The growth and contemporary challenges of Islamic microfinance in Bangladesh

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Format: Restricted Document
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building INTELEK Repository
collection Online Access
collectionurl https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072
date 2019-06-15 00:11:43
format Restricted Document
id 11864
institution UniSZA
originalfilename 6164-01-FH02-FESP-19-25862.pdf
person Preeti Sharma
recordtype oai_dc
resourceurl https://intelek.unisza.edu.my/intelek/pages/view.php?ref=11864
spelling 11864 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=11864 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal application/pdf 9 1.6 Adobe Acrobat Pro DC 20 Paper Capture Plug-in Preeti Sharma 2019-06-15 00:11:43 6164-01-FH02-FESP-19-25862.pdf UniSZA Private Access The growth and contemporary challenges of Islamic microfinance in Bangladesh Asian People Journal (APJ) Microfinance industry is one of the a sectors of Bangladesh which has been experienced a tremendous growth in last three decades. The aim of developing microfinance schemes is to provide business opportunities for the poor in order to promote their financial health. Initially, the conventional model has only been used to give financing. With the passage of time, Islamic model of financing is also included under microfinancing programs. Nowadays, both conventional and Islamic models are currently being used to provide financing. However, several researchers believe that the Islamic model of financing is more effective as it considers basic human needs. But, the growth of Islamic microfinance is not as it is expected. At present, Islamic Microfinance Institutions (IMFIs) in Bangladesh are facing a number of challenges due to its nature, lack of resources and regulatory support. Therefore, this study is going to deliberate rationales behind the growth of Islamic microfinance industry in Bangladesh. Moreover, current challenges and possible suggestions of this industry are also discussed. The article has been mainly designed based on secondary data. It is expected that the output of this study might be beneficial for microfinance practitioners, learners and researchers especially those who have interest on this issue. 2 1 45-53
spellingShingle The growth and contemporary challenges of Islamic microfinance in Bangladesh
summary Microfinance industry is one of the a sectors of Bangladesh which has been experienced a tremendous growth in last three decades. The aim of developing microfinance schemes is to provide business opportunities for the poor in order to promote their financial health. Initially, the conventional model has only been used to give financing. With the passage of time, Islamic model of financing is also included under microfinancing programs. Nowadays, both conventional and Islamic models are currently being used to provide financing. However, several researchers believe that the Islamic model of financing is more effective as it considers basic human needs. But, the growth of Islamic microfinance is not as it is expected. At present, Islamic Microfinance Institutions (IMFIs) in Bangladesh are facing a number of challenges due to its nature, lack of resources and regulatory support. Therefore, this study is going to deliberate rationales behind the growth of Islamic microfinance industry in Bangladesh. Moreover, current challenges and possible suggestions of this industry are also discussed. The article has been mainly designed based on secondary data. It is expected that the output of this study might be beneficial for microfinance practitioners, learners and researchers especially those who have interest on this issue.
title The growth and contemporary challenges of Islamic microfinance in Bangladesh
title_full The growth and contemporary challenges of Islamic microfinance in Bangladesh
title_fullStr The growth and contemporary challenges of Islamic microfinance in Bangladesh
title_full_unstemmed The growth and contemporary challenges of Islamic microfinance in Bangladesh
title_short The growth and contemporary challenges of Islamic microfinance in Bangladesh
title_sort growth and contemporary challenges of islamic microfinance in bangladesh