Sat, Aug 1, 2015
A A A
Welcome bhaimia
RSS

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

India says no to Islamic banking

Posted on 10 September 2010

From Indianexpress.com: The Indian Union Government on Thursday informed the Kerala High Court that it was not legally feasible for banks in India or its branches abroad to undertake Islamic banking activities.
In a counter affidavit, M M Dawla, Under Secretary in the ministry of Finance informed the court that this had been the stand of the Union Government even while giving replies to questions in Parliament as well as in response to various VIP correspondence on the subject……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
August 2015
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930
31