04.03.2010 - India: Kerala shelves proposed Islamic bank
From Thaindian.com: Bowing to stiff opposition from several quarters and a High Court verdict against it, The Kerala government has shelved a plan to start an Islamic bank and instead is launching an interest-free monetary institution. Industries Minister Elamaram Kareem Wednesday informed the assembly that the state government is starting an interest-free monetary institution..............................................Full Article: Source
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