Obstacles in the way of Islamic banking in India

Abdul Azim Islahi

MPRA Paper from University Library of Munich, Germany

Abstract: The present paper aims to give a brief account of the main difficulties faced by the movement of Islamic banking and finance in India. Some of these obstacles may not be special to Indian case. However, their intensity becomes many folds due to prevailing condition of suspicion or indifference and absence of executive and enforcing power. The purpose of highlighting these issues is to draw the attention of scholars and business activists to think over the measures that may be adopted to overcome these difficulties.

Keywords: Banking; Islamic Baning; Islamic baning in India. (search for similar items in EconPapers)
JEL-codes: E5 E59 (search for similar items in EconPapers)
Date: 2001, Revised 2002
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Published in Islamic Banking in India, Scopes and Challenges (2003): pp. 165-170

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