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Delhi to overhaul financial services sector to usher in Islamic banking

Posted on 01 February 2010

From Ethiopianreview.com: India is planning to overhaul the regulation of its financial system to attract investments from the Gulf and to encourage its largely unbanked Muslim population to save money in a way compliant with their religion, a senior government adviser said.

K. Rahman Khan, deputy chairman of India‚Äôs upper house of parliament, told the Financial Times that the ruling Congress party had proposed the introduction of Islamic financial products………………………………….Full Article: Source

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