Thursday, 5 April 2012

"Ethical sharia investments": Most interest-free banks in India ... cheats, defaulters

Most interest-free banks in India have turned out to be cheats, defaulters

April 5, 2012
By Maqbool Ahmed Siraj
It is not that interest-free investments (or Halal investment) is per se bad. But in absence of a regulatory authority, there is no way one can have trust in these bodies. India is a paradise of cheats. Companies, investments and banks despite being monitored by regulatory authority, cheat the investors, depositors and share holders. Even with a regulatory body, they can make hay while sun shines.
More hay-making at NV News