tag:blogger.com,1999:blog-319255270410241154.post7279945181992205046..comments2023-05-26T09:49:55.091-04:00Comments on Idling, Inc: Why Wal-Mart Will Help Finance CustomersIdlerhttp://www.blogger.com/profile/13812152678557636207noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-319255270410241154.post-6866815906147983272007-06-25T13:47:00.000-04:002007-06-25T13:47:00.000-04:00Islamic financing debuts in IndiaIslamic financing...Islamic financing debuts in India<BR/><BR/>Islamic financing does not permit the lender to charge interest against loan. Shariah forbids any fixed return on capital, so charging or receiving interest is ruled out. The financing or loan is provided on a risk-sharing basis, which is in compliance with the Islamic laws. The returns on Shariah-compliant lending involve a share of profits earned by a borrower.<BR/><BR/>http://ia.rediff.com/money/2007/jun/25fin.htmIdlerhttps://www.blogger.com/profile/13812152678557636207noreply@blogger.comtag:blogger.com,1999:blog-319255270410241154.post-91458524937997159482007-06-24T23:32:00.000-04:002007-06-24T23:32:00.000-04:00ICICI's share sale is half the $10 billion the nat...ICICI's share sale is half the $10 billion the nation's banks plan to raise in the year through March 2008 as they seek to benefit from rising demand for credit. The bank has doubled its profit during four years of at least 8 percent economic growth in the national economy by lending more to India's 300 million-member middle class.<BR/><BR/>ICICI, which makes two-thirds of its loans to individuals, expects to increase lending to Indian companies that are expanding abroad with acquisitions, and to a rural economy that's home to more than 600 million of the nation's 1.1 billion people.<BR/><BR/>http://www.bloomberg.com/apps/news?pid=20601091&sid=aEy4dtU7CTF8&refer=indiaIdlerhttps://www.blogger.com/profile/13812152678557636207noreply@blogger.com