Online Education Beats the Class Room

06-02-2010

A recent 93-page report on online education, conducted by SRI International for the Department of Education, has a starchy academic title, but a most intriguing conclusion: “On average, students in online learning conditions per  more..

Delhi mulls Islamic banking

30-12-2010

New Delhi, Dec. 5: The government is considering changing banking law to introduce an interest-free Islamic banking system in the country, sources said. The Shariat prohibits the collection and payment of interest, so many Mus  more..

RBI to study Malaysia’s Islamic banking model

01-11-2010

Kuala Lumpur, October 27 Prime Minister Manmohan Singh today said that he would ask the Reserve Bank of India to look into Islamic banking practices in Malaysia. The Indian government has received several requests from Islamic   more..

Kerala high court gives approval for starting Islamic Bank

10-02-2011

A new step has been taken by the Kerala government to create an Islamic bank. This bank will satisfy all Shariah rules. Recently the Kerala High Court has dismissed a petition which was filed by former Law Minister Subramanian Swa  more..

Finmin wants NBFCs to start Islamic banking

28-07-2010

NEW DELHI: The finance ministry is considering a new category of non-banking finance companies (NBFCs) that will offer Islamic banking products in India. The decision follows RBI’s reluctance to allow commercial banks to off  more..

RBI mulling permitting Islamic NBFCs

26-06-2010

Thiruvananthapuram, May 20 (PTI) The Reserve Bank today said it is considering the possibility of allowing Islamic financial institutions to function as NBFCs since Islamic banks are not permitted under the present laws. Under   more..

Vatican offers Islamic finance system to Western Banks

25-06-2010

The Vatican says Islamic finance system may help Western banks in crisis as alternative to capitalistm. Friday, 06 March 2009 15:10 World Bulletin / News Desk The Vatican offered Islamic finance principles to Western ban  more..

Kerala govt plans to rope in Shariah-based fund for roads: The Indian Express

10-03-2011

The Left Front government in Kerala plans to depend heavily on Shariah-based fund from Islamic countries for developing the road network in the state. The budget for 2011-12, presented by Finance Minister Thomas Issac in the Assem  more..

Study shows Islamic banks perform best during economic crisis

17-08-1990

Islamic banking practice performed better and showed greater resilience during the recent economic crisis than conventional banking practice, according to new research released today by The British University in Dubai (BUiD), the   more..

Early introduction of Islamic banking sought : THE HINDU

10-03-2011

JAIPUR: The Rajasthan Muslim Forum has called upon Union Minister of State for Finance Namonarain Meena to facilitate introduction of “interest-free Islamic banking windows” within the existing regulations in the conventional   more..

Krishna Iyer hails Islamic banking system

20-11-2010

KOCHI: Former Judge of the Supreme Court of India V.R. Krishna Iyer said here on Monday that Islamic banking provided the humane face to the business of banking and it took into consideration the needs of the poor with kindness an  more..

FINANCIAL INCLUSION - RBI urged to open windows for Islamic banking in select banks

21-10-2010

The Indian Centre for Islamic Finance, a non-profit organization spearheading Islamic banking in the country, has approached the Reserve Bank of India (RBI) to allow a few banks in Mumbai to open interest-free windows on a pi- lot  more..

BSE India to unveil Shariah index, counts on Arab funds

27-01-2011

MUMBAI: Asia’s oldest stock exchange, the Bombay Stock Exchange (BSE), will launch its Shariah index next week. The index, structured in partnership with Taqwaa Advisory Shariah Investment Solutions , will have 50 stocks selecte  more..

The Economic Times : India may get its 1st foreign Islamic Bank in Bank Asya

30-03-2010

India may get its 1st foreign Islamic Bank in Bank Asya 28 Mar, 2011, 07.18AM IST, Dheeraj Tiwari,ET Bureau NEW DELHI: India may soon get its first foreign Islamic bank with the Reserve Bank of India (RBI) seeking g  more..

The Christian Post : Growing Sharia Finance in India a Boon or Bane?

30-03-2010

Growing Sharia Finance in India a Boon or Bane? |Tue, Mar. 29 2011 09:47 AM EDT By Anugrah Kumar|Christian Post Contributor With hundreds of listed Sharia-compliant companies in India’s stock exchanges, Islamic investment  more..

The Economic Times : ET in the classroom: What is Islamic finance?

30-03-2011

ET in the classroom: What is Islamic finance? What is Islamic finance? Islamic finance refers to a financial system that is consistent with the principles of Sharia, the sacred law of Islam. It is different from regular b  more..

Bihar CM urged to use Islamic finance for infrastructure development

30-04-2011

Patna: Bihar Chief Minister Nitish Kumar has been urged to take benefits of interest-free Islamic finance for the infrastructure development of Bihar. H Abdur Raqeeb, Convenor, National Committee on Islamic Banking, met the   more..

Finance Minister moots changes in banking regulations by THE HINDU

10-05-2011

Finance Minister T.M. Thomas Isaac has said that regulations in the banking sector require changes so as to explore new avenues in financing major projects. He was inaugurating a seminar on Islamic banking, organised by the Ker  more..

Finance Ministry briefed on prospects of Islamic banking in India

11-05-2011

New Delhi: As part of their continued, tireless efforts to convince concerned Indian authorities and institutions for allowing Islamic banking and finance system in the country, a high-level delegation of Indian Centre for Islamic  more..

Arab News.com World Bank declares Islamic finance a priority area

05-06-2011

The Islamic Financial Services Board (IFSB), the prudential and supervisory standard-setting organization for the global Islamic financial industry, embarked on a new phase of its development which may lead to a review of its mand  more..

GulfNews.com - Sharia-compliant bank products poised for strong global growth

05-06-2011

Awareness of Islamic finance increasing in Japan, Europe and Australia By Himendra Mohan Kumar, Staff Reporter Published: 00:00 May 23, 2011 Abu Dhabi: As a major global professional services firm, Deloitte has been  more..

Business Line : Gulf Finance House to invest $10 b in Mumbai economic development zone

10-07-2011

Bahrain-based Islamic bank Gulf Finance House will invest $10 billion over the next seven years for setting up an integrated economic development zone near Mumbai. Spread over 1,700 acres, the zone is expected to generate employme  more..

Gulf Finance House BSC in pact with Wadhwa Group to develop MEDZ project

10-07-2011

DUBAI: Gulf Finance House BSC (GFH), a Bahrain-based Islamic investment bank, has signed a partnership agreement with Wadhwa Group, an eminent real estate developer in India.The agreement will see GFH and Wadhwa develop core infra  more..

kerala Govt offers full support to interest-free Islamic banking

10-07-2011

Thiruvananthapuram: The Kerala government will extend full support and cooperation to the interest-free banking system so that it may be used for the development of the state, said Chief Minister Oommen Chandy. The state will try   more..

Chandy backs new banking model

10-07-2011

The United Democratic Front (UDF) government will extend all support to set up an interest-free institutional mechanism for banking and finance in the State, an idea mooted and pursued some distance by the previous Left Democratic  more..

Kerala launches equivalent of Sharia-based deposit scheme

21-09-2011

The interest-free deposit scheme mooted by the Kerala Government is an extension of the Sharia-based banking principles, according to a top State Government official. “The principles are the very same,” Mr T. Balak  more..

‘ Islamic banking has emerged a viable source of financing'

25-09-2011

Notwithstanding India's seemingly linear growth as reflected in the GDP year after year, the number of the poor living below poverty line has only increased. Household income has declined while corporate income has con  more..

RBI ready for Islamic banking, wants Finance Minister to amend law

20-10-2012

The Reserve Bank of India (RBI) has asked the Ministry of Finance to amend banking laws to facilitate the introduction of Islamic banking in the country. According to an official source, the Central bank has wri  more..