Munich Personal RePEc Archive

Obstacles in the way of Islamic banking in India

Islahi, Abdul Azim (2001): Obstacles in the way of Islamic banking in India. Published in: Islamic Banking in India, Scopes and Challenges (2003): pp. 165-170.


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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.

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