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Thailand: Ministry studying Buddhist bank model similar to the Islamic Bank

Posted on 23 July 2012

The Finance Ministry is considering the establishment of a special-purpose Buddhist bank similar to the Islamic Bank of Thailand, says Deputy Finance Minister Wirun Techapaiboon. The ministry estimates that temples across the country have a combined savings of more than 200 billion baht, driven by those large temples famed for merit-making and donations such as Wat Sothorn in Chachoengsao province.
Mr Wirun said the first stage will involve a particular outlet of the Government Savings Bank as an alternative for temples to make deposits………………………………………..Full Article: Source

 
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