CPI(M)-backed Society Denies Collapse as Investors Wait
The Halal Fayidha Co-operative Society, a CPI(M)-backed Islamic banking venture in Kannur, has denied allegations that it collapsed or that investors were cheated, saying it never accepted deposits and that member money was only share capital. The denial follows reports that investors are chasing their money eight years after the society's December 2017 launch, with the society yet to present income and expenditure accounts or disclose how much was raised or used.



















