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Islamic financial institutions of India: their nature, problems and prospects

In: Islamic Banking and Finance

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  • M.I. Bagsiraj

Abstract

Islamic Banking and Finance discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as an alternative method of financial intermediation. Key features of profit-sharing (as opposed to debt-based) contracts are highlighted, and the ways in which they can facilitate improved efficiency and stability of a financial system are explored.

Suggested Citation

  • M.I. Bagsiraj, 2002. "Islamic financial institutions of India: their nature, problems and prospects," Chapters, in: Munawar Iqbal & David T. Llewellyn (ed.), Islamic Banking and Finance, chapter 9, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2499_9
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    Keywords

    Economics and Finance;

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