Department of Business Administration

Permanent URI for this collectionhttp://dspace.iiuc.ac.bd/handle/88203/243

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Author: search.filters.author.Islam, Serajul

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    Role of Islamic Finance (Zakah) to Eradicate Extreme Poverty in Bangladesh
    (2015-12-25) Islam, Serajul; Bhuiyan, A. S. M. Fakhruddin
    The aim of the study is to find out the role of Zakat as tools of Islamic Finance to eradicate extreme poverty through the empirical study in Bangladesh. The study also analyzes the model of Zakat collection and distribution to eradicate poverty. The hearts of wealthy people are purified from greed through giving Zakat to the needy and the needy people are then able to fulfil their needs. Thus, Zakat should be able to reduce the gap between the rich and the poor .Each year, the Rich people of Bangladesh provide Zakat. The Zakat fund is not collected and distributed properly in most of the cases. The important recommendations of this paper are the best ways to collect zakat from different sectors, organizations, Institutions as well as individuals and also to distribute in a systematic way to alleviate poverty from Bangladesh.
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    Socially Responsible Investments of Islami Bank Bangladesh Limited (IBBL)
    (Centre for Research on Islamic Management and Business, 2015-06) Islam, Serajul; Kabir, Mohammad Rokibul; Alam, Abu Hanifa Md. Noman Bin
    This study briefly focuses on the status and growth of the socially responsible investments of IBBL. To conduct this study, researchers have collected both primary and secondary data. Primary data have been collected through questionnaire with interview of 50 clients in Hathazari who are under the umbrella of Rural Development Scheme (RDS) of Hathazari branch of IBBL. It is observed that, almost all investment schemes of IBBL is biased to the socially responsible investments and the schemes are designed considering safety and well being of the society. The special feature of the investment policy of the bank is ‘investment on the basis of profit-loss sharing in accordance with the tenets and principles of Islamic Shari’ah’. Earning profit is not the only motive and objective of the bank’s investment mechanism, significant stress is also given on attaining social welfare and in creating employment opportunities. The bank is financing various economic groups in different sectors in both urban and rural areas for improving their economic condition as well as social status.