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Islamic Banking system can be introduced in India without any amendments in the Banking Regulation Act of India, 1949,” said Abdul Hasib, former Director, Reserve Bank of India. The Islamic Banking system will be helpful for underprivileged and marginalised people, he added.
He was addressing a seminar on Global Financial Crisis and Islamic Economic System organised by Jamaat-e-Islami Hind in Mumbai last week. Advocating for introduction of Islami Banking in the country, A...  |