Future of Islamic Finance in India: An Exploratory Study on Thematic Investment

Shipra Shukla, Ezaz Ahmed, Libeesh PC, Sonali Dhimmar

Research output: Book chapter/Published conference paperChapter (peer-reviewed)peer-review

1 Citation (Scopus)

Abstract

Thematic finance a study of financial investment approach on specific trends in society or economy with broader concept related to social, environmental, or economic changes that can include clean energy, technology innovation, healthcare advancements, or demographic shifts. It considers factors like asset class and geographical region. It covers investment details of companies or industry that are related to a specific trend. The area of Islamic finance with a thematic approach in India is growing, due to increase demand for ethical and Shariah-compliant investment option, the country's significant infrastructure needs, and the potential for socially responsible and sustainable investing. However, overcoming regulatory hurdles and increasing awareness remain essential for the growth of Islamic finance, including thematic finance, in the Indian financial landscape.
Original languageEnglish
Title of host publicationFintech Applications in Islamic Finance
Subtitle of host publicationAI, Machine Learning, and Blockchain Techniques
EditorsMohammad Irfan, Seifedine Kadry
Place of PublicationUSA
PublisherIGI Global
Chapter9
Pages136-149
Number of pages14
ISBN (Electronic)9798369310397
ISBN (Print)9798369310380
DOIs
Publication statusPublished - 2024

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