December 22nd, 2011
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Islamic finance firm in Kannur

islamic-bankingKannur: Alternative Investments and Credits Ltd (AICL), an Islamic finance company which is based in Kochi has opened its branch in Kannur. AICL officials said that it was the only Reserve Bank of India approved non banking finance company operating on Islamic finance principles. The branch has begun operation. The new branch was formally inaugrated by H Abdul Raqeeb, general secretary, Indian Centre for Islamic Finance, New Delhi.



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