Regulation
2 articles tagged “Regulation”
Article•7 Aug 2026
Why India Has No Islamic Banks: The RBI Story, Told Accurately
The world's largest Muslim-minority country licenses no Islamic banks. The reason is legal architecture, not theology: the Banking Regulation Act, an RBI examination that ended quietly in 2017, and a capital market that became the default home for halal money.
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HalalWallet Editorial TeamArticle•7 Aug 2026
Why India Has No Takaful: The Regulatory Wall Explained (2026)
IRDAI licenses zero takaful operators, Indian insurance law contains no takaful provisions, and investment regulations mandate interest-bearing assets. Why halal insurance is structurally impossible in India today.
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HalalWallet Editorial Team