Don’t allow Islamic banking, says Shiv Sena MP in Lok Sabha

Shiv Sena member Chandrakant Khaire expressed himself against allowing an Islamic window saying this banking system was based on Sharia law.

By: PTI | New Delhi | Published: December 7, 2016 5:08 pm
Shiv Sena, Chandrakant Khaire, Islamic window in banking system, Sharia law, Lok Sabha session, Lok Sabha Zero Hour, Lok Sabha winter session, INLD, SYL canal, indian express news New Delhi : A view of Lok Sabha during the winter session, in New Delhi on Tuesday . PTI Photo / TV GRAB(PTI11_22_2016_000066B)

Pleas for not allowing “Islamic window” in the banking system, favouring early construction of SYL canal and granting reservation to the Maratha community were made in the Lok Sabha in the Zero hour on Wednesday. Shiv Sena member Chandrakant Khaire expressed himself against allowing an Islamic window saying this banking system was based on Sharia law.

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Chandrakant Khaire demand came amid reports that the Reserve Bank of India (RBI) has proposed opening of “Islamic window” in conventional banks for “gradual” introduction of Sharia-compliant or interest-free banking in the country. Sharia prohibits acceptance of specific interest or fees for loans. Both the Centre and RBI have been exploring the possibility of introduction of Islamic banking for long to ensure financial inclusion of those sections of the society that remain excluded due to religious reasons.

Dushyant Chautala (INLD) demanded that the construction of SYL canal should be started under the protection of paramilitary forces in the wake of the decision of the Supreme Court in the Presidential reference. The member from Haryana wanted the Prime Minister to take the House into confidence on how the government planned to go ahead with the construction.

His demand came amid reports that Punjab and Haryana are set for another face-off on the issue of sharing water from the Sutlej-Yamuna Link (SYL) canal as the Punjab Assembly had last month passed two resolutions — one against the construction of the canal and the other demanding a levy on water to non-riparian states. Haryana has been dubbing Punjab’s moves as “unconstitutional”.

Shrirang Barane (Shiv Sena) underlined the need for granting reservation to the Marathas saying the community had taken out peaceful marches all over Maharashtra as also some places outside to press the demand.

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    Masood Ali
    Dec 7, 2016 at 12:03 pm
    This Goonda party Shiv Sena has nothing just to oppose all religious diversities. India being a diverse country since ages, both Islam and Hinduism existed since Indus valley civilization. Islamic banking will benefit not only Muslims but for other communities too. lt;br/gt;lt;br/gt;RBI should decline the plea of this Goonda Party and think about the banking. lt;br/gt;lt;br/gt;This the best way to set an example .Gone are the days when public used to think from religious angle. People have matured have become rational too.lt;br/gt;lt;br/gt;Modi should interfere in this matter and allow RBI to take decision. By doing so Modi also can set a example of being a secular leader.
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      Masood Ali
      Dec 7, 2016 at 12:30 pm
      You don't know how write comments also. You are saying India is secular country and than sayiing Islamic banking should not be allowed. Sir, first write the comments properly, other wise don't comment.
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        Balasubramanya
        Dec 7, 2016 at 11:49 am
        Very true, being a secular country India should not allow Islamic banking based on Shariat. Indian government should not select the path which is purely based on the belief of any particular religion.
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          Mercury
          Dec 7, 2016 at 12:48 pm
          India is secular, and all its insutions are secular. No to anything theocratic . I don't even wish to hear any argument on Islamic banking ...
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            Mercury
            Dec 7, 2016 at 12:46 pm
            No Islamic banking ! India has to join the group of advanced economies of the world , not the retrograde medieval caliphates. India's banking system will be consistent with Basel-II and -III, not tribal theocracy ....
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