Title Introduction of Shariah

banking In India and its comparison existing sector. with the

private

banking

DECLERATION
I Sridhar Pemasani Mohandos.........................., hereby declare that the Business Report entitled: .Introduction of Shariah banking In India and its comparison with the existing

private banking sector.....is my own work (except where otherwise stated)

This work has not previously been accepted in substance for any degree and is not being currently submitted in candidature for any degree. Date08 March 2012

DEDICATION
I would like to dedicate this project to my parents, sister, friends, and everyone else who have been motivating and encouraging me all through this research report.

ACKNOWLEDGEMENT:
I would like to thank my supervisor, Dr. Dave Allen who have been supporting and guiding me all through the dissertation. Without his supervision and guidance, this project would not have been possible.

I would also like to thank my friend Shaik Subhani, for his support and valuable advice during this project.

ABSTRACT
Shariah banking is a popular branking practice in gulf nations where the banking is interest free. Interest collection is considered as Haram (evil) according to Islam and any income derived from such activities is also Haram. At this juncture, this projects looks at what are the other underlying principles of the Islamic banking. The comparison of private banking sector to that of Islamic banking is also presented in this research report with concentration on applicability of shariah banking in the Indian economy.