The role and contribution of smaller enterprises is acknowledged throughout the globe. The primary scope of this book is to explore the operations of the venture capital sector in supporting the growth and development of SMEs. Another theme explores the role of Islamic finance as a possible alternative source of risk capital. These topics are considered in the context of India, a fascinating country of many contrasts and enormous economic potential. The book is underpinned by a major empirical study of the venture capital industry in that country. A distinctive focus is the analysis of techniques used by venture capitalists to value, structure and monitor their investments. the book also draws on a comprehensive literature review, as well as secondary data and information from specialist research institutions and the financial media. The book fills gaps in academic knowledge and the material should be of great interest to students, policy makers and practitioners.

'Venture Capital, Islamic Finance and SME's is a welcome addition for venture capital practitioners, entrepreneurs, Islamic bankers and academics...The book is exceptionally well organized so that the authors' presentation of information and argument is easy to follow.' - Fara Madehah Ahmad Farid, Review of Islamic Economics

Introduction
An Introduction to the Small Business Sector
Barriers to Growth in SMEs
An Introduction to Venture Capital
Venture Capital: Theoretical Foundations for Research
An Introduction to India: The Economy, Financial System, SMEs and Venture Capital
Venture Capital in India: The Analytical Framework
Venture Capital in India: Research Methodology and Findings
Business Ethics and Venture Capital in Islam
Conclusions

MANSOOR DURRANI is Senior Corporate Banker, Structured Finance, for the National Commercial Bank, Saudi Arabia, the largest bank in the region. He has previously worked in leading Indian, multinational and multilateral institutions including Lazard and ESSAR Group in India and Islamic Development Bank, Saudi Arabia. His functions covered Investment Banking, Private Equity and Corporate Finance. Recipient of 'New Voice in Islamic Finance Award' for 2002, he holds an MBA in Finance and a PhD in Private Equity.

GRAHAME BOOCOCK worked for a major UK Clearing Bank as corporate banker, before moving into education. He has worked at Loughborough University Business School, UK since 1987 where he is currently Senior Lecturer in Banking and Finance. He lectures on a wide range of undergraduate, postgraduate and post-experience programmes. His research interests focus on risk capital and entrepreneurship.