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	<title>Muslim India &#187; Islamic Finance</title>
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	<description>A Muslim Indian Perspective on Politics, Religion &#38; Society</description>
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		<title>THE WISDOM OF PROHIBITION OF INTEREST</title>
		<link>http://muslimindia.in/2010/10/the-wisdom-of-prohibition-of-interest/</link>
		<comments>http://muslimindia.in/2010/10/the-wisdom-of-prohibition-of-interest/#comments</comments>
		<pubDate>Mon, 25 Oct 2010 14:12:52 +0000</pubDate>
		<dc:creator>Mohammad Nejatullah Siddiqi</dc:creator>
				<category><![CDATA[Carousel]]></category>
		<category><![CDATA[Islamic Finance]]></category>

		<guid isPermaLink="false">http://muslimindia.in/?p=5861</guid>
		<description><![CDATA[Like many other evils, the practice of charging a fixed positive return to loan capital has survived strictures from all world religions and condemnation by all moral philosophers. In the earlier days the role of capital in the economy was much less important than it is today. Humanity has much more to suffer because of making interest the linchpin of its financial system in a globalized world using huge quantities of capital...]]></description>
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		<slash:comments>1</slash:comments>
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		<title>Banking on Islamic Finance</title>
		<link>http://muslimindia.in/2010/09/banking-on-islamic-finance/</link>
		<comments>http://muslimindia.in/2010/09/banking-on-islamic-finance/#comments</comments>
		<pubDate>Fri, 17 Sep 2010 14:37:50 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Carousel]]></category>
		<category><![CDATA[Islamic Finance]]></category>

		<guid isPermaLink="false">http://muslimindia.in/?p=5666</guid>
		<description><![CDATA[The recent global financial crisis has opened a debate over the loopholes in conventional banking system. Many scholars and finance experts are of the view that Islamic banking is an alternative to the conventional banking system, which is foolproof enough to restrict any other financial crisis in the future...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Trying to bring Islamic banking to India</title>
		<link>http://muslimindia.in/2010/04/trying-to-bring-islamic-banking-to-india/</link>
		<comments>http://muslimindia.in/2010/04/trying-to-bring-islamic-banking-to-india/#comments</comments>
		<pubDate>Sun, 11 Apr 2010 14:40:57 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Institutions]]></category>
		<category><![CDATA[Islamic Finance]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Islamic Banking]]></category>
		<category><![CDATA[muslims]]></category>
		<category><![CDATA[Shariat]]></category>

		<guid isPermaLink="false">http://muslimindia.in/?p=4920</guid>
		<description><![CDATA[There are more Muslims in India than there are in Pakistan, which is why it is surprising that successive governments have so far done nothing to bring Islamic banking into India. The consequence of such neglect is that millions of observant Muslims are forced to park their savings in dubious entities, because they have been deprived of financial institutions in India that are Sharia-compliant and avoid the payment of interest, because of its ban in the Quran (3:130).[...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Problems And Prospects Of Islamic Banking In India – Road Map Ahead</title>
		<link>http://muslimindia.in/2010/04/problems-and-prospects-of-islamic-banking-in-india-%e2%80%93-road-map-ahead-2/</link>
		<comments>http://muslimindia.in/2010/04/problems-and-prospects-of-islamic-banking-in-india-%e2%80%93-road-map-ahead-2/#comments</comments>
		<pubDate>Sat, 10 Apr 2010 15:01:12 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Islamic Finance]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Islamic Banking]]></category>
		<category><![CDATA[muslims]]></category>
		<category><![CDATA[Sachar Committee Report]]></category>

		<guid isPermaLink="false">http://muslimindia.in/?p=4933</guid>
		<description><![CDATA[For Muslims, as per the Sachar Committee report based on census 2001 data, the percentage of household availing themselves of banking facilities is much lower in towns and villages where the Muslim population is high. This is due to a certain mindset prevailing in the banking sector which has categorized Muslims and Muslims dominated areas as ‘Negative Zones’ as documented in Sachar report. [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Is Islamic finance a solution?</title>
		<link>http://muslimindia.in/2010/04/is-islamic-finance-a-solution-3/</link>
		<comments>http://muslimindia.in/2010/04/is-islamic-finance-a-solution-3/#comments</comments>
		<pubDate>Sat, 03 Apr 2010 16:55:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Islamic Finance]]></category>

		<guid isPermaLink="false">http://muslimindia.in/?p=4970</guid>
		<description><![CDATA[Islamic finance has a role to play in the world of finance. But to do so, innovations based on Shariah-arbitrage should be de-emphasized and a more holistic vision should be developed that will resonate with all people of conscience, not just Muslims.[...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Current Financial Crisis And Islamic Economics</title>
		<link>http://muslimindia.in/2009/07/current-financial-crisis-and-islamic-economics/</link>
		<comments>http://muslimindia.in/2009/07/current-financial-crisis-and-islamic-economics/#comments</comments>
		<pubDate>Sat, 01 Aug 2009 05:16:50 +0000</pubDate>
		<dc:creator>Mohammad Nejatullah Siddiqi</dc:creator>
				<category><![CDATA[Carousel]]></category>
		<category><![CDATA[Islamic Finance]]></category>
		<category><![CDATA[Financial Crisis]]></category>
		<category><![CDATA[Islam]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Shariah]]></category>

		<guid isPermaLink="false">http://muslimindia.in/?p=3200</guid>
		<description><![CDATA[“Believers! Have fear of Allah and give up all outstanding interest if you do truly believe. But if you fail to do so, then be warned of war from Allah and His Messenger. If you repent even now, you have the right of return of your capital; neither will you do wrong nor will you be wronged. But if the debtor is in straitened circumstances, let him have respite until the time of ease; and whatever you remit by way of charity is better for you, if only you know.[2:278-81]”
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Islamic Finance to Reduce Fiscal Deficit in India</title>
		<link>http://muslimindia.in/2009/06/islamic-finance-to-reduce-fiscal-deficit-in-india/</link>
		<comments>http://muslimindia.in/2009/06/islamic-finance-to-reduce-fiscal-deficit-in-india/#comments</comments>
		<pubDate>Wed, 24 Jun 2009 17:30:18 +0000</pubDate>
		<dc:creator>Syed Zahid Ahmad</dc:creator>
				<category><![CDATA[Islamic Finance]]></category>
		<category><![CDATA[fiscal deficit]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[Government of India]]></category>
		<category><![CDATA[India]]></category>

		<guid isPermaLink="false">http://muslimindia.in/?p=2712</guid>
		<description><![CDATA[Islamic financial products has a great role to play in reducing the fiscal deficit in emerging economies by replacing the debt based investments for infrastructure with funds mobilized through equity based Government Securities for infrastructure projects. Let’s see how Islamic finance may help us reduce our present fiscal deficit.]]></description>
		<wfw:commentRss>http://muslimindia.in/2009/06/islamic-finance-to-reduce-fiscal-deficit-in-india/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Risk Management in an Islamic Framework</title>
		<link>http://muslimindia.in/2009/06/risk-management-in-an-islamic-framework/</link>
		<comments>http://muslimindia.in/2009/06/risk-management-in-an-islamic-framework/#comments</comments>
		<pubDate>Tue, 23 Jun 2009 19:02:32 +0000</pubDate>
		<dc:creator>Mohammad Nejatullah Siddiqi</dc:creator>
				<category><![CDATA[Carousel]]></category>
		<category><![CDATA[Islamic Finance]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[equity]]></category>
		<category><![CDATA[Risk management]]></category>

		<guid isPermaLink="false">http://muslimindia.in/?p=2702</guid>
		<description><![CDATA[This Note tries to look at risk man faces in economic activity in general and in finance in particular. Economic prosperity and the efficiency and stability of our financial system depend on proper handling of risks. This is also true of justice and equity; they too require that risks be handled in ways favorable to building a just society.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dealing with the Financial Crisis: An Islamic Approach</title>
		<link>http://muslimindia.in/2009/06/dealing-with-the-financial-crisis-an-islamic-approach/</link>
		<comments>http://muslimindia.in/2009/06/dealing-with-the-financial-crisis-an-islamic-approach/#comments</comments>
		<pubDate>Fri, 12 Jun 2009 06:48:09 +0000</pubDate>
		<dc:creator>Mohammad Nejatullah Siddiqi</dc:creator>
				<category><![CDATA[Islamic Finance]]></category>
		<category><![CDATA[Interntional financial crisis]]></category>

		<guid isPermaLink="false">http://muslimindia.in/?p=2466</guid>
		<description><![CDATA[Once the menace of interest is banished from the economy keeping speculation within reasonable limits would become easier. Society should insist on transparency wherever other people’s money is involved. It should also arrange for dissemination of information that would help minimize uncertainty. It will be easier to eliminate gambling on the stock market and/or betting on un-measurable risks in such an environment...[...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>US Treasury submits to Shariah?</title>
		<link>http://muslimindia.in/2008/11/us-treasury-submits-to-shariah/</link>
		<comments>http://muslimindia.in/2008/11/us-treasury-submits-to-shariah/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 10:44:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Islam]]></category>
		<category><![CDATA[Islamic Finance]]></category>
		<category><![CDATA[Shariah]]></category>
		<category><![CDATA[US Treasury]]></category>

		<guid isPermaLink="false">http://muslimindia.in/?p=49</guid>
		<description><![CDATA[By Frank J. Gaffney, Jr.               Muslim India first posted on Tuesday, November 4, 2008 The U.S. Treasury Department is submitting to Shariah - the seditious religio-political-legal code authoritative Islam seeks to impose worldwide under a global theocracy.  As reported in this space last week, Deputy Secretary of the [...]]]></description>
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