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Islamic Finance Briefing - Categorized | Banking, New Launches more

Bank on Sharia principles formed in India

Posted on 02 October 2009

From Indiatimes.com: The Marwar Muslim Educational and Welfare Society has established Marwar Sharia Co-operative Credit and Savings Society in Jodhpur. The society is based on Islamic Sharia banking which means cooperative banking that treat customer as its partner.
The chief advisor of the society, Kumar Rajiv, said the financial business in the world is governed by profit-making. This leads to socio-economic imbalance in society………………Full Article: Source

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