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Correct Option is Islamic Banking

Islamic banking is banking or banking activity that is consistent with the principles of sharia (Islamic law) and it is practical application through the development of Islamic economics. It is sharia compliant finance prohibiting acceptance of specific interest or fees for loans of money (known as riba, or usury), whether the payment is fixed or floating. It doesn't make investment in goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also haraam ("sinful and prohibited"). In the late 20th century several Islamic banks were formed to apply these principles to private or semi-private commercial institutions within the Muslim community. RBI has proposed the opening of an ‘Islamic window’ in banks to ‘gradually’ introduce Sharia-compliant banking in India.

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