Kerala could become a role model of tapping Islamic finance market to raise badly needed funds for infrastructure development, according to experts. H. Abdur Raqeeb, Convener, National Committee on Islamic Banking at the New Delhi-based Indian Centre for Islamic Finance (ICIF), made a strong pitch for these funds.
The State Minister for Public Works, V. K. Ibrahim Kunju, and the Secretary, PWD, Mr Manoj Joshi, said the State Government wholeheartedly welcomed Islamic funding agencies in the space of infrastructure development. Infrastructure development is as Shariah-compliant a cause as they come, Joshi said……………………………………..Full Article: Source