Islamic Banking

Islamic banking: RBI spikes Raghuram Rajan's proposal as equal bank access available for all citizens

In 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.

RBI won't pursue proposal for Islamic banking in India, says ' wider, equal opportunities' available to all citizens

In a major move, the Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country.

Reserve Bank of India says it won't pursue proposal for introduction of Islamic banking in the country

In a major move, the Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country.

i-flex Deploys FLEXCUBE For Islamic Banking

i-flex has announced the successful deployment of FLEXCUBE for Islamic Banking across the Middle East.

RBI's idea to bring Sharia Banking into the fray is deeply flawed

It 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

Islamic Banking: India has potential to become world leader in this system

Rather than stigmatising it with a religious label, India should look at how it could gain from the inclusiveness of Islamic Banking

Why RBI's move to implement Islamic banking is exhaustive and thoroughly mature

Interest-free banking which is based on a participatory model should be allowed to function in India so that people have the option to enter into commercial transactions which are participatory in nature.

BSE launches broad-based Islamic index comprising 500 cos

The Bombay Stock Exchange (BSE) has launched an Islamic equity index based on the wide-measure S&P BSE 500 index, providing a new benchmark for Islamic investors in one of the world's largest stock exchanges.

Islamic bonds and the lessons India can learn from UK

No political party can find legitimate cause to oppose the creation of Islamic bonds by the Indian government.

British govt promotes London as Islamic finance hub

The UK's first Islamic Finance Task Force is aimed at cementing the city's status as the Western hub and preferred choice for the Muslim world to invest in and do business with.