Islamic banking is the quickest developing field in monetary administrations, and opportunity flourishes. The principle focal point of Islamic money is on straightforwardness, helpful endeavours, hazard sharing and moral contributing which pulls in a wide scope of the two Muslims and non-Muslims the same. Today, Islamic banking has gotten one of the quickest developing fragments of the worldwide banking furthermore, capital business sectors. Islamic banking is found in many pieces of the world. Islamic Banking has a tremendous market potential in India as India is the third biggest Muslim populated nation in the world. Islamic banking is an arrangement of saving money with Shariah laws, which is against the assortment or instalment of intrigue, ordinarily called 'riba'. Islamic law likewise disallows contributing in business that are viewed as unlawful or Haram. The essential rule of Islamic banking is in light of danger sharing, which is a part of exchange instead of danger move which is seen in ordinary banking. This paper endeavours to clarify the essential standards and different significant results of Islamic banking.