Kerala: India's first Islamic bank gets RBI approval

August 18, 2013

Kochi, Aug 18: The Kerala government has got a go-ahead from the Reserve Bank of India to launch a financial institution following the principles of Islamic finance. islamic_banking

Cheraman Financial Services Limited (CFSL) will be floated by Kerala State Industrial Development Corporation to function as a non-banking finance company (NBFC). A formal announcement on CFSL, the latest incarnation of Al Baraka Financial Services, was made on Saturday.

Industries minister PK Kunhalikutty and CFSL chairman P Mohamad Ali told reporters here that the firm would function as a non-banking finance company with an authorised capital of Rs 1,000 crore.

CFSL has already received clearances from the RBI, the Securities and Exchanges Board of India ( SEBI) and the wakf board, the chairman said.

The Kerala State Industrial Development Corporation ( KSIDC) will be the single largest shareholder in the company, holding 11% shares. The other individual shareholders can hold a maximum of 9% shares.

Counting on the state's traditional Gulf links, the previous government had hoped to raise Rs 40,000 crore. The Sharia-compliant CFSL will launch road shows in various cities of India and the Gulf countries from next month

The body will desist from charging interest on loans or give interests on deposits. It will target sectors like infrastructure, services and manufacturing sectors and keep off taboo areas including liquor, tobacco and gambling or speculation. Financing start-up projects is one of its pilot programmes.

The firm will float an alternative investment fund under the banner of Cheraman Fund, with a corpus of Rs 250 crore. The fund will focus on manufacturing and service sectors, mainly in Kerala.

Initially, the fund will raise about Rs 50 crore and one of the early projects to be taken up will be to provide support to startup schemes, managing director APM Mohammed Hanish said.

Comments

I am very interested to member of an Islamic bank either depositer or shareholder pls inform

ASSALAMUALAIKUM,

SIR, I am looking one islamic bank to complete my house work . I didn't take any loan because all banks taking interest rate for all loans. kindly send me the details of loans. I am in Saudi Arabia. Working Receptionist in Medical Center , Jeddah.

I am from calicut, if there is your branch in calicut city then inform me also.

Regards,

Mohammed Iqbal Maliyekkal

westhill. calicut -5 ( 00966502729622) (Whatsapp no)

Assalamu alaikum
My self yasin mahetar from gujarat long time i finding 0%intrest loan etc but indian bank without interest does not work, as i came to know about islamic bank in kerala, i am writing you message so i request you please email me how can i open account in your bank etc.

Dear Readers,
It,s me Muneer Ahammed A wish to start a new attractive profit making Business in Kerala.
If you feel free make me a call +91 9745 226 500.
(Please contact if you are 100% Genuine)

I appreciate, lead to I discovered just what I
was having a look for. You have ended my four day long hunt!
God Bless you man. Have a great day. Bye

Look into my web page: business marketing: http://isrg.kit.znu.edu.ua/sot-wiki/index.php/Are_Improving_Their_Locat…

I am Indian muslim and small business man, I need business loan of your organization, because my business is bigger now

I am Indian muslim and small business man, my business is bigger now, but presents financial condition is very bad, I need business loan of your organization, please help me

Assalamu alaikum.

I am Sadikh, working in Riyad.

I wish to make a home, but i have no lot of money to make the same and also do not want to take the loan on interest due to religious reason, because my religion does not allow to take the loan on interest, so I would request you to kindly advise if this bank can give the home loan upto 5lacs then i will be able to pay all the loan within3-4 years.
May I know the procedure about this.
Thanking you and looking forward to hear from you soon.

With Regards
Sadikh

My Mb no is 9744347363

Assalamu alaikum

I am sadikh , working in a pvt company in Riyad

wish to make a home, but i have no lot of money to makethe same and also do not want to take the loan on interest due to religious reason, because my religion does not allow to take the loan on interest, so I would request you to kindly advise if this bank can give the home loan upto 5 lacs then i will be able to pay all the loan within 3 - 4years. May I know the procedure about this loan

Thanking you and looking forward to hear from you soon

With regards
Sadikh

As salaam alaikum,

I have house loan can I shift it to Islamic bank, please let me know details.

Regards,
Shahid.
9326649496

Bismillah ir Rahman nir Rahim

Assalamau alaikum ,

My self Mohammed from Chennai. I'm really happy that news of Islamic Bank. I want to open an SB account in Islamic Bank is there in branch in around Chennai. Please lets us inform me.

Please open in lots of Islmaic Bank in Tamil Nadu. Muslim people searching islamic bank in around Tamil Nadu. We are paying lots of interest Indian bank. I request you to obtain the open branch in tamil nadu and all over India.

Rest in mail.

Allah Hafiz.
Regards/Mohammed
Chennai

Assalamu alaykum
This is syed rizwan from tamil nadu part of villupuram dist (gingee ) I want to open account in islamic bank and I want to know the procedure to get loan upto 5 lakhs, pls send me the details .

Jaza kallah khairan

Syed rizwan

?????? ????? ????????? ???????
Dear Sir
I was searching for islamic bank in indiasince long time thanks to Allah that he showed the way through yours Allah Shows us the ways more and more to be close to Imaan Ameen.
I would Like to open NRI Account and Saving Account .Please let me know the procedure

Jazak Allah Khair

Your`s Sincerely,
Mohammed Sayeed
Mobile : 00966565738841

Plz send details to open account and get loan
MASHA-ALLAH

As-slaamu-alekum

I am mohammad azhar and i am from delhi
i would like to starrt my career with islamic bank in india.
Request you to please guide me to enter in islamic banking.

please help me, i want urgen business loan, very urgent

As Salam Alaikum,
My self Mir Shareef Ali. I stay in Hyderabad, Telangana. I would like to open a saving account in Islamic bank. Please let me know the procedure. Below are my contact details.

Mobile number: 9700087648
E-mail: [email protected]

???????????????? ????????????? ?????????? ????? ??????????????
My name is Mojib Khan
I am from mumbai
I want to start a new buisness like Computer engineer AMC shop. But my financial condition is very poor. So need financial help. I want 2 lac loan. I'll clear this amount in 24 month insha allah. Please do the needfull asap
???? ???? ????

I Want Islamic Banking Job, Any Where , My Qualification M.B.A. (Finance /H.R.) i have experience of 6 years in N.B.F.C... jobs available contact me.
Assalamu Alaikum

Sir
I am govt Urdu teacher salary 40000 above I want to contrast new house how I apply for loan as Islamic view....my wife also govt teacher same salary......

Please give details save from haram.......
+91 9949143410 , +91 9440407686

Sir mujhe loan chahiye daughter ki shaadi Karim hai is liya loan chahiye tha 1,50,000 ya 2,00,000 chahiye please help me

Assalamu Alaikum

Dear sir
please help me , my sister marriage is next mounth , i need loan for that please help me please

ASSALAMU ALAIKUM

I NEED PERSONAL LOAN VERY URGENTLY DUE TO MY SISTER\S
MARRIAGE, IN NEXT MONTH PLEASE HELP ME"

Assalam alaikum sir i want job in islamic bank if u have any vacancy plz contact me i completed m.com this year ... Contact me at 7078659755

Assalaam Alaikum,
Mujhe loan ki zarroorat hai.
Mujhe 3.0 lakh chaye .
Please call me 09420367389

Alhamduillah, thanks for this effort.
I am working in Muscat & would like to open an NRI account in ur bank.
Require ur guidance for the same

Al Hamduillah, the most awaited islamic bank is here. I am working in Muscat & would like to open an NRI account in ur bank. Need ur guidance for the same.

Ahsalamu Ahlaikkum,

Dear Sir,

I want to save in Islamic bank.........

So tell me the procedure............

Sir I'm working HDB financial services as sales manager, I have almost10yers experience banking finance sector, I want join Islamic bank,please if you have any vacancy, than inform me. Thanks & regards. Md Farid Uddin. Cont no 9088848054,7890120445

assalamu alaikum.
sir,
i am a gov. Employee.
i have 24lac Housing loan for house Purchase.
my salary is 49000/month.
so can you sanction me house loan.
and what is criteria for home loan.

Assalamualaiykum!
Dear Sir,

I was searching for islamic bank in india since so long thanks to Allah that he showed the way through your's. Allah shows us the ways more and more to be close to imaan Ameen.

I would like to open 2 NRI accounts and 5 Saving Account for my family could you please let me know the procedure Jazak Allah.

Your's Sincerely,

Shabbir Khan
Cell: 00971 55 5634 890

Dear Sir,

I am from Karnataka and working in Dubai.

Can i open NRI account in your bank?

Please send me the details.
Mob no:+971557761533

Regards,
Azeez

I AM SALEEM KHAN , I AM DOING GARMENT MANUFECTURING BUSSINESS IN MUMBAI ALONG WITH MY YOUNGER AND ELDER BROTHER . SIR IN MARCH 2016 MY YOUNGER SISTER MARRIGE IS HELD .I N MARRIGE MY WORKING CAPITAL HAS BEEN SPENT BEEN SPENT SO PLS SEND ME DETAIL FOR TAKINK LOAN MY MOB. NO. IS 7738767199
.

asslam alekum sir
I want to open an account in your islamic bank
can you send me the details??????
thank you.

I am looking for an interest free NRE a/c, can you please help me?

Assala mo alaikum.
Derar sir , meri ek dukan lohe ki MOTHER STEEL & IRON ke nam se purnia bihar me 18 oct 2015 ko oppning huwa h or mai chahta hun k aap k bank se kar bar krun kiyun k agar aap apna customer k like samjhe to mujhe aap cal kr sakte h kiyun k mujhe kuch bank se bhi help chaihiye contact no. 09939756221

Maryland Rooms for rent & shares
available: https://www.roomster.com/app/0000133f/Search/Maryland,%20United%20State… :- https://www.roomster.com/app/0000133f/Search/Maryland,%20United%20State…

Assalamualaikum dear sir,

I want to open account in yr Islamic bank.
Pls guide me.
Salam

Assalamu alaikum dear sir,

I want to open my account in your Islamic bank
Can you please send me required information to open account.
Thanks
Salam

I would like to have my family accounts in Islamic Banks and also would be interested to start a branch in Allahabad, UP.
Please if possible do call me at +91-9611622833

I WOULD LIKE TO OPEN AN SAVING BANK ACCOUNT IN YOUR BANK OF ISLAM, KINDLY SEND ME THE OPENING OF BANK ACCOUNT FORM ALSO SEND THE TERM AND CONDITION TO AVAIL LOAN AND RE-PAYMENT DETAIL. MAY ALLAH GIVE BARAKATH TO YOUR BANK. VASSALAM
MY CELL NO.9840876199/8148641326.

I am looking for the possibilities to open this bank branch in our city.

7zacv

9xpdz

Asslamwalykum aap se gujarish he lona ke liye

Asslamwalykum aap se gujarish lona ke liye

Sir,

It's definitely a good news. I would like to know investments opportunities in this bank. Please mail me your details.

I wishes apporval r b I
secsus opportunity lslamic bank
thanks

Dear Sir / Madam,

I am AHMAD ZOHEB and workign as a EXPORT / IMPORT EXECUTIVE in Kanpur.

I wish to purchase a home, but i have no lot of money to purchase the same and also do not want to take the loan on interest due to religious reason, because my religion does not allow to take the loan on interest, so I would request you to kindly advise if this bank can give the home loan upto 10 lacs then i will be able to pay all the loan within 8-10 years.

Thanking you and looking forward to hear from you soon.

With Kindest Regards,
Zoheb

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Flipkart co-founder Sachin Bansal's wife files dowry harassment case against him, in-laws

News Network

March 5,2020

Bengaluru, Mar 5: Flipkart co-founder Sachin Bansal's wife Priya Bansal has filed a dowry harassment case against the entrepreneur at Kormangala police station in Bengaluru, sources said.

Priya alleged that ahead of their wedding, her father had spent Rs 50 lakh for the arrangements and given Rs 11 lakh in cash to Sachin instead of a car. Further, she has also alleged that Sachin has been pressurising her to transfer all the properties that were in her name to him. However, after refusing to do so her in-laws started harassing her.

A First Information Report (FIR) has been filed against Sachin and three others at Kormangala police station in Bengaluru.

The police are investigating the matter.

Further details awaited.

Comments

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Dexamethasone is a life-saving coronavirus drug, claim Oxford scientists

News Network

June 16,2020

University of Oxford researchers have claimed that a cheap and widely available drug called dexamethasone can help save the lives of patients who are seriously ill with coronavirus.

Scientists working on the Recovery Trial found the drug could help patients on ventilators and oxygen, but had no effect on those who did not need help breathing.

“Based on these results, one death would be prevented by treatment of around eight ventilated patients or around 25 patients requiring oxygen alone,” researchers said in a statement.

Matt Hancock, the health secretary, tweeted: “This global first exemplifies the power of science.”

“I’m absolutely delighted that today we can announce the first successful clinical trial for a treatment for Covid-19,” Mr Hancock said.

Recovery Trial experts said a randomised group of 2,104 patients was given 6mg of dexamethasone per day for 10 days, while another group of 4,321 were given normal treatment.

Dexamethasone reduced deaths by one-fifth in patients on oxygen feeds and by one-third in those who needed a ventilator to breathe, preliminary results showed.

Mr Hancock added: “This is a huge step forward and it’s because we’ve backed the science.”

Martin Landray, professor of medicine and epidemiology at the Nuffield Department of Population Health, University of Oxford, and one of the trial’s chief investigators, said in a statement: “These preliminary results from the Recovery Trial are very clear – dexamethasone reduces the risk of death among patients with severe respiratory complications.

“Covid-19 is a global disease – it is fantastic that the first treatment demonstrated to reduce mortality is one that is instantly available and affordable worldwide.”

Comments

Trials of drug dexamethasone in Covid-19 cases have brought success in saving lives , claim Oxford University scientists on 16 June 2020.

According to news reports on 16 June , 2020 , Oxford University Scientists have conducted trials on anti-inflammatory steroid Dexamethasone in Covid-19 cases. Results released by the Oxford University on 16 June 2020 say that the low-cost and easily available drug saves the people seriously infected by Coronavirus , cuts the death risk by a third for those on ventilators and by a fifth for those on oxygen. The commentary on the drug reads like this :-

“ This is a tremendous news today from the recovery trial showing that dexamethasone is the first drug to reduce mortality from Covid-19. It is particularly exciting as this is an inexpensive widely available medicine. This is a ground breaking development in our fight against the disease and the speed at which researchers have progressed finding an effective treatment , is truly remarkable. It shows importance of doing high quality clinical trials and basing decisions as the results of those trials”.

Covid-19 has taken into its grip the entire world during first half of the year 2020 , infecting lacs and killing also lacs of its patients. In the absence of an effective drug or vaccine , people had no choice other than to look up to the heavens or scientists to come with some cure. And the drug described here is the first one to respond to the prayer of the global community , it seems. As regards a vaccine , only few are claiming that it can come by the end of the present year 2020. Rather , some are of the view that it may take a larger part of the year 2021 and could even go to mid-2022. Whatever that scenario about prospect of arrival of vaccine to treat Covid-19 may be , the news that was broken on 16 June 2020 by the Oxford University scientists in relation to drug dexamethasone would have sent a wave of strength and hope among people world-wide. And this Vedic astrology writer was spirited for another reason as well - a prediction of when some relief by way of drug to fight Covid-19 may appear , having come accurate in the claim announced by Oxford University on 16 June 2020. This writer had , based on interpretation and application of Vedic astrology , contributed in early April , 2020 an opinion piece - “ Some searchlight on way out of Covid-19 presently tormenting mankind” - to a number of newspapers. It was also contributed on 11 April , 2020 using the ‘ comments’ column of article -‘ Heard Charles took Ayurveda treatment-based Ayush drugs for Covid-19’ - at theprint.in/india/looking-at-evidence-based-ayush-medicines-to-treat-covid-19-minister-shripad-naik/393407/. The text in the opinion piece related to the claim of success announced by Oxford University scientists on 16 June , 2020 , reads like this :-

“ So reading in between the lines , it can be said that some effective drug or remedy can arrive by mid or towards the last week of June 2020 to provide some relief during July to September 2020 , to some good extent”.

The point this writer wants to share with readers world-wide is that yes , a drug envisaged in the aforesaid prediction has appeared on the horizon in the claim announcement of Oxord University scientists on 16 June , 2020.

Bio :-

Kushal kumar ,

202-GH28 , Mansarovar Apartments ,

Sector 20 , Panchkula-134116 , Haryana,

India.

Note :- This writer’s significant predictive work covering 2020 about the U.S. and Italy

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Karnataka links pact with art of living to rejuvenate water resources in nine districts

News Network

April 17,2020

Bengaluru, Apr 17: Karnataka on Thursday inked an agreement with the Sri Sri Ravi Shankar-led Art of Living to rejuvenate water sources and improve groundwater recharge in nine districts.

Rural Development & Panchayat Raj (RDPR) Minister KS Eshwarappa held talks with Ravi Shankar on the project. The partnership seeks to take up works through funds available under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA).

The project proposes to take up works in Shivamogga, Udupi, Uttara Kannada, Chitradurga, Ballari, Kolar, Yadgir, Kodagu and Tumakuru districts. Under NREGA, works such as construction of check dams, construction of contours, bunds and so on will be commissioned.

Comments

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.