Riba
4 articles tagged “Riba”
Banking Without Riba in India (2026): The Honest Playbook
India licenses no Islamic banks, so avoiding riba takes a deliberate stack: zero-interest current accounts, purification on unavoidable savings interest, and the interest-free cooperative sector. The complete, honest playbook.
Current Accounts: The Only Interest-Free Bank Deposit in India (2026)
RBI rules make the current account the one deposit in Indian banking that pays no interest by law. How the rules work, who can open one, and why the famous 'interest waiver instruction' does not exist.
NRI Money and Riba: Halal Cash Options for Non-Resident Indians (2026)
NRE and NRO savings and deposits all pay interest by law. The interest-free option for NRIs is the NRO current account, plus fast routing into screened investments. The honest guide for the Gulf remittance corridor.
Is a Service Charge Riba? The Unresolved Debate at the Heart of India's Interest-Free Sector (2026)
India's interest-free societies charge 8 to 18 percent one-time, or annual-rate charges, on loans they call qard hasan. Cost recovery or riba in function? The debate, both sides, with no false resolution.