AIMPLB criticizes Darul Uloom Deaband’s fatwa against marrying bankers Current Affairs 

AIMPLB criticizes Darul Uloom Deaband’s fatwa against marrying bankers

Lucknow: The All India Muslim Personal Law Board (AIMPLB) on Friday criticized the prominent Islamic seminary Darul Uloom Deoband’s new fatwa directing Muslims not to marry into families earning money through banking and related jobs drawing income from interests. “A large number of Muslims are working in the banking sector. Issuing a Fatwa asking Muslims not marry people employed in the banking sector is wrong. People who issued this Fatwa must review this because it will lead to further rift and confusion in the Muslim society. There is no need…

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RBI not to pursue Islamic banking proposal in India Current Affairs 

RBI not to pursue Islamic banking proposal in India

New Delhi: The Reserve Bank of India (RBI) has decided not to pursue a proposal to introduce Islamic banking in India. In response to an RTI query, the central bank said, “Taking into account the wider and equal opportunities available to all citizens to access banking and financial services, it has been decided not to pursue the proposal [to introduce Islamic banking] further”. Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam. In late 2008, a committee headed by…

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