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Islamic Finance Briefing - Categorized | Banking, People more

Islamic banking ideal for economic growth: Expert

Posted on 02 May 2011

The interest-free Islamic banking system will provide the ideal thrust to India’s economic development, an expert said here Sunday. Islamic banking, which propagates zero-interest lending, can solve not only farmers’ crisis but will also fill the gap between the financially-excluded and financially-included classes in India, Irfan Shahid, an economist and expert on Islamic banking, told a seminar here Sunday.
The programme was organised by the Muslim Educational Social and Cultural Organisation and the Arabic Language and English Education Foundation……………………………………….Full Article: Source

 
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