The Islamic or Sharia-compliant financial system is based on the principles of not charging an interest on deposits, as it is prohibited un...

Replying to an RTI application filed by a PTI correspondent, the central bank said the Government of India had sought its comments on the l...

Responding to an RTI application, the RBI said it has not taken any step to introduce Islamic window in banks for gradual introduction of S...

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Shiv Sena member Chandrakant Khaire expressed himself against allowing an Islamic window saying this banking system was based on Sharia law.

"Introduction of full-fledged Islamic banking with profit-loss sharing complex products may be considered at a later stage on the basis of ...

The new standard, which will allow banks to issue Sharia compliant gold products, should help ease much of the confusion and hesitation.

The current penetration of Islamic banking in the region stands at 21.4 per cent and represents a 14.6 per cent share of the global market.

Shivji himself is currently working with a few such developers in Mumbai, but admitted that there's a dilemma surrounding the developers’ p...

Secura India Real Estate Fund, first Sharia compliant VC fund has launched its second scheme of real estate fund with a size of Rs 50 crore.

Prime Minister Manmohan Singh on Wednesday said that he would ask RBI to take a look at the demand for establishing Islamic banking in Indi...

The Kerala High Court on Thursday ruled against state’s participation in the Shariah-based banking activity.

The UPA government has drafted a report on Islamic banking even as RBI and the finance ministry are jointly working on necessary legislativ...

Aggressively pitching for $1 trillion worth of Sharia-compliant funds from the Gulf countries for investments in its infrastructure develop...

The concept of Islamic funds, which invest in Sharia-compliant stocks, is catching up fast in India.

Reliance Money has joined hands with Parsoli Corporation to launch Islamic Sharia-compliant portfolio management schemes in India and the M...

Foreign investors are showing increasing interest in Pakistan’s Islamic banking, with direct investments exceeding Rs 2,000 crore.