08.03.2010 - India rules out Islamic banking for the moment

From Thaindian.com: India Friday ruled out introducing Islamic banking in the country for the moment, making the wait longer for interest-free access to finance under the principles of Sharia. The introduction of Islamic banking was recommended by a committee on financial sector reforms, set up by the Planning Commission, for delivery of interest-free finance on a larger scale, even through the banking system.............................................Full Article: Source

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