Kerala: India's first Islamic bank gets RBI approval

coastaldigest.com news network

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.

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

Business development loan

Get your loan at 3%
24hrs services
If you are okay respond back to us asap

--
Do you need a loan to pay your bills at 3% interest rate? If yes email
us back via; [email protected] ;for more details
with the following information below ,

full name
loan amount
loan duration
loan purpose
Phone Numbers

Best Regard .
Anthony Bennett
(973)602 7884

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.

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.

BJP fields Kishore Kumar Puttur from DK-Udupi Local Authorities’ Constituency

News Network

October 1,2024

The BJP has selected Kishore Kumar Puttur as its candidate for the bypoll to Karnataka Legislative Council from Dakshina Kannada and Udupi Local Authorities’ Constituency. The by-election will be held on October 21.

Kishore Kumar is presently serving as the General Secretary of Dakshina Kannada BJP unit. He had served as vice president of State BJP Yuva Morcha from 2014 to 2016.

The by-election will be held to the seat vacated by Kota Srinivas Poojary of the BJP who has been elected as the Lok Sabha member from Udupi-Chikmagaluru Lok Sabha constituency. The vacancy was created on June 15, 2024 following Poojary’s resignation to the Council. His term in the council was till January, 2028.

In the last Council election held for the dual member constituency in December 2021, Poojary had secured 3,672 votes while the Congress candidate Manjunath Bhandary had secured 2079 votes. Poojary and Bhandary had secured required votes from the first preferential votes and had won the election.

There were several aspirants for the BJP ticket including former MP Nalin Kumar Kateel, DK BJP president Satish Kumpala, Mangaluru divisional in-charge Uday Kumar Shetty, former minister Pramod Madhwaraj and former Udupi district BJP president Kuilady Suresh Nayak.

The Congress is yet to announce its candidate for the election. KPCC working president Manjunath Bhandary in a recent press meet in Mangaluru had said that an opportunity will be given to congress leaders from Udupi district to contest by-election.

The Dakshina Kannada and Udupi Local Authorities’ Constituency has 6037 voters including 3551 from Dakshina Kannada comprising eight MLAs, one MP. The last date for filing nomination is October 3 and the last date for withdrawal of nomination is October 7. The counting will be held on October 24.

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.

JD(S) leader G T Devegowda backs CM Siddaramaiah in MUDA row, taunts HDK

News Network

October 4,2024

Mysuru: Chairman of JD(S) core committee and Chamundeshwari constituency MLA G T Devegowda on Thursday expressed his solidarity with Chief Minister Siddaramaiah saying the latter need not resign, while lambasting leaders of his own party and alliance partner BJP, including Union Minister H D Kumaraswamy.

In his speech during Mysuru Dasara inauguration he said that if persons against whom FIR is registered have to resign, many leaders from all the three parties, including Opposition Leader R Ashoka, will have to resign.

“All are sitting in glass houses... Since I know Siddaramaiah well, I am talking about him. At a time when mines and real estate are ruling politics, Siddaramaiah has survived in politics. He has never done any favour,” Devegowda said.

He added, “Allegations against Siddaramaiah are unexpected and accidental. If the Governor and Chief Justice order an investigation, it does not mean that he should resign."

He continued, asking, "Have they told Siddaramaiah to resign or have they asked to imprison him? When a person becomes a Central minister, he or she should realise their dignity and responsibility. Instead of recognising the good work done by Siddaramaiah, they ask him to resign. Will Kumarswamy (facing an FIR) resign? Should Siddaramaiah, who has become CM with a support of 135 MLAs, resign?"

"Opposition leaders are not remembering the good work of earlier CMs Kengal Hanumanthaiah, Veerendra Patil, Ramakrishna Hegde, H D Deve Gowda or S M Krishna. Karnataka is a model state. It is a bad trend to topple an elected government which is doing good work,” he further said.

Devegowda added, “Siddaramaiah is Goddess Chamundeshwari’s ‘Varaputra’ and hence has her blessings during tough times. He won the election in Chamundeshwari Assembly constituency, when the BJP-JD(S) government was in power in 2006. With the blessings of the Goddess, he has held varied positions right from becoming an MLA for the first time in 1983. He presented 15 budgets and has become CM for a second time. He took H C Mahadevappa, a Dalit leader to the state level. Siddaramaiah has the support of Deputy CM D K Shivakumar as ‘Jodeththu’. Blessings of the beneficiaries of guarantee schemes are with him (Siddaramaiah).”

Siddaramaiah said, “Devegowda was a MUDA member. He knows the truth. Hence, he is saying this. His words have filled strength in me. ‘Satyameva Jayate’, Truth will always triumph.”

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.

SIT raids rape accused BJP MLA Munirathna’s residence, 15 other locations

News Network

September 28,2024

Bengaluru, Sep 28: The Special Investigation Team (SIT) probing charges against arrested Karnataka BJP MLA N. Munirathna Naidu, including allegations of rape, honey-trapping, and other offences, on Saturday conducted raids at his residence and 15 other locations across the city.

Sources confirmed that the raids were taking place at his Vyalikaval residence and other properties owned by the BJP MLA. The operation is being conducted by the SIT under the Criminal Investigation Department (CID) led by ACP Kavitha.

The team is examining documents, electronic devices, and other materials related to the rape and honey-trapping case. The SIT is being supported by experts from the Forensic Science Laboratory (FSL), with Superintendent of Police (SP) Sowmya Latha also participating in the search and inspection at Munirathna’s Vyalikaval residence.

According to sources, the raids were triggered by information provided by the victim, who alleged that Munirathna recorded footage of sexual assaults and used it to blackmail politicians and public servants, including IAS and IPS officers.

The victim reportedly revealed that she was used to entrap the woman who had lodged a rape case against a senior IFS officer. She was allegedly instructed to frame the rape victim in a drug peddling case.

The complainant told police that she was tasked with capturing compromising videos of the rape victim who had filed the case against the IFS officer. She claimed that, after several failed attempts to obtain the videos, the victim was drugged with sleeping pills, and obscene footage was recorded without her consent. Later, the IFS officer was bailed out from the charges.

Furthermore, the complainant has accused MLA Munirathna of raping her at his office within the state legislature, in his official vehicle, and at his godown. She has alleged that he recorded videos of these assaults.

Police sources also revealed that the victim in the MLA's case provided details of a plot involving sending HIV-infected women to Munirathna's targets in an attempt to ruin them politically and personally. She also disclosed the names of several politicians whom she had entrapped through honey-trapping.

The woman further claimed that Munirathna had threatened to have her son kidnapped and killed if she refused to comply with his demands. According to her, the MLA had a well-organised team dedicated to carrying out these honey-trapping operations, and she provided details about his close associates and relatives involved in the scheme.

Munirathna, who was in judicial custody following his arrest in the rape and honey-trap case, has now been taken into the custody of the SIT.

The MLA was transferred from Bengaluru Central Jail to the CID office on the night of September 24. The BJP legislator, however, has denied all the allegations, claiming they are false.

Karnataka Congress leader D.K. Suresh had alleged that Munirathna was trying to infect his adversaries with HIV and that the government should investigate the matter.

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.