Jeddah-based group lobbies for interest-free banking in India

Prime Minister Manmohan Singh has been urged by The Jeddah-based Indian Forum for Interest-Free Banking to clear huddles for granting license for Shariah-compliant banks and financial institutions to operate in India.

In a petition submitted to the prime minister at the Emerging Kerala Global Connect they said it would open floodgates infrastructural funding for India.

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