more...

Posted in Business |

Infosys unveils Islamic banking solution


March 7th, 2008 - 3:38 pm ICT by admin
Mumbai, March 7 (IANS) Software solutions major Infosys Technologies Ltd Friday unveiled of its Islamic Banking Solution (IBS) for European, West Asian and Far Eastern markets. The company informed the Bombay Stock ... Read more...

Posted in Business |

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