Riba Current Affairs, GK & News

RBI proposes ‘Islamic Window’ in Banks

November 21, 2016

The Reserve Bank of India (RBI) has come up with a proposal for opening of ‘Islamic window’ in conventional banks for a gradual introduction of Sharia-compliant (interest-free) banking in the country. The move is aimed to ensure financial inclusion of some sections of society that remains excluded due to religious concerns.   Islamic banking is ..

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