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Rural Development Scheme Of Islami Bank Bangladesh Limited (Ibbl): Assessment And Challenes

Author

Listed:
  • M. Mizanur Rahman
  • M. Jafrullah
  • ANM Tawhidul Islam

Abstract

Islami Bank Bangladesh Limited (IBBL) launched a shar¥cah based Microfinance 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 percent are female, are involved in this scheme. Before further expansion into 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 programme as it improved their standards of living. The study recommends that RDS activities be extended towards hardcore poor, especially for widows and divorcees. Monitoring and supervision should be strengthened, while more ethical and moral motivational programs have to be undertaken for both field supervisors and clients to reduce shar¥cah violation. The programme can be replicated in other rural areas of Bangladesh in order to accelerate economic activities of the poor.

Suggested Citation

  • M. Mizanur Rahman & M. Jafrullah & ANM Tawhidul Islam, 2008. "Rural Development Scheme Of Islami Bank Bangladesh Limited (Ibbl): Assessment And Challenes," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 16(2), pages 139-163, December.
    • Handle: RePEc:ije:journl:v:16:y:2008:i:2:p:139-163
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    Citations

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    Cited by:

    1. Fahami Muhammad Anis & Salina H. Kassim, 2016. "Effectiveness Of Zakat-Based Programs On Poverty Alleviation And Economic Empowerment Of Poor Women: A Case Study Of Bangladesh," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 1(2), pages 229-258, February.
    2. Md. Masud Parvej & Md. Asad Iqbal Chowdhury & Md. Kazi Golam Azam & Md. Musharof Hossain & Abdullah Mohammad Ahshanul Mamun, 2020. "Role of Islamic Microfinance in Alleviating Poverty in Bangladesh: A Study on RDS of IBBL," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(4), pages 111-129, July.
    3. Uddin Tanvir Ahmed & Mohiuddin Md Fazla, 2020. "Islamic Social Finance in Bangladesh: Challenges and Opportunities of the Institutional and Regulatory Landscape," The Law and Development Review, De Gruyter, vol. 13(1), pages 265-319, January.
    4. repec:idn:jimfjn:v:1:y:2016:i:2d:p:1-30 is not listed on IDEAS

    More about this item

    Keywords

    Shar¥cah based microfinance; Rural development; Bangladesh.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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