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

India may introduce Islamic banking

Posted on 20 August 2012

The government is considering introducing Islamic banking in the country. The Ministry of Finance recently asked the Reserve Bank of India (RBI) to reconsider such a possibility.
The RBI formed a committee to look into the matter after Prime Minister Manmohan Singh’s visit to Malaysia in 2010, when Singh indicated that the government was open to the idea of a banking system that could address the long-standing concerns of the business section of a minority community………………………………………..Full Article: Source

 
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