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Tides turning for Islamic banking in India?

Posted on 23 April 2013

Interest-free banking may attract Malaysian investors in India, if efforts by local financial institutions and non-governmental organisations (NGO) to seek approval for Islamic banking under a new platform are successful.
Earlier this year, the Reserve Bank of India (RBI) made it clear that it could not allow interest-free banking in India, in a blow to attempts by Islamic banking players to get the system recognised in India, but the tide seems to be turning for a solution………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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