12.01.2010 - Why Islamic banking is not acceptable in India
From Organiser.org: Islamic scholars argue that payment of interest is a bane on the society. What are the alternatives especially example, for old-aged people who live on the interest from deposits of their lifelong savings, if interest is prohibited? How will banks survive without charging interest on loans extended? An Islamic banks cannot charge interest, but then what does it do to survive?........................................Full Article: Source
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