Sharia Banking

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

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