Halal Fayida Coop Society to be set up in Kerala

The CPM in Kerala will soon establish a cooperative bank ”Halal Fayida Coop Society” that will function in accordance with the Sharia norms. The bank will be located at Kunnur, reports Asianet Newsupdata.

Kerala Minister for Local Administration K T Jaleel will inaugurate the first fund collection event on July 11.

The Marxists had announced this at a seminar conducted by Minority Cultural Coordination Committee of their party in May.

Political analysts describe it as a brazen attempt by the Marxists to gain Muslims political support.

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