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Islamic Finance Briefing - Categorized | Banking, People more

Decision to form Islamic Banking dangerous for India

Posted on 10 December 2009

From ummid.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).

According to the leading South Indian English daily, Subramanian Swami while speaking to reporters 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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