Topic: Islamic Banking

Modi’s Sukanya Samriddhi Yojana ‘un-Islamic’ as per Sharia, 200 Islamic scholars pass a fatwa against it

The fatwa department strikes again, this time, interest earned in Sukanya Samriddhi Yojana is declared 'un-Islamic'.

Darul Uloom Deoband issues fatwa asking Muslims not to marry bank employees

Both Muslim men and women have been asked to follow this

Islamic Banking idea by RBI is a step backwards towards Sharia law

While it may appear that the idea will help in financial inclusion of Muslims, it’s a regressive step.

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