IslamicFinance.de

The Finance Ministry is planning to establish a special-purpose Buddhist bank which wil be similar to the Islamic Bank of Thailand. The decision is based on an estimated savings amount of temples accross the country in weight of over 200 billion baht. In the first step, a particular outlet of the Government Savings Bank will be used as an alternative for temples to make deposits. The management of the deposits will be in accordance with the rules of Buddhism.