The deferment of the launch of State Bank of India's Shariah Equity Fund in December 2014 is an indication of the level of opposition to Islamic finance. This article looks at various events related to Islamic banking in India and argues that shariahcompliant products will go a long way in the financial inclusion of the Muslim community.
While complimenting EPW for bringing the current debate on Islamic banking in India to its readers (“Islamic Banking: An Anathema to Civil Society”, EPW, 7 May 2011), one cannot help but comment on the poor grasp of the author of the issue.
