Srinagar : Hurriyat Conference (M) chairman Mirwaiz Umer Farooq Friday advised J&K Bank authorities to start Islamic banking in the state and take up the issue with Reserve Bank of India. “As J&K is a Muslim majority state and interest is haram in Islam, it is high time that JK Bank should start Islamic banking. When Islamic banking is allowed in places like US, UK and other European countries what is problem if it is started here,” Mirwaiz told a well-attended Friday congregation at the historic Jamia Masjid in Nowhatta. Urging the people to close those accounts where they are being paid interest, the Mirwaiz said, “I appeal to all the Muslims not to take interest as it is prohibited in Islam.”
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