Development Of Islamic Micro Finance In Bangladesh: A Review Of Literature
Poverty is considered as a major problem of Bangladesh from the time when it has achieved independence. The government has already taken a number of initiatives to alleviate the poverty. However, Micro finance is one of the major programs which has been experienced a tremendous growth in last thr...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://eprints.unisza.edu.my/1294/1/FH03-FESP-18-12000.pdf http://eprints.unisza.edu.my/1294/ |
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| Institution: | Universiti Sultan Zainal Abidin |
| Language: | English |
| Summary: | Poverty is considered as a major problem of Bangladesh from the time when it has achieved
independence. The government has already taken a number of initiatives to alleviate the poverty.
However, Micro finance is one of the major programs which has been experienced a tremendous growth
in last three decades. The aim of developing microfinance schemes is to provide employment
opportunities for the poor in order to promote their financial health. Both conventional and Islamic modes
are currently used to provide financing. However, many researchers believe Islamic mode of financing
are more effective as it considers basic human needs. At present, Islamic Micro-Finance Institutions
(IMFIs) are facing a number of challenges in Bangladesh due to its nature, lack of resources and
regulatory support. However, this study is going to deliberate rationales behind the growth and
development of Islamic Micro-finance industry in Bangladesh. Moreover, current challenges and possible
suggestions of this industry are also discussed. |
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