Taqwa Credit Cooperative society Ltd, known as “Taqwa Financial services” has empowered in to Taqwa Islamic Banking Services and announced commencement of their first registered Head Office in Bhatkal and the first Branch from October 04th 2015 to represent the first Islamic Banking Model in India. After a successful operation in Bhatkal, Taqwa obtained license for the state of Karnataka and established their first Corporate office and second Branch in Jayanagar Bangalore on March 24, 2018, successfully. Taqwa has now obtained NOC from RCS Karnataka for Multi-state license of six states namely; Tamil Nadu, Andhra Pradesh, Kerala, Goa, Maharashtra and Telangana for which operational procedures are under process to receive permission from Centre in New Delhi.

Dr. Mohamed Sayeed Shingeri MBA, Ph.D. from Halifax University in the state of Wyoming, USA. He was born Oct 1, 1955 in Bhatkal, Karnataka, India. He is author of two books in Islamic Banking. He has worked for Multinational Banks and gained rich experience of 2 decades of which Royal Bank of Canada 20 years as a head of 'Unit Financial Control', National Bank of Abu Dhabi in Islamic Banking as a senior position for two years and Abu Dhabi Islamic Bank as a head of 'Policies and Procedures” for three years, while he had been extensively researching in the field of Islamic banking for 30 years guided fully by the highest Shari'a Authority of India Qazi Moulana Mujahidul Islam Al Qasimi and Moulana Abul Hasan Ali Nadvi.