Why Bangladesh is falling behind in implementing the Islamic microfinance system? A systematic literature review

Muhammad, Niaz Makhdum and Sharofiddin, Ashurov (2022) Why Bangladesh is falling behind in implementing the Islamic microfinance system? A systematic literature review. International Journal of Al-Quran and Knowledge, 2 (1). pp. 1-9. E-ISSN 2785-8065

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Abstract

Due to the inability to access formal financial services, millions of people in Bangladesh living in extreme poverty are unable to engage in development activities. Hence, they are unable to fund their children's education, accumulate assets, or capitalize on other economic opportunities. As a consequence, it's critical to look at how Islamic microfinance might assist these poor people in improving their entire socioeconomic situation and living in a community where they are treated with respect and dignity. This study has used a systematic literature review, where the relevant data for this study was acquired through secondary sources. 15 peer-reviewed articles were collected, synthesized, and analyzed to obtain the necessary information. This study's findings highlight the primary reasons why Bangladesh continues to fall behind in terms of successfully implementing the Islamic microfinance system. The government, civil society organizations, and financial institutions all need to take initiatives to popularize the Islamic microfinance system in this country, as highlighted in this article.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Microfinance, Islamic Microfinance, Islamic Microfinance Institutions, Bangladesh, Challenges
Subjects:	H Social Sciences > HG Finance H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr Sharofiddin Ashurov
Date Deposited:	20 Jul 2022 14:52
Last Modified:	20 Jul 2022 14:52
URI:	http://irep.iium.edu.my/id/eprint/98855

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