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Sharia banking News

Reserve Bank of India

12 Nov 2017

RBI says no to Islamic banking in India

Replying to an RTI query, the central bank said the decision was taken after considering "the wider and equal opportunities" available to all citizens to access banking and financial services.

Reserve Bank of India

09 Apr 2017

No deadline for introduction of Sharia banking in India: RBI

No deadline has been set for introduction of Sharia or interest-free banking in India, the Reserve Bank of India (RBI) has said.

27 Feb 2017

Can't share details of govt response on Sharia banking: RBI

The response given by the Finance Ministry on an RBI report about the introduction of Sharia banking in India cannot be disclosed, the central bank has said.

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.

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