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India to get its first Islamic bank


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kiran
Nothing wrong.
by kiran on Feb 05, 2011 09:53 AM

There is nothing wrong in having a Islamic bank, as along as it does not effect other communities interest and the law of the land is followed.

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ashok kumar
Misunderstanding
by ashok kumar on Feb 05, 2011 09:02 AM  | Hide replies

Islamic bank means-every customer will share the profit of bank. It will not give any fixed interest directly. Taking interest is against Islam.

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Ranbir Thakur
Re: Misunderstanding
by Ranbir Thakur on Feb 05, 2011 09:05 AM
how the profit will come in a banking institution?

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Jimmy Khan
Re: Re: Misunderstanding
by Jimmy Khan on Feb 05, 2011 09:49 AM
bank's profit comes through actual trade, leasing, and other halal business activities

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this that
Re: Re: Re: Misunderstanding
by this that on Feb 05, 2011 03:37 PM
WHICH IS IMPOSSIBLE EXCEPT WHEN BLACK MONIES ARE CHANNELED.

DONT TEACH BANKING TO OTHERS.

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ashok kumar
Re: Misunderstanding
by ashok kumar on Feb 05, 2011 09:04 AM
all can be member of it...regardless of caste, sex, religion, etc.

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Utpal Pal
Re: Re: Re: Misunderstanding
by Utpal Pal on Feb 05, 2011 11:30 AM
JGN
nobody is asking you to become a member of this bank you have wide range of options.

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this that
Re: Re: Re: Re: Misunderstanding
by this that on Feb 05, 2011 04:52 PM
IS THAT AN ANSWER

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exit reality
Do we need this Bank funded by Government?
by exit reality on Feb 05, 2011 09:00 AM  | Hide replies

Do Reserve Bank Rules Applicable to this?
Another way of dividing India in terms of Cast,Creed and Religion. These people don't want the Indians together. By Consitution, India is a SOCIALIST SECULAR DEMOCRATIC REPUBLIC. There is no Socialism, no secularism and Democracy is misinterpreted(exploitation of the Poor and backward and surplus wealth creation of Richest). Even after 63 years of Independence India has most of the people Poorest and Backward not allowed to come to mainstream. They are kept alieniated using providing subsidies and reservation to keep them always mentally backward. Richer section in the backward class enjoy the benefits. No investment on infrastructural support for them. Shame on democracy.

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rejeen v
Re: Do we need this Bank funded by Government?
by rejeen v on Feb 06, 2011 03:06 AM
No RBI does not allow this in India now. The news is wrong, this is a non-babking financial institution not a bank.

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Prabhat shahi
Islamic bank
by Prabhat shahi on Feb 05, 2011 08:52 AM  | Hide replies

Can a hindu become a member/account holder in "Islamic bank".If yes,this will be a great relief to rotten banking system prevailing in the country.

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Jimmy Khan
Re: Islamic bank
by Jimmy Khan on Feb 05, 2011 09:51 AM
this banking is open to everyone, hindu, muslims, etc.

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Utpal Pal
Re: Re: Re: Islamic bank
by Utpal Pal on Feb 05, 2011 11:35 AM
JGN
nonsense.

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Ranbir Thakur
Re: SECULAR!!!
by Ranbir Thakur on Feb 05, 2011 08:59 AM
Yes, it's true. Naming a bank like 'Sanatan' or 'Hindu' will become a communal act within India and our own people like 'Diggy' will call it a crime committed by 'RSS'. Here nothing is to blame our muslim brothers and let them practice their religion but at the same time let's be impartial for others as well.

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Ashish Srivastava
One more way to polarize India
by Ashish Srivastava on Feb 05, 2011 08:48 AM  | Hide replies

This is just one more way to polarize indians on the basis of religion. I can't imagine Hindus or any other religion customers going to Islamic banks and very likely muslims are going to be conslidated into their own banking system. Not a good sign for Indian democracy and secular fabric

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Jimmy Khan
Re: One more way to polarize India
by Jimmy Khan on Feb 05, 2011 10:00 AM
islamic banking is growing very fast globally, india will be one of the last to jump on the bandwagon.

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rk singh
Does this bank give insurance against..
by rk singh on Feb 05, 2011 08:44 AM

Caravan robbers and bandits?

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om shanti
Both aspect
by om shanti on Feb 05, 2011 07:54 AM  | Hide replies

Good in a way that Indian muslims will bring back money to India from their accounts in foreign islamic banks.How much you are sensititve,this is truth,ealthy muslims deposit money in foreign islamic banks..

So what is bad? All muslims will throng into islamic bank and close their accounts in other banks.So,it will polarize banking customers based on religion.

This bank is a soft power of islam and communalism will be promoted in indirect way.
Anyway,no problem,as Kerala,Kashmir,Assam,etc are going to be Islamic Republic of Kerala,Islamic Republic of Assam,etc under the patronage of sickular congi government..

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Confused Mind
Re: Both aspect
by Confused Mind on Feb 05, 2011 07:57 AM
It can have a different currency maybe (T=>) TERO

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Utpal Pal
Re: Both aspect
by Utpal Pal on Feb 05, 2011 11:33 AM
you want to everybody to sing the way savarkar has sing the tune.


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om shanti
Both aspect
by om shanti on Feb 05, 2011 07:53 AM


Good in a way that Indian muslims will bring back money to India from their accounts in foreign islamic banks.How much you are sensititve,this is truth,ealthy muslims deposit money in foreign islamic banks..

So what is bad? All muslims will throng into islamic bank and close their accounts in other banks.So,it will polarize banking customers based on religion.

This bank is a soft power of islam and communalism will be promoted in indirect way.
Anyway,no problem,as Kerala,Kashmir,Assam,etc are going to be Islamic Republic of Kerala,Islamic Republic of Assam,etc under the patronage of sickular congi government..

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