Islamic Banking is a phenomenon gaining                momentum world wide. It enhances                distribution of wealth and ensures equity and                justice in financial dealings there by                promising balance growth of the economy. This has made Islamic Banking widely acceptable. In June 2000 AICL was privileged to join 250 plus Islamic Financial Institutions world over. And with a successful track record of paying dividends for three consecutive years after commencing business, the Company is looking forward to diversify its activities and widen its service base.

Apart from mobilizing investments and offering non-interest based capital for business purposes, an alternative financial system should also ensure the availability...

 

The Company has raised its capital issuing equity shares through private placement. Commencing with a share capital of a 2.5 crores

 

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