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20 Nov 2016

RBI proposes 'Islamic window' in conventional banks for gradually introducing Sharia banking

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.

30 Aug 2016

RBI, govt exploring introduction of interest-free banking

Reserve Bank and the government are exploring introduction of interest-free banking, also known as Islamic Banking, to financially include sections of the society that remains excluded due to religious reasons.

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