They were in on it. They did the whole 'turning the blind eye' thing which they are used to doing with controversial Judicial judgments, to make it look like it was an independent body's decision. Same with the RBI.
Jingos created a loud noise, then Raghuram Rajan was removed, then the gormint pretended like it never happened and never existed. Even Dhimmis were promoting it big time. The Wire was churning out articles peddling Sharia Banking. It was on the brink of being passed. If it had been approved by the RBI, the gormint would have sat back allowed it. It's their calculation that allowing them to create Islamic banking is better than Muslims not having any bank accounts. While this is true, a secular state should pursue this noble cause through Jan Dhan accounts, and not using Sharia Banking accounts.
It's well and good to say that Muslims are disconnected from formal banking and they need to be assimilated, but they are exploiting your good will to peddle Islamic exclusivity. Ya know? 'We're too good for your systems, we want our own systems' kinda feeling. If the idea of allowing Sharia banking is sold to Hindus as 'bringing Muslims on par', then it must be mentioned that this is being done because Muslims have remained primitive and that this is a temporary medicine for a disease and not a constitutional right. It should not be construed as some secular privilege like Muslim Personal Law, where, years later their children will claim that Islamic banking was always a part of their fundamental right. All of that intent was missing and the gormint was purely being a cuck.
Give them Jan Dhan accounts, tell them they will have to take off their burkha for bank photo ID proof. That's how you assimilate people by getting them to change their primitive ways, and not by bending our ways to suit their desert cult. As per present statistics, Muslims have just 1% representation in the total bank accounts in India because of their arrogant belief that interest-based banking is haram.
The Wire's propaganda >> Dropping the Idea of Islamic Banking in India Will Leave Millions Shortchanged
Why will they be shortchanged? can't they get a free Jan Dhan account? This is tacitly saying that not allowing Muslims to have it their way will mean they will boycott formal banking. This is the language of blackmail.