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

Islamic banking firm opposed in India

Posted on 09 December 2009

From Hindu.com: Janata Party president Subramanian Swamy on Tuesday criticised the LDF government’s decision to accord sanction for formation of an Islamic banking company by the Kerala State Industrial Development Corporation (KSIDC).

Talking to reporters here, he said that the proposed banking company had to follow Islamic law. The decision was “scandalous and dangerous” for the country……………………………..Full Article: Source

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