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Latest Articles in islamic banking

No Islamic Banking In India: RBI

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.

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Government May Announce Islamic Banking Norms

Islamic banking is based on an interest-free principle in line with Islam's ban on usury; RBI has proposed opening of 'Islamic window' in conventional banks

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Islamic Banking Will Strengthen Democracy In India

The Government must nurture young sapling of Islamic Banking so that the country may reap the benefit of its fruit in the coming years

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As Rajan Departs, RBI Opens Door To Islamic Finance

The RBI said it would explore introducing interest-free banking products in consultation with the government

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