Interest free banking in the Contemporary Banking System

Prof. A. Aziz Ansari, Hareem Tariq


The study discusses the possibilities of Interest Free banking in today’s banking system. Bank is actually a place or organization which helps in meeting a debtor with a creditor and perform host of other financial services. Some of the models and concepts given by authors in the field of Interest free banking in context of India are discussed with their implications and analysed for their feasibility in the present legal system.

Keywords: Bank, interest free banking model, feasibility, legal, implication.


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