Saturday, June 19, 2021

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Islamic Banking

IMA scam: CBI files supplementary charge sheet, names several police officers including husband of Congress MLA Anjali Nimbalkar

The charge-sheet alleges that Nagaraj, along with other police officials, did not verify and act on the complaints against IMA

Absconding ‘halal’ investment owner releases a video, offers to surrender, vows to expose big politicians after coming back to India

Earlier Mansoor Khan released an audio clip in which he accused senior Congress MLA Roshan Baig of arm twisting and refusing to return Rs 400 crore.

Owner of ‘halal’ investment group flees leaving investors in lurch, blames Congress MLA for taking 400 crores

Founder and managing director of a Sharia-compliant investment firm, Mohammad Mansoor Khan went viral where he claimed he is ending his life due to financial distress

Modi’s Sukanya Samriddhi Yojana ‘un-Islamic’ as per Sharia, 200 Islamic scholars pass a fatwa against it

The fatwa department strikes again, this time, interest earned in Sukanya Samriddhi Yojana is declared 'un-Islamic'.

Darul Uloom Deoband issues fatwa asking Muslims not to marry bank employees

Both Muslim men and women have been asked to follow this

Islamic Banking idea by RBI is a step backwards towards Sharia law

While it may appear that the idea will help in financial inclusion of Muslims, it’s a regressive step.

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