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Why The Government of India is not allowing the Interest Free Banking or Welfare banking (Islamic ) in India?
Interest free banking is the welfare banking {Islamic banking and finance} is only for the welfare of the human-being not like the conventional banking which creep the blood and life of the mankind. All banks and financial institutions all over the world opening their Islamic banking window; this is for the human kind not for a special community and Islam always taken care the welfare of mankind
Public Comments
- may be because the'bank' will not conform to the rules of business in india?
- Islamic banking is like all other Islamic principles--they are based on hearsay and faith and indoctrination, not based on true and tried methodology. Government of India is right.
