Thursday, January 10, 2013

'India should look at Interest Free Banking system as a humantarian concept, and not a religious concept'

.......The difference between interest free banking system and Islamic banking systems are: Islamic banking system will not allow investment in liquor, gambling or any other unethical business, whereas the non Islamic bank allows all kind of quick money making ventures. Not only Muslims but all other religious groups also can make use of this interest free banking systems under the RBI’s strict controls and regulations...............

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