Kerala HC Paves Way for India’s First Islamic Bank

February 4, 2011

Author: T. Ramavarman

Source: The Times of India

Wire Service: TNN

The Kerala high court on Thursday 8 dismissed a petition challenging the state government's plans to co-promote an Islamic 8 finance institution. The move could pave the way for introduction of Islamic finance products by existing lenders and also reduce regulatory objections for an Islamic Bank.