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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

India: Kochi bank to follow Sharia law

Posted on 24 November 2010

From Omantribune.com: The Kerala state government informed the high court that an Islamic bank was established on the secular principles of Sharia law and irrespective of religion anyone can become a stakeholder.
The oral submission was made by Advocate General CP Sudhakara Prasad on a petition by Janata Party leader Subramanian Swamy and others challenging the proposal to start an Islamic financial institution……………………………………….Full Article: Source

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