Latest News on Sharia banking
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Sharia banking - Total results - 6
Nov 26, 2017
Union minister Mukhtar Abbas Naqvi says Centre won't introduce Islamic banking 'as India is a secular country'India has a wide network of banks to meet the needs of people and hence govt has no intention to introduce Islamic banking, Mukhtar Abbas Naqvi said.
Nov 13, 2017
Islamic banking: RBI spikes Raghuram Rajan's proposal as equal bank access available for all citizensIn late 2008, a committee on Financial Sector Reforms, headed by former RBI governor Raghuram Rajan, had stressed on the need for a closer look at the issue of interest-free banking in the country.
Nov 12, 2017
RBI won't pursue proposal for Islamic banking in India, says ' wider, equal opportunities' available to all citizensIn a major move, the Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country.
Nov 12, 2017
Reserve Bank of India says it won't pursue proposal for introduction of Islamic banking in the countryIn a major move, the Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country.
Nov 29, 2016
Islamic Banking: Is the govt warming up to vast investment opportunity in Shara’i bonds?Under the present Regulations of the RBI Act interest has to be paid on bank deposits, but to permit interest-free banking the Central Bank has to amend the regulations
Nov 24, 2016
RBI's idea to bring Sharia Banking into the fray is deeply flawedIt is with astonishment that I read the announcement by the Reserve Bank of India (RBI) last week wherein it proposed the opening of an "Islamic window" in conventional banks for "gradual" introduction of Sharia-compliant Islamic banking in the country