India needs Islamic Finance for infrastructure development: Experts
12/10/2011 10:05:38 AM
NEW DELHI: Islamic finance has emerged as a viable alternative world over after the financial meltdown of the West. It is growing at the rate of more than 15%. Not only Muslim countries but modern, secular and industrialized countries like UK, France, Japan, Singapore and Hong Kong have become hub of Islamic finance & banking, said experts on Islamic banking and finance while urging India to open its door for the Islamic finance.
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