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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

India: Minorities panel chief pitches for interest-free banking for Muslims

Posted on 11 June 2012

To uplift the standard of the needy Muslims, Union Finance Ministry and NCM chairman Wajahat Habibullah pitch for interest-free banking utilising the thousands of crores lying unaccounted in banks across the country and belonging to Muslims.
Thousands of crores lying unaccounted in banks across the country and belonging to Muslims could be used for the uplift of the poor section of the community, provided the Reserve Bank of India (RBI) gives the go-ahead………………………………………..Full Article: Source

 
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