Sharia Banking

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Sharia Banking - Total results - 6
Union minister Mukhtar Abbas Naqvi says Centre won't introduce Islamic banking 'as India is a secular country'
India

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.

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

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
Business

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
India

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.

Islamic Banking: Is the govt warming up to vast investment opportunity in Shara’i bonds?
Business

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

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

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