India gets new Islamic equity fund but debt market still off-limits

India`s 175 million Muslims, the largest Muslim minority population in the world, are unable to use Islamic banks because of laws requiring banks to charge interest, which is forbidden in Islam.

Basel III deposit challenge looms over Islamic banks

As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.

Islamic banking is the need of the hour: Experts

Amid dilly-dallying over allowing Islamic banking in the country, experts have said it is a question of "how soon and not whether it will be allowed", as it can greatly help a fund-starved country get long-term finances.

Islamic banks weather economic storm: Study

Banks that comply with Islamic Sharia
law are thriving despite the global financial crisis, thanks
largely to a "conservative approach to risk," according to a
new listing published on Thursday.