The global Islamic finance industry is estimated to be worth approximately US $1.4 trillion, and has grown much faster than conventional finance over the past four decades. Although 80% of this industry is concentrated in the Middle East, North Africa, East Asia, and the Pacific, it is active in...

India is big country with the population of 1.210 billion of which about 172 million (14%) are Muslims.We are having the conventional system of banking and finance which is based on only interest. A common practice seen here is anyone who is having any surplus money would be interested in...

Over the last decade, Islamic Financials (Sukuk) emerged as a pioneering capital market instrument. The riskiness of Sukuk is similar to that of the bond as they depend on the financial credibility of the issuer hence assumed to have no significant difference, the only difference seems to be in...