Sharia banking: RBI proposes 'Islamic window' in banks

The Reserve Bank of India (RBI) has proposed the opening of "Islamic window" in conventional banks for "gradual" introduction of Sharia-compliant or interest-free banking in the country Stock Market Astrology Tips

Both the Centre and RBI are exploring the possibility of the introduction of Islamic banking for long to ensure financial inclusion of those sections of the society that remain excluded due to religious reasons.

"In our considered opinion, given the complexities of Islamic finance and various regulatory and supervisory challenges involved in the matter and also due to the fact that Indian banks have no experience in this field, Islamic banking may be introduced in India in a gradual manner Financial Astrology Tips