20.08.2009 - Kerala to set up interest-free 'Islamic bank'
From Individual.com: India's first interest-free financial institution along Islamic banking principles is expected to come up in Kerala next year. The Kerala State Industrial Development Corporation (KSIDC), the nodal agency for setting up the institution, has initiated the process for registering a company with an authorised capital of Rs5 billion, says Thomas Kutty deputy general manager of the KSIDC...........Full Article: Source