18.12.2008 - Shari’ah advisory reaches India
From Cpifinancial.net: The last few months have been good for those watching Islamic finance activities in India. It is a well-known fact that owing to its religious sensibilities India has been cautious in allowing Islamic financial activities. Despite having one of the largest Muslim populations in the world and a strong demand for Shari’ah-compliant products from the community as well as the business sector, India has not yet permitted Islamic finance at official levels, though some kind of Islamic financial activities or Shari’ah-compliant products have been on offer for some time now..... Full Article: Source