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RBI rules out introduction of Islamic Banking

Last Updated: Thursday, November 22, 2012, 18:05

Reserve Bank Governor D Subbarao on Thursday ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at.

Germany to get first Islamic bank in October

Last Updated: Thursday, August 30, 2012, 10:05

Turkey's Kuveyt Turk investment fund plans to open the first Islamic bank in Germany in October, the Financial Times Deutschland reported.

Abu Dhabi Islamic Bank opens first UK office

Last Updated: Monday, June 11, 2012, 16:28

The bank will serve its clients from the UAE whose interests are increasingly international and who often choose London as their base for business and personal transactions.

HC nod for country`s first Islamic bank

Last Updated: Thursday, February 03, 2011, 21:16

The Kerala High Court today cleared the way for setting up the country`s first Islamic bank in this state.

Kerala court stays government-aided Islamic banking

Last Updated: Thursday, April 08, 2010, 17:31

Kerala High Court Thursday in an interim order restrained the government or state-run organisations from starting Islamic banks, but allowed a private company to start its operations.