An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL)

Md. Nazirul Islam Sarker; Md. Harun Or Rashid

doi:doi:10.11648/j.jim.20150405.28

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An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL)

Md. Nazirul Islam Sarker, Md. Harun Or Rashid

Published in Journal of Investment and Management (Volume 4, Issue 5)

Received: 21 July 2015 Accepted: 10 August 2015 Published: 19 August 2015

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Abstract

Banks are the most important parts of the financial system of any country. Specially, developing country like Bangladesh, proper banking system is very important and essential to play a vital role, because capital market system in Bangladesh is not advanced like other country’s capital market. The study analyses published texts, articles, websites and annual report of this bank through a content analysis. Key findings of this study manifest the contribution of this bank in different areas of economic development in Bangladesh like generating employment, earning foreign remittance, strengthening rural economy, promoting ecology and green banking, boosting industrialization, developing the SMEs, assisting in foreign trade (import-export) and developing the housing sector etc. This study also identifies FSIBL’s significant contribution to the national exchequer. This paper contributes to the field of economic development of Bangladesh and the role of FSIBL behind it and fills the gap of literature in this specific area. The study suggests that Islamic banking has a great impact on the economic development in Bangladesh

Published in	Journal of Investment and Management (Volume 4, Issue 5)
DOI	10.11648/j.jim.20150405.28
Page(s)	264-272
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Islamic Banking, Shariah, Bangladesh, Economic Development

References

[1]	Ahman, Auf. and K. Hassan, (2001), ‘Regulation and Performance of Islamic Banking in Bangladesh’, Thunderbird International Business Review, vol. 49, no. 2, pp. 251- 277.
[2]	Alam, M.N. 2000. ‘Islamic Banking in Bangladesh: A Case Study of IBBL; International Journal of Islamic Financial Services, vol. 1, no. 4.
[3]	Chowdhury, H.A. and M.S. Islam. 2007. “Interest Rate Sensitivity of Loans and Advances: A Comparative Study between Nationalized Commercial Banks and specialized Banks,”ASA University Review, vol. 1, pp. 86-97.
[4]	Hasan, K. 1999. Islamic Banking in Theory and Practice: The Experience of Bangladesh, Managerial Finance, vol. 25, no. pp. 60-113.
[5]	Kifle, H., Olukoshi, A. and L. Wohlgemuth.1997. A New Partnership for African Development: Issues and Parameters, Stockholm: Gotab.
[6]	Kosmidou, K.and C. Zopounidis. 2008. “Measurement of Bank Performance in Greece,” South-Eastern Europe Journal of Economics, vol. 1, pp. 79-95,.
[7]	Sarkar, A.A. (1999), ‘Islamic Banking in Bangladesh: Performance, Problems & Prospects’, International Journal of Islamic Financial Services, vol.1, no. 3.

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APA Style

Md. Nazirul Islam Sarker, Md. Harun Or Rashid. (2015). An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL). Journal of Investment and Management, 4(5), 264-272. https://doi.org/10.11648/j.jim.20150405.28

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ACS Style

Md. Nazirul Islam Sarker; Md. Harun Or Rashid. An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL). J. Invest. Manag. 2015, 4(5), 264-272. doi: 10.11648/j.jim.20150405.28

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AMA Style

Md. Nazirul Islam Sarker, Md. Harun Or Rashid. An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL). J Invest Manag. 2015;4(5):264-272. doi: 10.11648/j.jim.20150405.28

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@article{10.11648/j.jim.20150405.28,
  author = {Md. Nazirul Islam Sarker and Md. Harun Or Rashid},
  title = {An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL)},
  journal = {Journal of Investment and Management},
  volume = {4},
  number = {5},
  pages = {264-272},
  doi = {10.11648/j.jim.20150405.28},
  url = {https://doi.org/10.11648/j.jim.20150405.28},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20150405.28},
  abstract = {Banks are the most important parts of the financial system of any country. Specially, developing country like Bangladesh, proper banking system is very important and essential to play a vital role, because capital market system in Bangladesh is not advanced like other country’s capital market. The study analyses published texts, articles, websites and annual report of this bank through a content analysis. Key findings of this study manifest the contribution of this bank in different areas of economic development in Bangladesh like generating employment, earning foreign remittance, strengthening rural economy, promoting ecology and green banking, boosting industrialization, developing the SMEs, assisting in foreign trade (import-export) and developing the housing sector etc. This study also identifies FSIBL’s significant contribution to the national exchequer. This paper contributes to the field of economic development of Bangladesh and the role of FSIBL behind it and fills the gap of literature in this specific area. The study suggests that Islamic banking has a great impact on the economic development in Bangladesh},
 year = {2015}
}

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TY  - JOUR
T1  - An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL)
AU  - Md. Nazirul Islam Sarker
AU  - Md. Harun Or Rashid
Y1  - 2015/08/19
PY  - 2015
N1  - https://doi.org/10.11648/j.jim.20150405.28
DO  - 10.11648/j.jim.20150405.28
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 264
EP  - 272
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20150405.28
AB  - Banks are the most important parts of the financial system of any country. Specially, developing country like Bangladesh, proper banking system is very important and essential to play a vital role, because capital market system in Bangladesh is not advanced like other country’s capital market. The study analyses published texts, articles, websites and annual report of this bank through a content analysis. Key findings of this study manifest the contribution of this bank in different areas of economic development in Bangladesh like generating employment, earning foreign remittance, strengthening rural economy, promoting ecology and green banking, boosting industrialization, developing the SMEs, assisting in foreign trade (import-export) and developing the housing sector etc. This study also identifies FSIBL’s significant contribution to the national exchequer. This paper contributes to the field of economic development of Bangladesh and the role of FSIBL behind it and fills the gap of literature in this specific area. The study suggests that Islamic banking has a great impact on the economic development in Bangladesh
VL  - 4
IS  - 5
ER  -

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Author Information

Md. Nazirul Islam Sarker

School of Business, Bangladesh Open University, Gazipur, Bangladesh
Md. Harun Or Rashid

Department of Management, University of Dhaka, Dhaka, Bangladesh

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Plain Text BibTeX RIS

APA Style

Md. Nazirul Islam Sarker, Md. Harun Or Rashid. (2015). An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL). Journal of Investment and Management, 4(5), 264-272. https://doi.org/10.11648/j.jim.20150405.28

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ACS Style

Md. Nazirul Islam Sarker; Md. Harun Or Rashid. An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL). J. Invest. Manag. 2015, 4(5), 264-272. doi: 10.11648/j.jim.20150405.28

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AMA Style

Md. Nazirul Islam Sarker, Md. Harun Or Rashid. An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL). J Invest Manag. 2015;4(5):264-272. doi: 10.11648/j.jim.20150405.28

Copy | Download

@article{10.11648/j.jim.20150405.28,
  author = {Md. Nazirul Islam Sarker and Md. Harun Or Rashid},
  title = {An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL)},
  journal = {Journal of Investment and Management},
  volume = {4},
  number = {5},
  pages = {264-272},
  doi = {10.11648/j.jim.20150405.28},
  url = {https://doi.org/10.11648/j.jim.20150405.28},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20150405.28},
  abstract = {Banks are the most important parts of the financial system of any country. Specially, developing country like Bangladesh, proper banking system is very important and essential to play a vital role, because capital market system in Bangladesh is not advanced like other country’s capital market. The study analyses published texts, articles, websites and annual report of this bank through a content analysis. Key findings of this study manifest the contribution of this bank in different areas of economic development in Bangladesh like generating employment, earning foreign remittance, strengthening rural economy, promoting ecology and green banking, boosting industrialization, developing the SMEs, assisting in foreign trade (import-export) and developing the housing sector etc. This study also identifies FSIBL’s significant contribution to the national exchequer. This paper contributes to the field of economic development of Bangladesh and the role of FSIBL behind it and fills the gap of literature in this specific area. The study suggests that Islamic banking has a great impact on the economic development in Bangladesh},
 year = {2015}
}

Copy | Download

TY  - JOUR
T1  - An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL)
AU  - Md. Nazirul Islam Sarker
AU  - Md. Harun Or Rashid
Y1  - 2015/08/19
PY  - 2015
N1  - https://doi.org/10.11648/j.jim.20150405.28
DO  - 10.11648/j.jim.20150405.28
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 264
EP  - 272
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20150405.28
AB  - Banks are the most important parts of the financial system of any country. Specially, developing country like Bangladesh, proper banking system is very important and essential to play a vital role, because capital market system in Bangladesh is not advanced like other country’s capital market. The study analyses published texts, articles, websites and annual report of this bank through a content analysis. Key findings of this study manifest the contribution of this bank in different areas of economic development in Bangladesh like generating employment, earning foreign remittance, strengthening rural economy, promoting ecology and green banking, boosting industrialization, developing the SMEs, assisting in foreign trade (import-export) and developing the housing sector etc. This study also identifies FSIBL’s significant contribution to the national exchequer. This paper contributes to the field of economic development of Bangladesh and the role of FSIBL behind it and fills the gap of literature in this specific area. The study suggests that Islamic banking has a great impact on the economic development in Bangladesh
VL  - 4
IS  - 5
ER  -

Copy | Download