A Study of Islamic Banking: Awareness and Perception in India

dc.contributor.advisor	Husain, Ishrat
dc.date.accessioned	2021-07-13T15:12:14Z
dc.date.available	2021-07-13T15:12:14Z
dc.date.submitted	2020-08-17
dc.identifier.uri	http://10.4.8.224/xmlui/handle/123456789/278
dc.description	Nowadays, banking is no longer limited to support business or commercial duties. It also has a social obligation towards society. The current banking system widens the gap between the rich and the poor, which leads to social tension, instability, and other economic problems. Islamic banking is fast emerging as an alternative to interest-based conventional banking. It has registered exponential growth in the last two decades. The recent global financial crisis and its impact on conventional banking, has further given impetus to the concept of Islamic banking. India, with a Muslim population of over 180 million, is the second-largest Muslim population in the world. It remains an unexplored and a big market for Islamic Banking system. This paper explores the basic principles and concepts in Islamic Banking and reviews the potential of Islamic Banking in India. The paper highlights the financing modes of Islamic Banking and presents the major issues and constraints of Islamic Banking. Islamic banking has unfortunately been misunderstood in India as a religious, charitable venture restricted to the country's poverty-ridden and economically downtrodden Muslim community. Even years of successful Islamic banking operations and its phenomenal growth around the world have failed to demolish this myth. This study is an attempt to understand the awareness and attitude of Indians towards Islamic banking. For this purpose, a representative sample of the population is chosen and surveyed with the help of a structured questionnaire developed for this purpose. Islamic banking is the rapid growth of Islamic banking has attracted much attention lately in the economic literature. This paper will illustrate the historical development of the Islamic banking industry. Besides, it will provide information about Islamic banking development in many countries around the world.	en_US
dc.format.mimetype	application/pdf	en_US
dc.language.iso	eng	en_US
dc.source	National Law University and Judicial Academy, Assam	en_US
dc.source.uri	http://www.nluassam.ac.in/	en_US
dc.subject	Islamic Banking	en_US
dc.subject	Bank	en_US
dc.subject	Banking	en_US
dc.title	A Study of Islamic Banking: Awareness and Perception in India	en_US
dc.type	text	en_US
dc.rights.accessRights	open	en_US
dc.description.searchVisibility	true	en_US
dc.creator.researcher	Chhabra, Mohit
dc.publisher.institution	National Law University and Judicial Academy, Assam	en_US
dc.publisher.department	Law Department	en_US
lrmi.educationalUse	research	en_US