Islamic Bank is ‘Secular’ – Kerala Government. RBI denies report of registration
Kochi: Reserve Bank of India informed Kerala High Court that – They had not issued any registration certificate or clearance for the Kerala Government’s proposed Islamic Bank in Kerala. This is contrary to the claims made by Al Baraka Financial Service Limited (ABFSL), a financial service floated by the Kerala State Industrial Development Corporation.
Mean while counsel of Government representing Al Baraka Financial Service Limited claimed that they are functioning according to ‘Secular’ principles although it’s based upon Sharia principles.
The move to sell the state to Jihadi’s in Middle East through this nasty move was questioned by Shri Subrahmaniya Swami and HAV leader R V Babu in High Court.
Welcome to Haindava Keralam! Register for Free or Login as a privileged HK member to enjoy auto-approval of your comments and to receive periodic updates.
Latest Articles from Divisive Agenda
- എന്റെ സത്യാന്വേഷണം – ക്രിസ്തുമതത്തില് നിന്ന് ഹിന്ദുത്വത്തിലേക്ക്
- Apologize or Face the Consequences
- Rewards – Punishments – Heaven – Hell and Jihad
- State Sponsored Divisive Wall – A Look Back
- In’s and Out’s of Love Jihad
- Brutal Assaults, Death Threat Awaits your Kid, If not Ready to Join SFI
- SFI Blasphemy: Hindu Deities Denigrated in Kerala Varma College
- Pinarai Vijayan’s Comments on Yoga Stems from Inferiority Complex of a Commie
- HC Directive – Blow to Love Jihadis & ISIS Recruiters
- Irom Sharmila, welcome to Kerala!
Responses