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A panel of experts today said that Islamic banking has huge scope in Jammu and Kashmir and it is the way forward for the state’s development, as the alternative banking will not only bring financial inclusion but provide equity based and interest less finances for businesses, institution building and entrepreneurs. The experts were speaking at …
(MENAFN – Gulf Times) A few months ago, the path seemed to have been cleared for the introduction of Islamic finance in India after the country’s central bank made a proposal to launch Islamic banking windows at conventional banks. This would have had two crucial effects: Firstly, greater financial inclusion of unbanked Indians, not necessarily …
Mumbai: – Stating that Islamic finance offers advantages like lower bad loans, an arm of Islamic Development Bank (IDB) today said it will impress upon RBI to introduce the alternate way of finance in India. “We would like to understand their views on Islamic finance in general and if they feel it is applicable to …
Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest Shariah-compliant lender, is exploring an entry into India as it seeks to benefit from the funding needs of one of the world’s fastest-growing economies. “We as part of our international growth strategy are looking into India as one of the emerging Islamic finance markets,” Chief Executive …
NAGPUR, India, Oct. 2, 2015 /PRNewswire-iReach/ — The report “Global Takaful Market 2015-2019” has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, GCC, and ROW; it also covers the landscape of the global takaful market and its growth prospects in the coming years. The report includes …
India’s first brand of halal beauty products sees a market much bigger than the Muslim community Vegetarian and vegan cosmetics, in themselves a niche market, can now count halal cosmetics as a competitor on the horizon. While they have been available in global markets for a while now, India now has Iba, a brand of …
AHMEDABAD: In India ‘halal’ may be a word one relates with meat and meat products, but a rising number of personal care brands in the country are lining up for halal certification for their products, which would mean they are free of any animal derivatives, chemicals and alcohol. For the sect of consumers seeking cruelty-free …
A halal cosmetics brand, Iba Halal Care, launched last year by two sisters in Ahmedabad, India has revealed ambitious growth plans to open a new store in its homeland every month, as well as launch in west Asia and South Africa by full year end, according to a report in The Business Standard. Parent company Ecotrail …
Chennai: Asserting that acquiring knowledge of Islamic Finance (Ilmul Muamilat) is mandatory for every Muslim, Professor Irfan Shahid, Islamic finance expert, said Muslim youth should take up the subject in large numbers as there are plenty of opportunities in Islamic Finance industry in West Asia and North Africa. “Islamic Finance is a branch of Muamilat …
Start-up Ecotrail Personal Care’s cosmetics brand Iba Halal Care to tap West Asian, South African markets Two young Jain sisters who have ventured into the super niche segment of ‘halal’ cosmetics with the launch of their brand Iba Halal Care in Ahmedabad around a year back, are not only eyeing the national arena but also …
DELHI – State Bank of India (SBI) Mutual Fund has deferred the launch of Shari`ah Equity Fund in India, aimed at attracting investments from the country’s Muslims, sparking rumors that the promising fund was suspended after pressures from Hindu groups and parties. “I don’t know what happened but in this country if the name of …
Entrepreneurial sisters got the first certificate of producing Halal cosmetics in subcontinent. Dubai: Two young Indian sisters are seeking to make a mark in the highly competitive global cosmetics market worth billions of dollars annually and dominated by industry giant. The sisters, from Teli family in Ahmedabad in Gujarat, are looking at a “niche market” …
