RBI has permitted opening of Islamic finance windows in commercial banks of India. This indicates that Islamic banking and finance may shortly find ground in India on a large scale. Moreover, Islamic Development Bank through its subsidiary – ICD proposes to start a venture in Gujarat for which an MOU has already been signed. Please click on the links mentioned below for the newspaper reports.
The Hindu | Deccan Chronicle | Indian Express
Two Day International Conference on "Islamic Banking and Finance" at Baba Ghulam Shah Badshah University (Rajouri, Jammu).