From Telegraphindia.com: The government of India appears wary of introducing an interest-free Islamic banking system in the country at a time some Congress politicians and Muslim financiers are making a pitch for it.

The Shariah prohibits collection or payment of interest, so many Muslims now avoid opening bank accounts. Advocates of Islamic banking say that introducing Shariah-compliant banking —– where banks neither pay interest on deposits nor charge interest on loans —– would benefit 15 crore Indian Muslims and also the economy by helping unlock the huge sums uninvested by the community………………………………..Full Article: Source