Re: India's first Islamic bank to start in Kerala by 2010
by Sandy M on Sep 01, 2009 02:56 PM
Looks like the Kerala govt is as egg-headed as the one at the Center. They will never learn. We made a big mistake, a BIG BL00DY mistake in the last election. Instead of booting them out we reelected those m0r0ns into power. We Indians are a masochistic lot.
Re: India's first Islamic bank to start in Kerala by 2010
by Sahara on Sep 01, 2009 02:46 PM
terrorristsss will be given interest free loan by this bank
Re: Re: India's first Islamic bank to start in Kerala by 2010
by Sahara on Sep 01, 2009 02:49 PM
robbing kafirs is halal but taking interest on that robbed booty is haram..what a stupid logic
Re: India's first Islamic bank to start in Kerala by 2010
by Jai Babu on Sep 01, 2009 02:51 PM
@JGN-Why give this a communal colour? Islamic banking arms of global giants like Citibank, HSBC, Stanchart, etc have been operating for many years in the Gulf and other muslim majority countries. What is the harm?? Moreover u must know that people like Muhammad Ali of Galfar and Yusuf Ali of Lulu employ over 55,000 Indians of all religions in their companies. With such people on the Board and the stake of the KSIDC, the system has checks & balances. If anybody does not want to bank with Islamic banks, there are other banks for people to turn to. All banks are controlled by the RBI and the monetary systemin India is quite secure.
Re: Re: Re: India's first Islamic bank to start in Kerala by 201
by Jai Babu on Sep 01, 2009 02:59 PM
@JGN-Fair Enough. The Is1amic banking system is just a different busines model and not related to just being Mus1im! Are there not many Jains do not invest money in businesses that sell meat or liquor? Cant somebody just have a choice of what they want to do with their money?
Re: Re: Re: Re: India's first Islamic bank to start in Kerala by
by JGN on Sep 01, 2009 03:02 PM
There should not be any bank based on any reliigion in a secular country like ours. I have no problem with any one doing what ever they want with their money. They can even throw that down the drain.
Re: Re: Re: Re: Re: India's first Islamic bank to start in Keral
by Jai Babu on Sep 01, 2009 03:09 PM
JGN- The name "Is1amic bank" is a misnomer!! It is just a diferent busines model. For example I may decide to work or buy products only of companies which dont use SWEAT Labour ans so on!! Please give me ur comments on the larger concern of jobs in banking being Sharia' compliant for Mus1ims or not
Re: Re: Re: Re: India's first Islamic bank to start in Kerala by
by Sandy M on Sep 01, 2009 03:04 PM
Yeah, like fund a terror attack. Spomsor terrorism by investing in Pakistani companies. The money would be used to carry out attacks on innocent civilians in India. They (M0ss1es) do not have the spine for a formal attack - on the army. The cowards can only attack the innocent and use insidious means to convert people.
Re: Re: Re: Re: Re: India's first Islamic bank to start in Keral
by Shaheen Haneef on Nov 09, 2009 01:23 AM
It seems, all the fanatics here need some general knowledge about Islamic Banking......these guys dont have the basic knowledge, as they say it is based on religion. The only proper financial system in the world is proposed in Islam(whether you say its based on religio or not, it is for the humanity). Go and have a look what Islam says before wasting your time critisizing Islamic Banking while the whole world including Christian nations started adopting it. Hope that everyone tries to understand something before shouting against it, otherwise it means we are not tolerant and more than that ignorant too. Jai Hind
Re: Re: Re: Re: Re: India's first Islamic bank to start in Keral
by Shaheen Haneef on Nov 09, 2009 01:23 AM
It seems, all the fanatics here need some general knowledge about Islamic Banking......these guys dont have the basic knowledge, as they say it is based on religion. The only proper financial system in the world is proposed in Islam(whether you say its based on religio or not, it is for the humanity). Go and have a look what Islam says before wasting your time critisizing Islamic Banking while the whole world including Christian nations started adopting it. Hope that everyone tries to understand something before shouting against it, otherwise it means we are not tolerant and more than that ignorant too. Jai Hind
The story goes that the beautiful state of Kerala was once ruled by an Asura (demon) king, Mahabali. The King was greatly respected in his kingdom and was considered to be wise, judicious and extremely generous. It is said that Kerala witnessed its golden era in the reign of King Mahabali. Everybody was happy in the kingdom, there was no discrimination on the basis of caste or class. Rich and poor were equally treated. There was neither crime, nor corruption. People did not even lock their doors, as there were no thieves in that kingdom. There was no poverty, sorrow or disease in the reign of King Mahabali and everybody was happy and content.
Re: Re: Happy onam to all !
by Ad Dave on Sep 01, 2009 04:56 PM
if gita,ramayan etc are myths so is Kuran (which is based on somebody's hallucinations with GOD).
Re: In Islamic Banking, You do not seek Loan.. you ask Bank to In
by JGN on Sep 01, 2009 02:46 PM
Then how can they give housing loan to the needy? Is it any kind of investment by the Bank?
Re: Re: In Islamic Banking, You do not seek Loan.. you ask Bank t
by Truth Sayer on Sep 01, 2009 02:53 PM
Bank gives Interest Free Loan for Housing. It Divides profit on account of appreciation should home be sold off in future ever, or serious payment defaults happens.
Re: Re: Re: In Islamic Banking, You do not seek Loan.. you ask Ba
by JGN on Sep 01, 2009 02:57 PM
If the house is not sold for a 100 years, what would happen? Will the bank get any return? How are they going to compensate the depositors?
islamic bank is welcome but the govt should ensure that all transactions are detailed,safe and checked properly. Can be misused by terrorists in Islam's name. I hope our Govt taking all right steps in advance
A very good inniative.But tough Job ahead. 1.Screening of real needy person. 2.Evaluation of pay-back abilitity. 3.what action will Bank take if they fail to return on time.
Helping the poor and increasing social responsiblity of corporates is a very good thing. However, the question of jurisprudence arises. How can there be two sets of laws in the country, one the Indian constitution and the other the Shariah law? It does not make sense in India's secular environment. How can the Indian constitution not be challenged when someone is invoking a religious law to morph banking? Of course, Islamic banking would be more noble than the present day affairs of bankers the world over, but without going into such knitty-gritties, the question of constitutional viability and challenge to India's secular position is concerned. Islamic banking is in a way anti-thetical to the secular structure of India. Would such a banking differentiate between common Indians on the basis of their religion? Giving loans to only muslim Indians and not giving to poor non-muslims? These are questions that arise in a thinking secular Indian's minds. However, religion based banking must be avoided, notwithstanding the high corruption in our present secular-Banking!
Re: Helping poor is a noble cause, but is religious bank permitte
by Ravi Chandran on Sep 01, 2009 02:44 PM
Only if it is 'h1ndu bank', it is re1igi0n-based or c0mmuna1. This is a 100% secu1ar name.
Re: bank
by mohammad akhtar on Sep 01, 2009 02:48 PM
who are just pretending interest by the name profit.They are free to do that bcz Allah has given a free-will to all.But in the hereafter he will certainly punish those law brakers.In Islam Interest taking and giving both is invalid and not acceptable at all.
