Rajaraja Chola
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Congress is a real curse once it become a family ruled party.. May be Gandhiji had foreseen it.. Thats why he asked to disband it once we got independence.
Actually, it was an idea of Raguram Rajan then the financial adviser of finance minister but was rejected by then RBI governer Subbarao.. I dont know how much of this is true.. Read this.
RBI supports Islamic banking -The New Indian Express
@Rajaraja Chola, this islamic banking is claimed to be a non bank finance firm since banking to be based on interest, is forebidden in Islam
Still we should not favour such banking systems. Its time for everyone to follow one single rules. But I do know some 50000 crores, accumulated from interest sent by Muslims from gulf is pending unclaimed in Kerala banks.
First Sharia-Based NBFC to Open in Kerala After RBI Nod
They can be used for other schemes to benefit Muslims like govt investing on their behalf like they do with LIC money and post offices money.