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Nahar, L (2022) Islamic Microfinance as a Poverty Reduction Tool in Terms of Islamic Finance: An Analysis of the Islami Bank Microfinance Scheme in Bangladesh. CenRaPS Journal of Social Sciences, 4 (1). pp. 119-142.
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Islamic Microfinance as a Poverty Reduction Tool in Terms of Islamic Finance An Analysis of the Islami Bank Microfinance Scheme in Bangladesh.pdf - Published Version Available under License Creative Commons Attribution No Derivatives. Download (1MB) | Preview |
Abstract
Although Microfinance is one of the essential parts of poverty reduction, however, there are so many microfinance schemes that provided financial help under the various organization models in the world. But a Muslim is not able to benefit from these schemes since most of the time, microfinance schemes are provided into a conventional microfinance system which includes the “interest (Riba)” that is strictly prohibited for Muslims. Nevertheless, this study constitutes a linkage between Islamic Finance and IBBL Islamic microfinance scheme, whether it works for alleviating poverty in Bangladesh. As it is known that Islami Bank Bangladesh Limited (IBBL) focused Shariah compliance disclosure by establishing its reputation and differentiating itself from conventional microfinance systems. Accordingly, this article will point out how Islamic microfinance follows the Islamic Shari’ah in its operation and helps clients to improve their moral and ethical values through Rural Development Scheme (RDS), which allows the rural Muslims in Bangladesh to involve in the Islamic microfinance schemes. Applying performance analysis techniques, this article analyzes the status of Rural Development Schemes (RDS) offered by Islami Bank Bangladesh Limited, Bangladesh, where the specific objectives of this study include analyzing the allocation efficiency of RDS, and financial performance (Risk and Return ratios) of RDS of Islami Bank Bangladesh Limited and how it works as an alternative tool for poverty reduction through their various investment models. With this method, this article mainly argues whether Islamic microfinance provides an alternative to poverty reduction.
| Item Type: | Article |
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| Uncontrolled Keywords: | 4404 Development Studies; 5004 Religious Studies; 50 Philosophy and Religious Studies; 44 Human Society; Clinical Research; 1 No Poverty |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Pharmacy and Biomolecular Sciences |
| Publisher: | Iktisadi Kalkinma ve Sosyal Arastirmalar Dernegi |
| SWORD Depositor: | A Symplectic |
| Date Deposited: | 17 Mar 2025 15:10 |
| Last Modified: | 17 Mar 2025 15:15 |
| DOI or ID number: | 10.46291/cenraps.v4i1.61 |
| URI: | https://researchonline.ljmu.ac.uk/id/eprint/25914 |
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