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India Mulls Syariah Banking |
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Sunday
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07/02/2010 |
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Source :
Bernama |
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Indian Minister for Corporate and Minority Affairs Salman Khurshid said that his ministry is open to seek the views of experts on interest-free banking, Qatar News Agency )QNA) reports. |
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Indian Minister for Corporate and Minority Affairs Salman Khurshid said that his ministry is open to seek the views of experts on interest-free banking, Qatar News Agency )QNA) reports.
He added that India has to reach out to huge savings potential that lies untapped through interest-free banking or syariah-compliant financial instruments.
Citing a local daily reported published in Times of India, QNA reported that an international conference of economists investors, consultants and academicians called upon the government to create an Indo-Arab entrepreneurship fund.
They also urged it to accept the recommendations of the committee on financial sector reforms of Planning Commission, under the chairmanship of Raghuram Rajan, with regard to interest-free banking in India.
In order to bring in minorities and weaker sections in the national mainstream, Indian government has established an Equal Opportunities Commission, which will be announced soon, the paper said. |
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