| From Livemint.com: Islamic finance will serve its purpose better if is propagated as a bouquet of products rather than as a category of banking. Even as the Reserve Bank of India (RBI) and the finance ministry stand resolutely against the introduction of Islamic banking, market participants are trying to get a slice of the $1 trillion global Islamic finance pie.
Last week, the Bombay Stock Exchange launched a shariah-compliant index that will “allow domestic and foreign investors to buy stocks in line with the investment guidelines derived from the shariah”..............................................Full Article: Source
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