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

India: Islamic banking not legally feasible

Posted on 13 September 2010

From Businessworld.in: The government today told the Kerala High Court that it is not legally feasible for banks in India or its branches abroad to undertake Islamic banking activities.
It said this had been the government’s stand even while giving replies to questions in Parliament as also in response to various VIP correspondence on the subject……………………………………….Full Article: Source

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