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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Indian FM urged to open interest-free window at banks in India

Posted on 09 December 2010

From Twocircles.net: A delegation of Indian Centre for Islamic Finance (ICIF) called on Union Finance Minister Pranab Mukherjee at his residence in Kolkata on 4th December 2010 and urged him to expedite the process of introducing interest-free banking for the marginalised and the minorities in the country.
Headed by H Abdur Raqeeb, General Secretary, ICIF and Convenor, National Committee on Islamic Banking, the delegation urged the FM to consider the issue in the background of setback in microfinance institutions as well as the RBI’s rural initiative receiving a serious jolt with its pilot project in the North East region……………………………………….Full Article: Source

 
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