Future of Islamic Finance in India

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.