India central bank allows non-bank Islamic finance firm

Consumer Finance Company Announces Open House Event in the Houston Area

He did not elaborate on the design of the products. Instead of interest, Islamic finance uses structures such as asset buy-backs and agency agreements to provide returns to investors. The RBI did not respond to a request for comment on Cheraman’s case. But its decision appears to open the door to the possibility of more NBFCs offering Islamic non-interest products in future, even though full-fledged Islamic banks are expected to remain banned. RBI governor Duvvuri Subbarao, who will step down in September, has said Islamic banking is not possible in the country but sharia-compliant products could be delivered through alternative means.

Democrat Seeks Tea-Party Support in Campaign Finance Lawsuit

Houston, TX (PRWEB) August 20, 2013 TMX Finance invites individuals looking for a fast-paced career with a growing company to attend their upcoming open house event. The Meet & Greet event is taking place, Tuesday, August 27, 2013 from 5:00 p.m. 7:00 p.m. in Houston, TX.

Anger at the IRS. By Patrick Reis August 21, 2013 | 12:31 p.m. Tea-party supporters gather for a rally outside IRS headquarters in Washington on May 21, 2013. (AP Photo/Manuel Balce Ceneta) Rep.


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