Posts Tagged first Islamic Bank in Kerala

Saturday, November 29, 2008 10:16

Islamic Banking in India

Islamic Banking in India

Islamic banking is the banking based on the Islamic law (sharia). According to Islamic law the interest is prohibited in the process of banking. The payment as well as the acceptance of interest is prohibited in Islamic law.
In Islamic banking, the banks will conduct business and the outcome of business will be shared with [...]

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Saturday, November 29, 2008 10:16

Islamic Bank in Kerala

Islamic Bank in India
The first Islamic bank in India will be situated in Kerala. The first Islamic bank in Cochin, Kerala will start functioning in 2010. The Islamic bank is helpful for the non-residents of India (NRIs) and who shortly return to India after loosing or resigning job or business abroad. Islamic banking is [...]

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