25.07.2011 - India: Kerala dances round Islamic banking
Kerala Finance Minister K M Mani reveals plans for special counters to be opened in state treasuries to collect interest-free deposits, saying the state Government was ‘not against’ the idea of Islamic banking. Despite Kerala’s apparent willingness to embrace Islamic finance, the Reserve Bank of India and the central Government has made it clear that Islamic banking may not be implemented under current legislation..............................................Full Article: Source
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