Dubai: Mangalurean Shabana Faizal receives NRI entrepreneur award

[email protected] (CD Network)
March 25, 2016

Dubai, Mar 25: Recognizing her commitment to responsible business in the UAE and India, Kairali TV has conferred the NRI Woman Entrepreneur Award to Shabana Faizal, Chief Corporate Officer (CCO) and Vice-Chairperson of KEF Holdings at their first-ever business excellence awards. KEF Holdings is a UAE-based multinational diversified group that specializes in innovative offsite construction technology.

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Hailing from the city of Mangalore ,Shabana started her entrepreneurial career in 1995, when she set up Sophiya's World - luxury and special items studio - in Calicut, following her marriage to Faizal E Kottikollon, Chairman of KEF Holdings and the Faizal and Shabana Foundation.

In her dual role at KEF Holdings, Shabana oversees the corporate functions at KEF Holdings including the HR & Administration, Corporate Communications, IT and Legal functions; she is keenly involved in strategizing KEF's foray across infrastructure, healthcare, and education domains in India and the UAE. Shabana also holds the position of Co-Founder & Vice-Chairperson of the company's corporate social responsibility (CSR) arm - the Faizal and Shabana Foundation.

The Kairali TV NRI Entrepreneur Awards ceremony, which was held at the Indian Consulate Hall, Dubai, was headlined by prominent non-resident Indians. The Awards were chaired and juried by Ashraf Ali, Issac John, Senior Business Correspondent at Khaleej Times and Mr. C.K. Menon, Chairman and CEO of Behzad Corporation.

Shabana has a driving passion to make a difference in the lives of the underprivileged, which led to the setting up the Faizal and Shabana Foundation, which serves as the core of KEF's Corporate Philosophy. The Foundation carries out campaigns to improve education, healthcare, sustainable livelihood, humanitarian assistance, youth development and housing in India and the UAE. Her most recent passion project wasthe revamp and enhancement of the GVHSS in Nadakkavu, Kerala which has empowered more than 2400 young girls to believe in themselves and their dreams, and impacted the lives of more than 69,000 students across 65 schools in Kerala.

In 2015, KEF Holdings also completed a residential complex for staff and students of Yenepoya University in Mangalore in a short nine months. This facility was India's first wholly offsite manufactured building complex, a project that Shabana was closely involved with.

Accepting the award, Shabana Faizal said: “I am extremely honored to receive the NRI Entrepreneur Award from Malayalam Communications Ltd and Kairali TV. As Steve Jobs once said, half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. That is one quality that has defined me and my work over the last few years. I have had an adventurous entrepreneurial journey over the last 20 years, and I am very proud of the good work that we have been able to do over this time.”

She added, “Our philosophy at KEF Holdings can be defined through our commitment to make a difference that counts, and this is what is at the core of all our initiatives. I am grateful for this recognition for my work, and I will continue to move forward on the same path.”

Shabana Faizal is the daughter of prominent Mangaluru businessman, B Ahmed Hajee Mohiudeen Thumbey, Founder and Chairman of B A Group and is a psychology graduate of St Agnes College, Mangaluru.

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Mohammed
 - 
Saturday, 26 Mar 2016

congratulations Mrs.Faizal

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coastaldigest.com web desk
May 30,2020

Udupi, May 30: Following the announcement of re-opening of places of worship from June 8, Ibrahim Musliyar Bekal, the Qadhi of Udupi has called upon the Centre and State governments to issue uniform guidelines for Muslims to be followed while going to mosques for congregational prayers.

In a media statement, he said that even though the government is relaxing the lockdown in a phased manner things will not be like before as people have to follow the precautionary measures to control the spread of the coronavirus. 

He said that the union and state governments after holding discussions with the authorities of Central Waqf Council and the State Waqf Boards and Islamic scholars, should form a uniform guidelines for all mosques.

He also suggested a few guidelines such as offering congregational prayers soon after adaan, closing the mosque soon after prayers, maintaining physical distance and avoiding the use of toilet in mosques. 

He also suggested the sick, elderly people and children to prefer to offer prayers in homes instead of mosques until situation becomes normal. 

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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News Network
May 30,2020

Istanbul: Mosques in Turkey reopened on Friday for mass prayers after more than two months as the government further eased strict restrictions to stop the spread of the new coronavirus.

Turkey has been shifting since May to a "new normal" by easing lockdown measures and opening shopping malls, barbershops and hair salons.

President Recep Tayyip Erdogan has said many other sites -- restaurants and cafes as well as libraries, parks and beaches -- will reopen from Monday.

Hundreds of worshippers wearing protective masks performed mass prayers outside Istanbul's historic Blue Mosque for the first time since mosques were shut down in March.

In the Ottoman-era Fatih mosque, worshippers prayed both inside and outside, with the municipality handing out disinfectants and disposable carpets.

"I have waited a lot for this, I have prayed a lot. I can say it's like a new birth, thanks to God, he has brought us back here," he said.

Another worshipper, Asum Tekif, 50, said: "It has a been a long time... we missed the mosques."

Turkey, a country of 83 million, has so far recorded 4,489 coronavirus-related deaths and 162,120 confirmed cases.

Prayers in Hagia Sophia

Muslim clerics on Friday recited prayers in the Hagia Sophia, the world famous Istanbul landmark which is now a museum after serving as a church and a mosque.

The prayers were held to celebrate the anniversary of the conquest of Constantinople, today's Istanbul, by the Ottomans in 1453.

"It is very important to commemorate the 567th anniversary of the conquest ... through prayers in the Hagia Sophia," said President Recep Tayyip Erdogan, who attended the ceremony via videoconference.

The stunning edifice was first built as a church in the sixth century under the Byzantine Empire as the centrepiece of its capital Constantinople.

After the Ottoman conquest, it was converted into a mosque before being turned into a museum during the rule of Mustafa Kemal Ataturk, the founder of modern Turkey, in the 1930s.

But there have been hints about reconverting the Hagia Sophia into a mosque. Last year, Erdogan himself mooted the possibility of turning Hagia Sofia museum into a mosque.

Such calls have sparked anger among Christians and raised tensions with neighbouring Greece.

In 2015, a Muslim cleric recited the Koran in the Hagia Sophia for the first time in 85 years to mark the opening of an exhibition.

After Friday prayers at the Blue Mosque, a small group of Muslim worshippers shouted: "Let the chains break and let the Hagia Sophia open".

The group was later dispersed by the police who stopped them from protesting near Hagia Sophia that sits immediately opposite the Blue Mosque.

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