2016-05-17.2

Islamic bank
 following are allowed or not, if not allowed alternative
     personal loan
     educational loan
     marriage loan
     health loan
     trip loan
     electronic items loan
     furniture loan

 if installment paid few months, late will they pay penalty

 insurance alternative
     https://www.finextra.com/blogs/fullblog.aspx?blogid=8334
     takaful insurance
         mutual protection, co-operation between members
         joined benefit
         shared responsibility
         all members contribute money to pooling system
             in order to guarantee against loss or damage
         main objective
             no profit
             mutal support
             shared responsibility
         pooled money invested in sharia based investments

         avoid
             Gharar -> contractual uncertainity that lead to dispute
             Maisir -> element of speculation in contract
             Riba -> any amount that is charged in excess which is not exchange for due consideration

         advantage:
             share loss of others(donation part)
             share profit of pooled money(profit share percentage)
 chit allowed or not

Kuwait
 taxi aggregator
     easy taxi
 taxi rent
 truck aggregator
 import, export

------

 services
     health
     education

 goods
     medicines
     books
     instruments

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necessity  vs need
daroorah  vs haajah

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Kuwait
    population?

    easy taxi

    not uber yet

    government approval for taxi rental

    kuwait taxi


------
easytaxi founders   

------
easy taxi
    mobile app
    countries: 30
    founded: 2011
    founding place: Brazil
    taxi drivers: 4 lakh
    active user: 1.7 crore
    incubated by: Rocket internet

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borrow books in taxi,
give it next trip
-------   

Rohit Verma
  diskover.in
    found member
    lots of share

  skills
      javascript

  education:
      mca from IIT Roorkee

  crawing, scraping, data minging, nlp
  scale problem
  offline fashion discovery
      inventory problem

  online fashion recommendation
      suggest based on survey, recommendation

  seperate team to fill the gaps.

  Veena founder
      fashion domain knowledge

    found on linkedin
    looking for tech guys to implement

    got 60 lakhs seed
    difficult to pay money

 companies
     moveinsync
       similar to ola
         but office employee
     common floor

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