Growth and Prospect of Islamic Finance in Bangladesh
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 3
Abstract
Though Conventional Financial system is contributing swiftly to the Economic development but the Islamic Finance is not lacking behind of it now a days. The Islamic Finance Industry has emerged as one of the component of a rapid economic growth over the past three decades. Initially the activities of Islamic Finance is limited within the country, but at present the growth of Islamic Finance are thought globally with an upward trend through the establishment of various Islamic financial institutions with different shareholders. This paper examines insights into the growth and prospect of Islamic finance in Bangladesh. Islamic Finance is ruled by Islamic Finance Guidelines which is issued and approved by Central Bank of Bangladesh. This system has its own principles and guidelines which would make the system of choice in meeting specific investment needs. It compares Islamic and conventional finance regard to Efficiency and Profitability, Risk Management, and Sukuk and Conventional Bonds. In Bangladesh, the atmosphere is exclusive because of the existence of Islamic Banking sector. But the country has some deficiencies in imposing specific Islamic Finance regulations which have been recognized and efforts are being made to solve the problems by the authorities.
Authors and Affiliations
Md. Moniruzzaman
Keywords
Related Articles
- EP ID EP409992
- DOI 10.9790/487X-2003081020.
- Views 48
- Downloads 0
Strategy for Developing Lembaga Perkreditan Desa (LPD) To Compete In the Financial Institution in Denpasar City
The purpose of this study is to analyze: 1) external factors which are opportunities (opportunities) and threats for LPD development in Denpasar City; 2) internal factors that are strengths and weaknesses for LPD develop...
A Review of Empirical Research on Antecedents of Market Orientation
Market orientation is widely recognized as critical for competitive advantage and superior performance by researchers and marketing practitioners. A review of empirical studies on market orientation reveals that there ar...
A Study on Organizational Culture and Employee Grievance Handling Procedure in Garment Industry at Tirupur
A survey has been made to analyze organizational culture and grievance handling of Garment Industry at Tirupur. The purpose of this research is to study the impact of organisational culture in grievance handling at work...
Corporate Governance and the Law Governing the Management of Companies in Zimbabwe.
The study assesses the complementarity of corporate governance guidelines in Zimbabwe and the Company’ Act (Chapter 24:03). It centres on corporate governance in companies and how company law comes in. A survey was carri...
Management of Rural Development through Mgnrega: A Study in Kamrup District of Assam.
It is rightly said that India lives in villages. Almost 80% of the Indians live in rural areas, suffering from several socio-economic problems. Poverty is one of the main causes of slow economic development in the countr...