AEDOL’S ICON “AMBUR TRADE CENTRE “ COMES TO LIFE V.M. KHALEELUR RAHMANAmbur Trade Centre (ATC)- a three storey architecturally well designed and fully air-conditioned structure constructed with contributions from the Government of India and the industry was opened and “Ambur Open” (a two day Exhibition of Footwear Components, Accessories & Finished Leather) organized by the Ambur Economic Development Organisation Ltd (AEDOL) along with the Indian Shoe Federation (ISF) and the Indian Footwear Components Manufacturers Association (IFCOMA) was...
Tuesday, 10 August 2010
Friday, 6 August 2010
Riba and the Credit needs of Muslims by Syed Hashim Ali (sent by Mr. Hasan Chishti by e-mail)
Posted on 05:33 by vikash gupta
Riba and the Credit needs of MuslimsBy *Syed Hashim AliIntroductionAs a welfare and development administrator it was a painful experience to watch poor and pious Muslims struggling to decide whether they should take a loan offered through a government sponsored scheme for their amelioration, and get their problem solved, or consider it as riba, reject it, and remain in misery. These schemes consisted of long-term loans for land development, medium term for tractors, bullocks, and agricultural implements and short term for seeds and fertilizers....
Wednesday, 4 August 2010
MUSLIMS AND INTEREST
Posted on 09:39 by vikash gupta
MUSLIMS AND INTERESTV.M. Khaleelur Rahman There is much talk about Interest free banking system now-a-days. Maulana Taqi Usmani sahib also addressed a meeting in Chennai on this subject. There cannot be two opinions about the fact that “riba” is prohibited in Islam and Muslims should refrain from doing things which come under this word “riba”. Riba means not only interest but all forms of exploitations. This is the reason why all the past great translators of the holy Quran had given the right meaning for it as “usury”. The beauty of...
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