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India: Early introduction of Islamic banking sought

Posted on 21 February 2011

From Hindu.com: The Rajasthan Muslim Forum has called upon Union Minister of State for Finance Namonarain Meena to facilitate introduction of “interest-free Islamic banking windows” within the existing regulations in the conventional banks through a proposal in the 2011-12 Union Budget to be presented in the Parliament’s session beginning on Monday.
In a letter addressed to Meena – who represents the Tonk-Sawai Madhopur Lok Sabha constituency in Rajasthan – the Muslim Forum said here on Sunday that the interest-free banking, the demand for which was consistency being made for quite some time, would enable the economically disadvantaged sections of society to access banking products effectively……………………………………….Full Article: Source

 
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