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
April 10,2020

Bengaluru, Apr 10: Karnataka Chief Minister B S Yediyurappa, expressing his concern over the plight of stray animals struggling during lockdown, called upon people to feed the animals near their houses and provide them drinking water.

In a tweet he said "Due to scorching heat and Lockdown, cats, dogs and birds are suffering without water and food. In cities this situation much serious. So I appeal to people that people should see that dogs and birds their get food and water.

Please be kind and take some time off to feed stray animals and birds around your homes. Try providing them with water and leftovers so they're not parched and left hungry. Stray animals depend on wastes and leftovers from hotels and restaurants and have been hit by the Lockdown to check the spread of Corona virus.

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coastaldigest.com news network
August 3,2020

Bengaluru, Aug 3: Karnataka Chief Minister BS Yediyurappa tweeted late Sunday night that he had tested positive for the novel coronavirus. 

In a brief post on Twitter, Mr Yediyurappa said that he was fine but had been hospitalised on the advice of doctors. While his daughter Padmavathi has also tested positive for the virus, the Chief Minister's son, Vijayendra, has tested negative.

The Chief Minister's media team has said he has been admitted to Manipal Hospital. Mr Yediyurappa, 77, also requested those who had come in contact with him to be wary of Covid symptoms and self-isolate.

"I have tested positive for coronavirus. Whilst I am fine, I am being hospitalised as a precaution on recommendation of doctors. I request those who have come in contact with me recently to be observant and exercise self-quarantine," the Chief Minister's tweet read.

The testing of the Chief Minister was done as part of the routine weekly tests he undergoes along with his staff. The results of Mr Yediyurappa's gunmen and security staff, around 50 of them, are expected today.

Staff members at Mr Yediyurappa's home office, Krishna, had tested positive early last month. 

At that time Mr Yediyurappa said: "I am going to discharge my duties from home from today for the next few days in view of some of the staff in the office-cum-residence Krishna testing positive".

Mr Yediyurappa had also met Karnataka Governor Vajubhai Vala in Bengaluru on Friday. State Home Minister Basavaraj Bommai was also present at the meeting.

The Chief Minister is the second high-profile political leader to confirm testing positive for COVID-19 today; hours earlier Union Home Minister Amit Shah tweeted similar news.

Mr Shah, 55, too said he was "fine" and that he had been hospitalised on the "advice of doctors".

The minister also asked all those who had been in contact with him over the last few days to "please isolate yourself and get your tests done".

The Home Minister was at a cabinet meet last week, at which top colleagues, including Prime Minister Narendra Modi, Defence Minister Rajnath Singh and Finance Minister Nirmala Sitharaman were present.

All Covid norms, including social distancing, were followed at that meeting, sources said.

Last month Madhya Pradesh Chief Minister Shivraj Singh Chouhan tested positive for the virus as well. He has been in hospital since then and tweeted today to say that he was well and, minutes after Mr Yediyurappa tweeted his Covid positive status, he posted a get-well-soon message.

"I pray to God for your speedy recovery, Yediyurappaji," Mr Chouhan wrote.

Mr Chouhan had tweeted a message for Mr Shah too. "Home Minister Amit Shah, may God help you recover soon, so you can serve the nation with full energy. Our best wishes are with you," his tweet read.

Former Karnataka Chief Minister Siddaramaiah also tweeted, saying: "I wish BS Yediyurappa a speedy recovery and to return with good health to continue his work for the people".

Tamil Nadu Governor Banwarilal Purohit also tested positive today, Chennai's Kauvery Hospital, where he has been admitted, said. He is asymptomatic and clinically stable.

On Sunday morning the virus claimed the life of a UP minister - Kamal Rani Varun, 62, died at Lucknow's Sanjay Gandhi Postgraduate Institute of Medical Sciences.

Over the last 24 hours, 54,735 cases were reported, taking the total number of cases to 17,50,723, data from the Health Ministry showed.

The continuing spike in cases over the past weeks comes as India gradually re-opens its economy after more than four months of the world's strictest lockdown. Unlock3, the third phase of easing of restrictions, came into effect on Saturday.

It took just 185 days for India to cross the 17-lakh mark after the first case was reported in Kerala in January; it took 110 days to record the first 1 lakh cases. More than 60 per cent of total cases in the country and over 50 per cent of total deaths have been recorded in July.

Also Read: Karnataka CM is in clinically stable condition: Manipal Hospital

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News Network
March 18,2020

Mysuru, Mar 18: Even though the migration season is coming to end and the winged visitors are set to fly back, the water bodies where most birds nest and breed are under close surveillance with the report about spread of bird flu in Mysuru as unusual death of birds can be a cause for worry and hence the authorities are on high alert.

At Karanji Lake, the birds are watched in detail twice – morning and evening. If any sick bird or dead bird is noticed, the Zoo Vets are alerted. So far, no such birds had been sighted. The surveillance data is maintained every day. Intensive surveillance and passive surveillance is done.

Zoo Authority of Karnataka (ZAK) Member Secretary B P Ravi said the birds are doing well and there is no cause for worry with their health monitored constantly along with tests on the bird droppings done every month at the National Institute of High-Security Animal Diseases in Bhopal.

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