Sat, Apr 21, 2018
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Market Moves more

Interest-free in India?

Posted on 20 September 2012

In March this year Minister of State for Finance Namo Narain Meena told the Rajya Sabha (Council of States – the upper house of the Indian Parliament) that he had been informed by the central bank, the Reserve Bank of India, that ‘it is not legally feasible for banks in India to undertake Islamic banking activities’.
This was not the first time that the idea of Islamic finance had been knocked back in what is, after all, the country with the world’s third largest Muslim population………………………………………..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
banner
April 2018
M T W T F S S
« May    
 1
2345678
9101112131415
16171819202122
23242526272829
30