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    haidar ali's Avatar
    haidar ali Posts: 1, Reputation: 1
    New Member

    Oct 8, 2015, 12:16 PM
    Work in modern bank
    Is there any way so that RBI gives permission to open islamic bank in india
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,302, Reputation: 7692

    Oct 8, 2015, 04:05 PM
    There are already investment companies that follow Muslim practice in India.
    A bank, because government banking rules could not discriminate against some specific business because of the restrictive Sharia law which does not allow normal profit procedures and would not loan to certain investments.
    talaniman's Avatar
    talaniman Posts: 54,328, Reputation: 10855

    Oct 9, 2015, 10:35 AM
    As long as they adhered to the same laws, rules, and regulations any other banks adhere to, why not?

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