............ “Islamic banking is not possible. There are some legal problems. We have studied the issue. We appreciate the objectives behind the request. But there are some legal problems. It can be got around not through banking, but other vehicles.” He’s partly right. But the fact is even he is partly wrong. Islamic banking is not possible even though an enabling legislation, for the whole idea is a myth and cannot be introduced in a country where normal banking exists, and which claims to be secular...........
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