THE ROLE OF ISLAMIC BANKING IN PROMOTING FINANCIAL INCLUSION- A STUDY ON TELANGANA REGION

The main purpose of this article is to explore how Islamic banking can help more people in Telangana access financial services. This study looks at how Islamic banking, with its unique principles like profit-sharing and ethical financing, can provide financial opportunities for those who may not have access to traditional banking systems. It aims to understand how Islamic banks can contribute to improving financial inclusion in Telangana, especially for communities that are underserved or excluded from regular financial services. Design/Methodology/Approach Islamic banking is the expansion of financial services in the southwestern Indian state of Telangana using a mixed methods approach. The research will begin with a scoping review of salient works on Islamic banking and financial inclusion, concentrating on materials pertinent to Telangana and the world. The investigation will then entail the collection of primary data from customers, bank officials and financial experts in quantitative a manner through surveys and qualitative interviews in Telangana. This enables the assessment of the risks, advantages, and the overall effect of Islamic banking on the population’s financial services penetration. Further, the concentration of unobtrusive data analysis would be used to determine the extent to which Islamic banking is serving the marginalised. The research will use both qualitative and quantitative approaches to give a comprehensive account of how Islamic finance promotes financial inclusion in Telangana region