| Topic : Trends In Banking |
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Finance & Accounts |
Banking & Insurance Professionals |
Consumer & Retail Banking in India
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Activity:
Question posted: 01 18 2010 08:32:00 +0000,
2 answers, 292 views, last activity
07 06 2010 20:18:08 +0000
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yes. islamic banking is the best alternative to the current international economic situation. india can take lead to implement islamic banking. there should be more publicity of the islamic banking idea to be populer. i am sure indian public attitude will accept the islamic banking.
Mr.Khan, firstly, One Islamic Bank is already running in the Malappuram district of Kerala. Secondly, an Institute of Islamic Banking and Finance has already incorporated with the Government of Andhra Pradesh at Hyderabad.
1) http://www.islamicbankinst.com/home.html
If you want to know its prospects in India, Please visit this site:-
2) http://www.indlawnews.com/display.aspx?4256
As far as my personal opinion is considered, Islamic Bank cannot be called a Bank in India because of RBI guidelines to provide interests to customers and in Islamic banks, you do not have the option for Interests. As so called Islamic Banks currently in India do not have the status of Bank most Islamic Bank are called Financial Institutes and cannot issue cheques. So, its not ethical on banking perspectives to allow these banks in India.
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