KOCHI: The adoption of Interest Free Banking system in the country offers a great opportunity to attract substantial investments from counties in the west Asian region to India, said Muddassir Siddiqui, a leading authority on Interest Free Banking.
Addressing a press conference — said institutions and high net worth individuals from these countries are looking forward [...]
Although efforts have been made over the past twenty years to bring Islamic banking into India — a country that has more Muslims than Pakistan — as yet the Reserve Bank of India and its master, the Union Finance Ministry, has not given permission for the same. The reason is simple. Across the financial establishment [...]
The International Seminar on Islamic Finance in India: Products, Institutions and Regulations jointly organised by Islamic Research and Training Institute (IRTI) – a member of the Islamic Development Bank Group, Jeddah, and Al Jamia Al Islamia, Kerala is the first of its kind in India. The seminar aims to examine the Indian regulatory and policy environment and discuss the potential for Islamic finance in various components of its financial system.
The three day seminar will provide the participants an opportunity to discuss and understand:
-The ways to introduce Islamic finance products in India;
-To invest in a Shariah compliant mode in a fast growing market – India;
