People in financial distress due to interest need a viable alternative and Islam’s interest-free concept could be a big relief, argued Islamic scholar Khalid Saifullah Rahmani at the Hyderabad launch of Rehbar Financial Consultants.
Speaking on the occasion, Maulana Rahmani said that Rahbar was among initiatives that gave viable Sharia-compliant financial solutions to individuals and businesses.
Islamic finance expert Dr Shariq Nisar gave an overview of Islamic finance and banking services available across the global. “There’s a lot of scope for Islamic finance and banking as an alternative in India”, he opined.
Headquartered in Bangaluru, Rehbar Financial Consultants is headed by its Chairman Sherif Kottapurath. Among its directors are MH Khatkatay, Dr Shariq Nisar and Mudassar Ali Baig.
Indian Institute of Technology (IIT) Mumbai alumni and Islamic banking expert MH Khatkhatay introduced services of Rahbar and its modes of financing.
The company is a financial consultancy and guides businesses and investors to fulfill their financial needs in a Sharia-compliant manner. Among its services are Business Financing, Private Equity, Leasing and Business Consultancy.