Business, Management and Accounting
3 years ago

Islamic Banking Thriving in Bangladesh, Revolutionizing Financial Landscape for Muslims.

Development of Islamic Banking and Finance in Bangladesh
Sadat Irfana, Kader Sheikh Abdul, Zayed Nurul Mohammad

Paper Summary

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Islamic banking in Bangladesh has been growing rapidly, with the establishment of popular banks like IBBL in 1983. The industry has shown strong performance and is expected to continue expanding. The study collected information from secondary sources to assess the development of Islamic banking in Bangladesh and identify current challenges. The findings suggest that Islamic banking is on the rise in Bangladesh, catering to the needs of its large Muslim population.