The Development of Islamic (Participation) Banking in Bangladesh and Its Contribution to the Economy

Year 2023, Volume: 25 Issue: 44, 391 - 415, 30.06.2023

Muhammed Tarık İslam , Nur Beder , Mehmet Sami Yıldız

Abstract

Islamic banking is progressively gaining popularity throughout the world as a result of the numerous benefits, it has provided to humanity in social fields, especially in the field of economy. Similarly, the Islamic banking industry has recently been the main focus of attention for Bangladesh's financial sector. As a result of the Islamic banking system's superiority, several traditional banks have been transformed into Islamic Shariah-based systems. The purpose of this study is to investigate the progress of the Islamic banking industry and it also assessed its contributions. The paper used secondary sources such as academic papers, textbooks, reports, websites, and the financial ratio analysis was utilized. The study finds that despite the global recession and other barriers, Islamic banks outperform traditional banks with a market share of around 28% (more than one-fourth) in the entire banking sector in Bangladesh and more than 49,433 employees in the Islamic banking industry. The study concluded that although Bangladesh does not have an Islamic banking act and a central Shariah board by the Bangladesh government, it is making rapid progress and Islamic banking has enormous potential in Bangladesh.

Keywords

Islamic & Interest-Free Banking, Profit-Loss Sharing, Development, Economic Contribution Bangladesh.

Bangladeş'te İslami (Katılım) Bankacılığın Gelişimi ve Ekonomiye Katkıları

Abstract

İslami bankacılık, başta ekonomi alanı olmak üzere toplumsal açıdan da insanlığa sağlamış olduğu sayısız faydaların bir sonucu olarak dünya çapında giderek popülerlik kazanmaktadır. Benzer şekilde, İslami bankacılık son zamanlarda Bangladeş'in finans sektörünün odak noktası olmuştur. İslami bankacılık sisteminin performans üstünlüğünün bir sonucu olarak, birçok geleneksel banka İslami hukuk tabanlı (çalışma) sistemlerine dönüştürülmüştür. Bu çalışmanın amacı Bangladeş’te İslami bankacılık sektörünün gelişimini araştırmak ve katkılarını değerlendirmektir. Makalede akademik makaleler, ders kitapları, raporlar, web siteleri gibi ikincil kaynaklardan yararlanılmış ve finansal oran analizi kullanılmıştır. Çalışma, İslami bankaların, küresel durgunluk ve diğer engellere rağmen, Bangladeş'teki tüm bankacılık sektöründe yaklaşık %28 (dörtte birden fazla) pazar payı ve İslami bankacılık sektöründe 49.433'den fazla çalışanı ile geleneksel bankalardan daha iyi performans gösterdiğini ortaya koymaktadır. Ayrıca, Bangladeş’te bağımsız bir İslami bankacılık yasası ve merkezi bir İslam hukuku kurulu olmamasına rağmen hızla ilerleme gösterdiği ve İslami bankacılığın Bangladeş'te muazzam bir potansiyele sahip olduğu sonucuna varmıştır.

Keywords

İslami ve Faizsiz Bankacılık, Kar-Zarar Paylaşımı, Gelişim, Ekonomiye Katkıları, Bangladeş.

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