From Indiatimes.com: At a Reserve Bank of India meeting, a team of Islamic scholars and senior lawyers met a top central bank official to talk about the possibility of a pilot project where banks in India may open special windows to offer interest-free products that are based on Sharia’h, the sacred law of Islam.
The RBI official, like most RBI officials, was non-committal. But the delegation that visited the regulator challenged the fundamental argument that the finance ministry as well as RBI have so far held on to……………………………………….Full Article: Source