Internet Banking Solution

I am an American who runs a travel company in India, therefore making it an Indian business. We are putting up a website and want to accept online payment solutions, but everyone seems to want US bank accounts, which we don't have (we have an Indian bank account with the State Bank of India). Anyone have any ideas about how to accept payments from Americans for an Indian company? Thanks.

http://PayPal.com

2008-06-22 19:32:22 by majuowra

Dad vs Son.......because the unexpected must be expected.

I need a list of Banks in Egypt that provide Islamic banking solutions please. Full service including non-interest bearing accounts and Islamic investment solutions, and good internet banking platform.

Have you tried them yourself?

.
Egyptian Girl: I am familiar with financial concepts so please explain to me what you wanted to say.
On the other Hand, I know that some activities of some Islamic banks are not Sharia compliant, thats why I need a list of banks to research before I start anything.
Edit:

Thaks Zoser. Most of what you said is correct. However, we are advised to stay away from "Shobhat" as well. so, even if there is a "Shobha" it is much better to leave it.
The other part about the thousands of projects you are talking about. I agree, but the bank gives a fixed interest rate not related to any profit they get from their project. Then why always the interest rate of Lending is higher than this of deposits? that is the bank profit.

The other issue, is the kind of projects that the bank sponsors, whether it is a new Beer factory or a hotel in Las Vegas,..etc. I need to make sure that projects are pure of anything against Islam.

It needs a lot of research to ensure that the bank really follow these rules, and I agree that many Banks that call themselves Islamic are not.
Thanks for your help, it is very useful as usual.
Edit 2:

Zoser, yes understand this party very well. That is the rule of necessity.
In my case it is not necessary, I can pick and chose the bank I want, I can chose the type of investment I want to subscribe to any time I want. In this case I am obliged to follow the Islamic rules, and promite Islamic compliant investments rather than just take the easy way.

Allah gives us the money, wealth and power to test us and see how are we going to contribute to the society and world. So, if I have an Islamic choice and go for something I am not sure about then I have to prepare a good answer for Allah in the day of judgement.
edit : Sorry it is "Part" not "Party" :):)

Albertan Bank of Egypt, Cairo

Egyptian Company for Business and Trade S.A.E

Egyptian Saudi Finance Bank (Dallah Al Baraka), Cairo

Gulf Company for Financial Investment

Faisal Islamic Bank of Egypt, Cairo

Islamic Bank International for Investment and Development, Cairo

Islamic Investment and Development Co., Cairo

National Bank for Development, Cairo

The Arab gulf bank for Islamic banking

Banque Misr for Islamic banking

Now I believe all banks are the same Islamic or not Islamic, after all the so called Islamic banks deposit the large amount of their assets in American, European banks or the central Bank of Egypt,,, and they get Interest for that deposit,,, after all lots of religious scholars stated the interest from Banks is not Raba,,,and they have a theory for that if you want to know it ,, I can write it down to you,,,
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edit
Dear I will explain why the interest is not considered Reba:
when you lend someone money, with a contract , and you agree in a certain interest, lots say it is not Reba but (Shobaht Reba), as the borrower can refuse or accept,before doing the borrowing so you do not oblige him to do that,, and that is not different than selling goods with a raise in price if it is -(installment-wise,).., consider you are selling Gold to someone, You raise the price of the Gold if he does not buy immediately,,, Gold was the money long time ago.so what is the Reba in that??.. Now when it is Reba? when this person already borrowed the money and accept the raise in the price,(the interest) and then can not pay,,, in that case if we raise the interest (the price ) That is completely a Reba,,,the reason that Reba is a sin, is that we are using people problems , and they can not refuse as they already borrowed the money...that will lead to hate among people and maybe crimes..
Now, some other conditions for the Reba:
1) the borrower is weaker than the lender, in Case of the bank
the lender (you) is weaker than the bank,, so you are not using the bank or twisting its arm
2)The bank is using your money in 1000's projects, and no way will lose,, and if so , it is granted by the central bank and lots of insurance policies (you are paying with others for them) so actually it is impossible that the bank will be in problems, as the central bank will pay your money instead,,,and actually lots of the money you deposit goes to the government in sort of treasury bonds,,
3) one important point, and that is also in common with the punishment of stealing money,, The Islamic punishment of stealing money from A PERSON IS COMPLETELY DIFFERENT than stealing from a bank (beat mal) as this is considered public money, and the punishment is less than stealing from a person, why>>> , because regarding the common money, The bank will not hate the thief, like a person if he is robbed, Now applying that also in the interest , we see that Bank interest is not a real Reba...and God knows better,

to bad that I could explain that better in Arabic, I read a research about that like a book,, this is the conclusion of course
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edit2
Now about the source of the money,and where it comes from: if someone is working in a hotel as an example , where they serve alcohol, but say he is an Engineer in this hotel, Is his salary considered (haram) , NO, although part of his salary is from the profit of that Alcohol,there is a famous rule that , if a part of your salary (or profit ) is Halal, that will make all your money halal, if there is no intention by you to have Haram money,,, that can be apply also in the banking, you do not have intention to finance Haram projects, you leave that to the resposible,then even so , if the major profit is from a halal source,that will make all your money halal, if you do not have your self any relation with the haram projects...
Leading life is notcomplicated ,, and Yasero wal to3asero,,

2008-06-21 08:00:44 by Sultan Shalfat the Adventurer

Price: $165.00

alright so almost a year ago i got this ransom cheque in the mail for $3000... it was a draft from a major bank in canada called CIBC. at the time i was in a really pinch for money (hadnt eaten for about 2 or 3 days) so i figured that i would see if the bank (TD Canada Trust) would cash it... when i went they scanned it to see if the threds lit up under the light and so on, the check passed all those tests and then the tellers cashed it the same day... so about a month later i find out that my entire bank account is frozen, whatever money i had saved up was gone and i had no way of accessing my bank account. i went to the bank and they said that the cheque was a fake and that i had to pay every cent back... i talked to a few tellers at different branches and they even said that the cheque should have been put on hold untill it went though... me being only 20 i didnt know any of this stuff i am very new to banking... so trying to figure out a solution i asked about maybe getting a loan to cover the expences and pay monthly or increasing my visa limit... they told me that the only way the bank could help was to give me an overdraft and when i asked for details about it they just said i could pay back little by little just like a loan... about 2 weeks later i started getting phone calls multipule times a day demanding me to give them the money ALL OF IT... because of this i had to quit college because of the expances of this overdraft. anotherthing that they "forgot" to inform me of was that overdrafts have a hudge interest fee so even when i was able to put on $100 or more a month by the time the monthy charges came up i was back to where i was or even more in debt... now shouldnt banks have insurance for things like this??? can anyone help me try and get this solved? i wanna be able to start school again but i cant untill i figure this out

I think you mean you received a "random" check. A ransom check is paid to a kidnapper.

The bank is not required to place a hold on any check, and they had no obligation to help you prevent this fraud. In fact, you are technically guilty of a crime if you knew or had any reason to believe that the check could be a fake.

Banks do carry insurance for fraud, but it does not cover the depositor unless the depositor is a victim of fraud. You would be a victim of fraud if someone forged one of your checks or compromised your account in some other way.

Since you are technically one of the perpetrators of this fraud, the insurance is not going to help you. Unfortunately, you have to find a way to pay the bank the full amount of the counterfeit check you cashed.

2008-12-13 15:39:10 by maxwelta

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Hi i want to use Yahoo out calls but i don't have credit card to buy credit my phone out.but i can pay through Internet Banking through ICICI Bank ? If any solution because YAHOO INDIA" can make larger population in India can do the facilities for Internet Gate way payment (Netbanking) Please consider this application. so largest yahoo user in India purchase Yahoo phone out .
Thanking you
Sasi

Yes, you are right, for international calls you have to pay, but in India it is free, let Yahoo people think about your request
You can use other software from www.skype.com for making calls to anywhere in the world. Download from this site any try it.
Hope it will be of help to you.

2008-05-12 09:15:14 by svk451

because i don't have bank account, pay pal account, internet banking, debit and credit card then what is the Solution to send money to out side country except western money transfer, please advice me

You could money order but it would be expensive , courier will not accept money, and whats with a mailed check, you dont have an account right
You have 2 options:
well illegally ....there is hawala.....BUT I WOULD NOT ADVICE YOU THAT

And the second is , Western Union or other similar services......they are quite reliable.......even post offices have them......and they are the only choice left man ......DONT be so SKEPTICALl about them ......

Oh yeah almost forgot if ur reciever has a International account with major banks like Citibank, Hsbc , or Standard Chatered ....then its a simple pay-in acc format at the bank(preferably the head office) but the transaction fees is generally charged higher.......

NOW here is the actual answer to your problem ....not this question alone.....I assume that you are going to send some money to some company who is offering you a job and wants you to fill in an form and pay up some initial Start-Up money .....which may or may not be give it back in the earnings henceforth.......If my assumption is right read on....or pls forgive me for my arrogance .......If the company is not Amway or any popular company ....then its probably that you are being scammed.....I understand you wanna earn money flexibly......I would suggest in being a LIC agent- only 12th std required......the brand is quite reliable and will help you sell a lot if you work HARD......time spent is not the issue ....but its your smartness that matters......Dont fall into scams which promise you a fortune or ask u to just do work like clicking on ads and so on.....or selling medical products......Been there done That......listen to me ...there is no easy way to earn money...only a smart way to do it.......All the Best

2009-02-25 03:54:24 by Shashi M