November 26, 2017 10:34 pm | Updated 10:34 pm IST - Hyderabad
The Union government has no intention to consider introducing Islamic banking, Union Minister for Minority Affairs Mukhtar Abbas Naqvi said here on Sunday.
Islamic, or Sharia, banking is a system of finance in which interest is not charged.
“In India, the government will not allow Islamic banking because India is a secular and democratic country,” the Union Minister said.
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