Mangalore gets new interest-free Islamic bank

[email protected] (CD Network, Photos by Ahmed Anwar )
February 15, 2014

Mangalore, Feb 14: A branch of Amanah Social Credit Co-operative Society Ltd (ASCCS) was inaugurated in the city on Friday.

With branches in Bangalore, Davangere and Shimoga, this is the fourth branch of ASCCS which invests in businesses on a partnership basis with zero interest.

Chairman of DK District Wakf Board S M Abdul Rasheed inaugurated the new branch located at Al-Rahaba Plaza, State Bank, in the presence of editor of Sanmarga Weekly A K Kukkila.

Speaking on the occasion, CEO of the cooperative society Ilyas Pasha said that the establishment of Amanah was a step towards managing money in an interest-free way.

The society will help in providing business loans or mortgages through ethical practices and investments in businesses on a partnership basis through non-profit equities, he said.

He said that the society would provide services like short-term financing plans and long-term financing places such as loans in accordance with Islamic principles.

ASCCS is a wing of Amanah Institute of Islamic Banking and Entrepreneurship Development.

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Comments

Naseema ahmed
 - 
Tuesday, 30 Apr 2019

Can u plz Send address n contact no. Of abov bank

 

NISHAR AHAMMAD M
 - 
Thursday, 20 Dec 2018

Assalamu Aliakum dear sir Iam looking for an intrest free loan of around 5 lakhs against our Tours and Travels office in puttur can you plese do the needful. you can also reach me to my number 7204760308,9743096308

muneer ahmed
 - 
Saturday, 18 Aug 2018

Respected sir i am Muneer ahmed searching for a mortgage loan sir plz give me answer sir my property is value is 2cr nearby Wilson garden total measurement is a 30×47+48 total square feet is a 1425 and my property is a  (A) khatha property sir plz give me answer sir 

muneer ahmed
 - 
Friday, 27 Jul 2018

Assalamu alaikum respected sir this is muneer ahmed regarding for a home loan.sir please give me a answer, i had borrow the loan from Bangalore city co operative bank, amount was 45lakhs and there interest rate is too high, i m facing very difficult to repay the loan.. so wanted to transfer my loan to Amanah Social Credit Co-operative Society Ltd, my property value upto Rs.2crore, near by Wilson garden.. sir please help me on this.. my contact num is 9620474990.

Abdul Muneer
 - 
Tuesday, 3 Jul 2018

Assalaamu Alaikum I need 3lakh loan for Auto rickshaw I want interest free loan, so what type of documents needed for this purpose please help me I am 2nd P U C passed also

BISMILLAH
 - 
Tuesday, 6 Mar 2018

Assalamu Alaikkum i want unsecured islamci interest fre loan for 25lakh for buying property house for my own use to live in chennqai please send details of your bank name and adress and what are the document you wanted from me and your term and condition share my whtaspp eight seven five four to one zero nine two seven

Junaid
 - 
Monday, 5 Mar 2018

Hi, I'm looking for an interest free loan of around 8 lakhs against our 3 BHK property in Bangalore. Can you please do the needful. You can also reach me to my mobile number 9994790307. Thank you

 

 

 

M K ZAMAN
 - 
Saturday, 3 Feb 2018

My suggestion is to avoid "Islamic Bank" in your publicity or articles as it is misleading. Indian authorities do NOT issue licenses for Islamic banks in India.

 

 

You can always use "NBFC run on Shariah-compliant principles" or "Shariah compliant cooperative society" which will be closer to the truth.May Allah bless your business. Ameen,

 

Habeebrahiman
 - 
Monday, 25 Dec 2017

ur giving home  lone

Imran
 - 
Saturday, 30 Sep 2017

I need a business loan to startup business so kindly help me out sir

moidin kunhi
 - 
Friday, 23 Dec 2016

I'm an NRI person, my 50lakh worth house and property mortgaged in sundaram finance, now its due is 17lakh I have to pay,I pay 25000rs every month. Now I'm in so critical even they are charging much interest also . if u anyone can help me obviously I will register that property on ur name and in one year I will clear and pay balance. Jazakallah

mohemmed shafi…
 - 
Wednesday, 14 Dec 2016

Assalam alekum sir myself md shafi iam suffering from cancer since 10 years but I had not left doing work I had 4 surgery before one year I had gone big surgery by grace of allaha now iam fine but for doing business iam facing financial problem I need help for my business iam having readymade garments business in the heart of the city I had shop plse consider my appeal .Thanks

mustafa
 - 
Sunday, 17 Jul 2016

I would like to a loan from ur society so what are the terms and conditions.

Abdul hakeem
 - 
Sunday, 15 May 2016

Marsha Allah a God blaseu

Abdul hakeem
 - 
Sunday, 15 May 2016

Plus send mobile phone numbers

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News Network
January 14,2020

Jan 14: A police complaint was lodged on Tuesday against BJP West Bengal unit president Dilip Ghosh for his threat to "beat up" and "shoot' " anti-CAA protesters, whom he called "infiltrators".

The complaint was registered in Ranaghat police station of Nadia district by a Trinamool Congress worker Krishnendu Banerjee, who alleged that Ghosh was inciting communal passion.

Addressing a party rally on Sunday in Ranathat, about 80 km from Kolkata, Ghosh went ballistic, saying the governments in BJP-ruled Assam, Karnataka and Uttar Pradesh have shot dead "like dogs" those protesting against the new Citizenship (Amendment) Act.

Alleging there were one crore infiltrators in the state, Ghosh had accused them of destroying public property worth Rs 500-600 crore during the violent protests against the CAA last month

"Friends, please know these people who are opposing Hindus and Bengalis. In whose interest are they doing this? There are one crore infiltrators. They are having their meals and staying here on our money".

He accused the state's Mamata Banerjee government of remaining silent a spectator to the violence.

"This (violence) happened because there was neither any baton charge, nor firing, nor was any FIR filed. Why? Didi's police did not arrest anybody... because they vote for her".

He then referred to the three states ruled by the BJP.

"In Assam, Karnataka and Uttar Pradesh, our governments have shot dead these devils like dogs. They were taken elsewhere and then again cases were filed against them. They will come here, eat, stay, and then destroy property. Do they think this is their zamindari?"

He had said once a BJP government was installed in Bengal, "We will hit them with sticks, shoot them and also send them to jail. Our governments have done exactly that. Mamata Banerjee doesn't have the guts to do anything".

However, his incendiary comments did not meet the approval of sections in the party.

Union Minister Babul Supriyo came out with a tweet slamming Ghosh and distancing the BJP from the comments.

"Very irresponsible of Dilip Da to have said what he said. It is a figment of his imagination... BJP governments in UP and Assam have never resorted to shooting people for whatever reason," he tweeted.

Supriyo's tweet was retweeted by nominated Rajya Sabha member Swapan Dasgupta, considered close to both Prime Minister Narendra Modi and Home Minister Amit Shah.

But Ghosh did not budge and aggressively asked whether the party was being run by Shah or Supriyo.

"People comment according to their understanding. What I feel is that our governments have done it, and so I said all that. If we get a chance we will also do such things," he said, sticking to his earlier comments.

Supriyo also hit back. "Just as he has remarked 'whatever Babul Supriyo has understood he has said', similarly I am saying this is Dilip da's personal opinion, and it has no connection with the party".

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News Network
March 30,2020

Bengaluru, Mar 30: Army personnel on Sunday distributed food packets and other essential items to the needy and sprayed Calcium Hypochlorite solution in Koramangala and Vanarpet areas amid the coronavirus lockdown.

The Central government had on Tuesday announced a 21-day lockdown in a bid to stop the spread of the deadly virus that has left several thousand dead globally.

A total of 979 confirmed cases of COVID-19 have been reported in India, informed the Ministry of Health and Family Welfare on Sunday.

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coastaldigest.com news network
June 22,2020

Mangaluru, June 22: A chartered flight from Dammam with more than 170 stranded Saudi Kannadiga passengers landed at Mangaluru International Airport at 8.53 pm. 

The flight was chartered by Saudi Kannadigas Humanity Forum (SKHF), an unregistered NGO, which was formed recently to help the Kannadigas stranded in Saudi Arabia due to covid-19 lockdown under the leadership of Zakariya Jokatte, president of Jubail unit of Bearys Chamber of Commerce and Industry and KS Sheikh Karnire, Director of Expertise Contracting Co. Ltd, Saudi Arabia.

There were 165 adults and 8 infants on board the IndiGo flight. All the passengers were screened at the airport. They will be dispatched to quarantine centres after completing formalities. 

SKHF had launched an online portal to assist those who were in need of emergency repatriation such as elderly people, those who lost their jobs, pregnant women and those who are in need of emergency medical treatment back home in India. 

SKHF coordinated with the authorities concerned to carry out all the formalities and legal procedures in Saudi Arabia. SKHF members were present at the Dammam Airport to help the passengers during the departure. 

Mr Jokatte and Mr Sheikh have thanked U T Khader, Mangaluru MLA and Dr Arathi Krishna, former deputy chairperson of NRI forum of government of Karnataka, for their help in chartering the flight.

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