New Shari'a Compliant Bank to open up in Bhatkal

September 12, 2015 | Corresondent | Bhatkallys News Bhatkal: A new Islamic bank representing a full range of banking services in accordance with the laws of Sharia will soon open up in Bhatkal. The new Sharia-compliant bank, called, Taqwa Credit Cooperative Society Ltd, will commence its operations from October 04th 2015 in Bhatkal to represent the first Islamic Banking Model so as to spread its wings later to all over India. The bank will be located at NH-66, Above TFC.Inn, Bhatkal with a vision to grow fast all over India to serve for all the communities irrespective of cast and creed. An inaugural function will be held on Oct 04th at 11 am in which Moulana Khalid Saifullah Rahmani, Secretary, Muslim Personal Law Board will participate as Chief Guest. A session for women will be organized in the evening at 5 pm. A function will also be held at Rabita Hall later in the evening at 9 pm. The bank can be contacted at the following contact details: Telephone: +91 8383 22 22 88 Mobile: +91 9945 44 77 88 E-mail: contact@taqwasociety.com Website: http://www.taqwasociety.com The Sharia law Islamic banks prohibit bank from charging interest on loans, as well as to take part in investments, especially those considered haram, like gambling, weapons, prostitution and alcohol. -ARF