01.04.2010 - India: Building new ties with sukuks
From Businessandeconomy.org: As of now it doesn’t seem that the Indian government is every enthusiastic about bring home investments from such funds. One of the reasons is that the current systems in India does not fully support Islamic Banking, which are a major part of Islamic Fundings. Besides to attract Islamic Funds, India needs to substantially change its tax structure in order to be able to benefit from the funds. Then there are the religious issues as well, which can turn out to be a major roadblock. Since these funds are branded as Islamic Funds, people related to other religions may not like to use such loans from Islamic Banks.....................................Full Article: Source