Friday, June 14, 2024


Islamic Banking

Canada falls to Halal blackmail: How Raghuram Rajan too wanted to introduce Islamic Banking in India

Recently released repport report by Canadian government read, "Budget 2024 announces that the government is exploring new measures to expand access to alternative financing products, like halal mortgages. This could include changes in the tax treatment of these products or a new regulatory sandbox for financial service providers while ensuring adequate consumer protections are in place."

TDP promises to set up Islamic Bank if it comes to power in Andhra Pradesh, BJP calls it divisive: Read why sharia-compliant banking is...

TDP National General Secretary Nara Lokesh promises to establish Islamic bank if the party comes to power in Andhra Pradesh

Uttarakhand: Private Muslim fund operator Abdul Razzaq disappears with crores of rupees deposited by thousands of Muslims

According to the police, the accused was running an interest-free transaction office in Jwalapur in the name of the Muslim Imdadi Fund for the last 10 years.

‘Nobel nominated fact-checker’ Md Zubair spreads fake news that Raghuram Rajan didn’t propose Islamic banking in India, uses a different unrelated report

Md Zubair of Alt News deliberately uses different report on similar subject to make false claim that Raghuram Rajan didn't propose Islamic Banking in India

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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