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RBI Recommends Interest-Free Banking to Reach out to a wider base in its report of the Committee on Medium-term Path on Financial Inclusion

One area that has not been adequately addressed is the role of interest-free banking in financial inclusion. Globally, interest-free banking, also known as Islamic banking, has witnessed a significant increase, especially in the wake of the financial crisis. According to Lagarde (2015), total Islamic finance assets are estimated at around...

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RBI Recommends Interest-Free Banking to Reach out to a wider base in its report of the Committee on

rbi.org.in