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Islamic banking could become available in India

Posted on 19 March 2013

Islamic banking, which follows Sharia requirements and does not allow interest to be charged, could be introduced as an option in India, officials there say. The ruling coalition, led by the Congress Party, has made “financial inclusion” a key item on its agenda.
Many of India’s 177 million Muslims, who constitute the nation’s largest and most influential minority, are outside the banking system, and the authorities would like to change this situation………………………………………..Full Article: Source

 
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