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CONCEPT OF ISLAMIC FINANCING MAKES ITS MARK IN TELANGANA
By Md Nizamuddin
Hyderabad: The concept of ‘Islamic finance’ has made its mark in Telangana. The Seva registered as Mutually Aided Cooperative Credit Societies (MACCS) started its operations in Sangareddy in 2012 an...
CHRISTIAN,MUSLIM HOUSEHOLDS TOP IN DONATIONS FOR CHARITY
But in absolute terms, Hindus contributed maximum in 2014-15, thanks to larger population, according to National Sample Survey data
Hindus donated a little over ₹15,600 crore as religious contribution in 2014-15 — six times the quant...
It was 10 am, which meant that the time for transactions had officially begun. On a weekday morning in mid June, Anjum, a 42-year-old jewellery seller, arrived at the Al-Khair Cooperative Credit Society’s Delhi branch, in a tall building in Okhla. Clothes-lines ran through the small office, ...
(Special to ViewsHeadlines.com)
Zakat is not very wisely practiced by Muslims in India. The management system for zakat is elementary. Even now the public opinion is that it is enough to hand a few kilos of flour or some length of cloth and a few hundred rupees is what should be given to beggars ...
By H. Abdul Raqeeb
One fourth of India’s beggars are Muslims and out of these Muslims, there are more women than men. This sad truth became public on July 30, 2016 as the report of survey was published in media.
On December, 2014, Veernagar, Agra, came in the glare of media. Many poor Musl...
By Arno Maierbrugger Gulf Times Correspondent Bangkok
Islamic finance is increasingly being discovered as a vehicle to support sustainable development goals by investments in environmental projects, as well as to deal with challenges of poverty, social inequality and financial exclusion, a method...
The interest money which is not claimed by people due to religious obligations is kept in suspended bank accounts.
The SBI has declined to share the quantum of money lying in suspended bank accounts in which the interest amount of customers, who do not claim it due to religious reaso...
