More in Islamic Banking
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Guest Post: Islamic Banking in India
Islamic Banking is not permissible under India’s Banking Regulation Act, violates constitutional requirements, perpetuates religious doctrine and may endanger national security.
Islamic Banking II: Kerala HC Judgment in Subramanyam Swamy v. State of Kerala
Kerala HC held that investment in a Sharia compliant non-banking financial company is a commercial venture not amounting to State promotion or maintenance of religion and is not a violation of the state’s commitment to secularism.