Economic prosperity is provoking many in this populous nation with real purchasing power; it simply is an opportunity that cannot be overlooked by global banks. Thus, global banks seeking a presence or expansion in India must craft a business strategy that considers the country's attendant...

This paper discusses Islamic banking products and interprets them in the context of financial intermediation theory. Anecdotal evidence shows that many of the conventional products can be redrafted as Sharia-compliant products, so that the differences are smaller than expected. Comparing...

On the deposit side, Islamic banks work on a mudaraba (partnership) contract, where depositor and the bank are business partners. While in conventional banks the depositor is provided with a fixed interest rate, in Islamic banks the depositor can only discover his return when the investment...