WASHINGTON: The United States on Wednesday congratulated Indian Prime Minister Narendra Modi on his coalition’s election win, saying it hoped to work with the Hindu nationalist leader on a “free and open” Asia.
“The friendship between our nations is only growing as we unlock a shared future of unlimited potential,” President Joe Biden wrote on X, formerly known as Twitter.
The White House later announced that National Security Adviser Jake Sullivan would be traveling to New Delhi for talks with the government on “shared US-India priorities, including the trusted, strategic technology partnership.”
Separately, State Department spokesman Matthew Miller said the United States hoped to keep advancing “our partnership with the Indian government to promote prosperity and innovation, address the climate crisis and ensure a free and open Indo-Pacific region,” a US catchphrase for opposing assertive moves by China.
Miller in a statement called the election “the largest exercise in democracy in human history,” and commended “Indian voters, poll workers, civil society and journalists.”
The United States since the late 1990s has put a high priority on building relations with India, seeing the billion-plus democracy as like-minded on key areas including the rise of China and the threat of Islamist extremism.
Biden has kept up the courtship, welcoming Modi on a state visit last year and boosting the role of the “Quad” — a group bringing together the United States, India, Japan and Australia, all major democracies with degrees of friction with China.
The embrace of Modi comes despite criticism from human rights groups and some left-wing members of Biden’s Democratic Party over what they see as rising authoritarianism by the Hindu nationalist prime minister.
The Biden administration, while gently raising concerns on human rights, has largely brushed off concerns and moved full-speed ahead with Modi.
But senior US officials quietly warned India of consequences to the relationship after federal prosecutors last year alleged that an Indian intelligence officer was involved in an assassination plot against a Sikh separatist on US soil.
Modi is set for a third term in office after the election, but his Bharatiya Janata Party lost seats and will need coalition partners, falling short of early hopes of a landslide.
US congratulates Modi, hopes to work for ‘free and open’ Asia
US congratulates Modi, hopes to work for ‘free and open’ Asia
- Modi is set for a third term in office after the election, but his Bharatiya Janata Party lost seats and will need coalition partners
8 in 10 British Muslims face ‘financial faith penalty’ when seeking home finance, survey finds
- Restricted choices plague potential buyers
LONDON: Eight in 10 British Muslims say their home finance choices are restricted because of their faith, according to a new national survey that highlighted what researchers describe as a growing “financial faith penalty” in the UK housing market.
The report, published by Islamic home finance fintech firm Offa, found that 80 percent of Muslim respondents believe their religious beliefs limit their access to suitable home finance, while those who do use Islamic products often face slower decisions, heavier paperwork and poorer customer experiences than in the conventional mortgage market.
Based on surveys of 1,000 British Muslims conducted by Muslim Census, and 2,000 non-Muslims carried out by OnePoll, the research calls on providers, brokers and policymakers to modernize Islamic home finance and improve access to Sharia-compliant products.
Among the 24.3 percent of British Muslims who have used Islamic home finance, just 5 percent said they had received a same-day decision.
Some 62 percent waited up to two weeks, while 33 percent waited more than 15 days, including 16 percent who waited over a month.
Long decision times were cited as the biggest challenge by 28 percent of respondents, followed by excessive paperwork (22.6 percent) and poor customer service (18.9 percent).
Islamic home finance differs from conventional mortgages by avoiding interest and steering investment away from sectors considered harmful to society, including gambling, alcohol, tobacco, arms trading and animal testing.
Sagheer Malik, chief commercial officer and managing director of home finance at Offa, said the findings showed British Muslims were being underserved by outdated systems.
Malik said: “Property is the asset class of choice for many of the UK’s 3.87 million Muslims, both as a route to generational wealth and as a long-term financial foundation, yet our insightful research report reveals that British Muslims are being underserved and deterred by slow, outdated and opaque Islamic home finance provision.
“This is not a niche concern. It goes to the heart of financial fairness and inclusion in modern Britain.”
He added that Muslims deserved Sharia-compliant products that matched mainstream standards on “price, speed and simplicity.”
Despite strong demand, uptake remains low.
Only 12.8 percent of British Muslims surveyed said they currently use Islamic home finance, with a further 11.5 percent having done so in the past. More than three quarters (75.7 percent) have never used it.
Faith plays a central role in financial decisions, with 94.2 percent saying it is important that their financial products align with their ethical or religious beliefs. Yet more than half of those using conventional mortgages said they felt unhappy or uneasy about doing so because of their faith.
The study also found that British Muslims share similar home ownership aspirations to the wider population, with 79.1 percent citing the desire to provide a stable home for their family, while 18.6 percent said building generational wealth was their main motivation. Only 2.2 percent said they did not want to own a home.
The report suggests Islamic finance could appeal beyond Muslim communities. While 64 percent of non-Muslim respondents had never heard of Islamic home finance, 63 percent said they favored its ethical principles once explained.
Younger generations were the most receptive, with 43 percent of Generation Z and 37 percent of millennials saying they would consider using Islamic home finance, compared with just 7 percent of baby boomers. More than three quarters of Gen Z and 72 percent of millennials also said it was important that their finance provider avoided investing in ethically harmful sectors.
Offa said the findings pointed to an opportunity to expand ethical finance in the UK, provided the industry can deliver faster, simpler and more transparent services.
