18.02.2013 - India: RBI has a positive approach towards Islamic banking: Minister
The Reserve Bank of India has taken a positive approach to the suggestion of an alternative banking system for Muslims, subject to certain laws being amended first, K. Rahman Khan, Minister for Minority Affairs, said here recently. I have written to the RBI Governor, invoking Section 25 of the Constitution, saying that it was the duty of the State to facilitate every citizen to practice and follow his/her religion, he said, adding that Muslims being given no option but interest-based banking amounted to obstruction in practice of religion...............................................Full Article: Source
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