The Reserve Bank of India (RBI) has proposed opening of “Islamic window” in conventional banks for “gradual” introduction of Sharia-compliant or interest-free banking in the country
Support is expected as India – acknowledging the upward trajectory of the global Islamic finance industry – is working towards broadening its potential to become a favoured investment destination for Middle Eastern and Southeast Asian investors looking for Shariah-compliant investments.
This cannot be undone and I am sure it will be greatly appreciated.
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