Assessing the Awareness of Islamic Law on Equity Investment in State of Assam, India


  • Dhrubajyoti Bordoloi Department of Mangement, Nagaland University, Kohima, Nagaland, India
  • Ranjit Singh Indian Institute of Information Technology, Allahabad
  • Jayashree Bhattacharjee Department of Business Administration, Assam University, Silchar, Assam, India
  • Pranjal Bezborah Department of Commerce, Dibrugarh University, Assam, India



The objective of the study is to ascertain the awareness level of the Shariah and equity investment decisions among the Muslims population in the selected districts of Assam, India. The study is based on primary data collected from the government and semi-government sector which are classified as educated Muslim employees working in Assam, India. This study found that the awareness levels on the Shariah and equity investment of the educated Muslim employees are low. However, the pretention of awareness on the Shariah requirements with regards to equity investment is moderate. The study is conducted based on the response from Muslim employees in the four districts of Assam, India. Since the level of awareness on equity investment as well as the Shariah is at low level, there is a need for adequate awareness campaign highlighting the salient features of Islamic law regarding the equity investment in particular and about the equity investment in general.


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How to Cite

Bordoloi, D., Singh, R., Bhattacharjee, J., & Pranjal Bezborah. (2020). Assessing the Awareness of Islamic Law on Equity Investment in State of Assam, India. Journal of Islamic Finance, 9(1), 001–012.