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
February 27,2020

Bengaluru, Feb 27: The Centre has adopted Prime Minister Narendra Modi's mantra of "Make in India', for India and the world" to build strong defence and security infrastructure in the country, said Defence Minister Rajnath Singh after inaugurating the new Light Combat Helicopter Production Hangar at Helicopter Division in Hindustan Aeronautics Limited (HAL) Complex here on Thursday.

According to an official statement, the Defence Minister said in the last five years, India has made significant progress towards manufacturing military equipment indigenously under the 'Make in India' initiative.

Stressing that the defence industry plays a major role in the economic development of the country, Singh lauded the significant contribution of organisations like HAL.

Highlighting the Rs 35,000 crore exports target set for the coming years, he expressed confidence that HAL, through its various platforms, will contribute significantly to achieve this milestone.

According to the statement, Rajnath Singh commended HAL for being the backbone of the Indian Air Force and meeting the requirements of the Armed Forces.

"The HAL has excelled both in operations and finance in the last five years. It has achieved operational clearance on seven platforms, including Light Combat Aircraft and Light Combat Helicopter, and overhauled platforms like Hawk and SU 30 MKI," he said.

He also appreciated that HAL had a turnover of Rs 19,705 crore till March 2019 and it gave shareholders a healthy dividend of 198 per cent.

HAL also apprised the Defence Minister on the progress of the new design and development programme of indigenous Indian Multi-Role Helicopter (IMRH), the statement informed.

The full-scale mock-up was showcased to Rajnath Singh. The IMRH is proposed as a replacement to the existing medium-lift helicopters such as Mi17's, Kamovs and Seakings which will phase out in the next eight to ten years.

LCH is a 5.5-tonne class combat helicopter designed and developed by HAL. It is powered by two Shakti engines and inherits many technical features of the Advanced Light Helicopter. LCH has the distinction of being the first attack helicopter to land in Forward Bases at Siachen, 4,700 mts above sea level with 500kg load.

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coastaldigest.com news network
June 7,2020

Bengaluru, June 7: Promising Kannada actor Chiranjeevi Sarja died of heart attack in Bengaluru on Sunday. He was 39. 

The actor complained of severe chest pain and respiratory problems on Saturday. He was immediately rushed to Sagar hospital in Jayanagar, according to sources.

It is said that he suffered heart attack. Doctors attempted to revive him, but the efforts failed.

Chiranjeevi Sarja, the relative of mutlilingual South Indian actor, Arjun Sarja, had married Meghana Raj, the daughter of Prameela Joshai and Sundar Raj in 2018. He acted in 22 films. 

His throat swab sample have been sent for testing, added the sources.

He had started his career with Vayuputra in 2009. Shivarjuna, which was his last film, had released days before lockdown was imposed.

In October 2017, he was engaged to actress Meghana Raj. They married on 2 May 2018.

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News Network
May 23,2020

Mangaluru, May 23: In order to ensure that students do not miss out on their studies due to educational institutions being shut owing to the coronavirus lockdown, Dakshina Kannada Pre-university College Principles Association (DKPUCPA) is conducting online classes on YouTube for pre-university students.

The online lessons are shot by lecturers at St Aloysius College and the lectures are then uploaded on YouTube enabling students to watch them online.

"The whole world is currently in a crucial situation because of COVID-19, and because of the lockdown, all are forced to stay indoors. Usually, we used to conduct lectures in a class full of students, but now it is a new experience that we are providing the same information to students in their absence," Rajaram Rao, a lecturer said while speaking to news agency.

He said at present these classes are being conducted for second year pre-university students.

If any student has a doubt on any concept, he said they can contact the teachers. "At present, students also are getting information about the teachers who have uploaded the videos. All the information about the teachers is already being uploaded on the system so that they can contact the teacher," he said.

Dhanya, a student, hailed the DKPUCPA for the setting up of the online classes despite the prevailing situation.

"The teachers who have taught in these classes have taught very well, as if they are teaching right in front of us. It has been very useful for me during this time," she said.

The nationwide lockdown imposed to combat the threat posed by the coronavirus pandemic has been extended to May 31.

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