| Interest-free banking may attract Malaysian investors in India, if efforts by local financial institutions and non-governmental organisations (NGO) to seek approval for Islamic banking under a new platform are successful.
Earlier this year, the Reserve Bank of India (RBI) made it clear that it could not allow interest-free banking in India, in a blow to attempts by Islamic banking players to get the system recognised in India, but the tide seems to be turning for a solution...............................................Full Article: Source
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