Record Details

RURAL DEVELOPMENT SCHEME OF ISLAMI BANK BANGLADESH LIMITED (IBBL): ASSESSMENT AND CHALLENGES

International Journal of Economics, Management and Accounting

View Archive Info
 
 
Field Value
 
Title RURAL DEVELOPMENT SCHEME OF ISLAMI BANK BANGLADESH LIMITED (IBBL): ASSESSMENT AND CHALLENGES
 
Creator Rahman, M.Mizanur; Director (Research), Islami Bank Training and Research Academy, Mohammadpur, Dhaka-1207, Bangladesh
Jafrullah, M.; Director General, Islami Bank Training and Research Academy, Mohammadpur, Dhaka-1207, Bangladesh
Islam, ANM Tawhidul; Software Engineer, Islami Bank Training and Research Academy, Mohammadpur, Dhaka-1207, Bangladesh
 
Description Islami Bank Bangladesh Limited (IBBL) has launched a shar¥cah based Micro-finance program named Rural Development Scheme (RDS) in 1995, to uplift the overall socioeconomic plight of the rural poor. Presently, some 0.52 million group members of which 94 per cent female are involved in this scheme. Before further expansion to new areas, an assessment of the achievement of the RDS and its impact on the livelihood of the rural people was required. To conduct this study, primary data were collected interviewing 1020 randomly selected RDS clients working across the country. The study analysed many facets of the RDS and concludes that it was generally a success. Household income and expenditure had increased significantly and clients had a positive opinion towards the microinvestment program as it improved their standards of living. The study recommends that RDS activities be extended towards hardcore poor, especially for widows and divircees. Monitoring and supervision should be strengthened, while more ethical and moral motivational programs have been undertaken for both field supervisors and clients to reduce shar¥cah violation. The program can be replicated in other rural areas of Bangladesh in order to accelerate economic activities of the poor.JEL classification: G21, Z12Key words: Shar¥cah -based microfinance, Rural development, Bangladesh.
 
Publisher Kulliyyah of Economics and Management Sciences
 
Contributor —
 
Date 2013-03-04
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/148
 
Source International Journal of Economics, Management and Accounting; Vol 16, No 2 (2008)
 
Language eng
 
Relation http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/148/117