Potential of Islamic banking and investment in India

Abstract EN

Conventional banking system and Islamic banking system are the most competitive sector in banking sector.

Islamic Banking and finance is a system of finance based on sharia or Islamic law, aims at accomplishing social and economic virtue and righteousness in all economic affairs.

It takes in to account not only the moral and ethical consequences of financial transactions but also makes sure that the financial and economic contracts and transactions should be just, impartial and fair to all parties involved and promises that the financial and economic rewards are fully associated with the intensity of liability, risk and responsibility borne by all parties.

Islamic banking is now a well-known term and has emerged as one of the most important industries worldwide.

This paper is an attempt to analyse the potential for Islamic Banking and Investment opportunities in Indian Context.