Sun, Aug 2, 2015
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

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

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
August 2015
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930
31