Volume 04, December 2015
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Item Community Based Tourism: A Potential Tool for Alleviating Poverty in Bangladesh(CRP, International Islamic University Chittagong, Bangladesh, 2015-12) Khandaka, Sabrina; Muzahid, Mohammad Aman UddinThe purpose of this paper is to investigate the possible ways to alleviate poverty through developing community based tourism in Bangladesh- a country with a dominant rural population and agro-based economy. Community-based tourism [CBT] has been proposed as the appropriate program for addressing poverty by providing opportunities for income and employment generation. This paper deliberately attempts to portray the strategies and tactics for developing community based tourism in Bangladesh. Which properly can control the stressful nature of tourism while empowering the community; expanding tourism enterprises run by local communities; maximizing use of local labor, goods and services through reducing leakage; expanding informal sector linkages; preserving culture; conserving the environment and providing educational opportunities? However, a number of barriers prevent the poor from participating in such programs, including a lack of social capital and skills that need to be addressed before the benefits of CBT can be realized. In this regard, the study tries to find out the potentials of Islamic microfinance programs that extend small loans to poor people and provide them an access to micro-businesses supplying tourism product and services at low cost. Secondary data were used to achieve the objectives in this study. The write-up also suggests that an integrated approach to tourism planning and development is required for a notable sustainable growth of tourism sector that will very soon emerge as a major contributor to the economy of Bangladesh and will be able to unlock opportunities as well as create net benefit for the poor people of rural Bangladesh..Item Perception on Service Quality and Level of Satisfaction of Islamic Bank: A Case Study of Social Islamic Bank Ltd(CRP, International Islamic University Chittagong, Bangladesh, 2015-12) Sarker, Md. Abdus Salam; Jilani, Munshi Muhammad Abdul Kader; Ullah, Md. MarufShari’ah based banking have gained good momentum over a short period of time by expanding their activities on the lines of contemporary financial markets. Service quality and customer satisfaction are going to be key differentiators for each Islamic bank from their competitors. The purpose of this study was to evaluate the perception on service quality and level of customer satisfaction in Islamic banks particularly in Social Islami Bank Ltd. (SIBL). A survey was conducted conveniently on 100 retail banking customers in Dhaka city to collect primary data with the help of a structured questionnaire. The study has found that the customers’ perception about the service delivery system and products/services offered by the bank are at a satisfactory level except the product Bai-Salam and the ATM Services. Location of the branch gets the higher priority to the customers followed by employees and physical facilities of the branch among the service delivery system of the bank.Item Assessing Return on Training Investment (ROTI) of Islami Bank Bangladesh Limited(CRP, International Islamic University Chittagong, Bangladesh, 2015-12) Ahmed, MahmoodThe training budget of Islami Bank Bangladesh Ltd. is about BDT 100 million for 10,425 employees to impart training at Islami Bank Training and Research Academy in the year 2013. If employees really are greatest asset, isn't it time to look at training programmes of Islami Bank Training and Research Academy as investments in human capital and not just as an expense? This article assessing the case for return on investment to the Special Training Course on Professional Development held twice in the year 2012 at Islami Bank Training and Research Academy. It has been found that the training of Islami Bank Bangladesh Limited has a business value. Therefore, the regional centers of the Islami Bank Training and Research Academy may be established, like other public commercial banks, to make the training available at hand. Moreover, it will make the training investment cost effective, hassle-free and growth-led. The training programmes should be continuously improved to provide better value and increased benefits for the IBBL.Item Richocracy is Responsible for Global Inequality with Special Reference to US Ideals and Practices(CRP, International Islamic University Chittagong Bangladesh, 2015-12) Ahmed, Ghyasuddin‘Rich is getting richer and poor poorer’ is the common global voice today and this is getting worse in Capitalists societies since the demise of Soviet Communism in early 1990s.As the opposing force, capitalists used to be extremely scared of communism that made them to cut the work hours to 8, standardized salaries, made provisions of annual pay increase and vacations, chances of promotions, pensions, labor unions etc. Ironically capitalism also failed in 2008, but defenders of this system do not admit it. With the failure of capitalism the various ideals of democracy become only catch and deceptive words changing democracy to ‘richocracy’ i.e. the government of the rich, by the rich and for the rich. After the demise of communism the rich crates became extremely wild and are taking over whatever benefits and freedoms the labors enjoyed before. Rich crates’ enslavement of democratic processes and systems seems to be permanent, unless and until some kind of revolution – social or otherwise occurs. Today rich crates control the world economics, politics, religion and societal norms and values creating many attractive or deceptive business products and strategies that openly cheat consumers by all different means. Richocracy deceptively defines or redefines societal ideals, morals, norms and values that made bad good and good bad, and honest dishonest. They also continually portray patriotic people to be unpatriotic and vice versa. In addition this paper discusses how various ways richocracy contributes to increased magnitude of poverty and inequality, bad impact of privatization and not for profit agencies even though these are excellent ideas. It also reflects on Islam phobia agenda of the Western rich crates. No matter whatever control mechanisms are adopted human bad manners makemostideals dysfunctional through the hidden agenda and programs of the rich crates.Item Zakah: A Comprehensive and Effective Redistribution Strategy for an Economy Ensuring Poverty Alleviation and Distributive Justice(CRP, International Islamic University Chittagong Bangladesh, 2015-12) Faruq Ahmad, Abu Umar; Habib, Farrukh; Rashid, MamunurZakah ( الزكاة ) which is the third of the five basic pillars of Islam is considered as an integral part of an Islamic social welfare system since it ensures the rights of poor and needy in the wealth of the rich and as such acts as a tool for distribution of wealth in eradicating poverty in society. This study discusses the potentials of zakah in distributing economic justice and alleviation of poverty. Keeping this objective in view, the study attempts to discuss: a) the concept of redistributive justice from conventional as well as Islamic economics point of view, b) the well-known schools of thought in political philosophy of redistributing income, and c) the salient features of the Islamic strategy for the realisation of the desired pattern of distribution. Zakah is designed to eliminate poverty – both in the short- and long-term basis. Besides, being a collection of redistributive measures it has great scope to play an important role in distributing justice in an economy.Item Evaluation of Disclosures in Annual Report: A Study on the Listed Textile Companies in Bangladesh(CRP, International Islamic University Chittagong Bangladesh, 2015-12) Rokibul Kabir, MohammadFor a vibrant capital market it is necessary to have well informed decision making by the investors. The main source of such information is the annual report provided by a company. The study is an attempt to find whether the listed textile companies are making sufficient disclosures in their annual report. To measure the extent of disclosures, two un-weighted disclosure indices have been constructed. One of these is a 144 point index for the overall disclosures while the other is a 35 point index for the voluntary disclosures only. The required data have been collected from the secondary sources, i.e. the annual reports of the selected companies from year 2008 to 2011. The collected data have been analyzed by using statistical tools like mean, percentile and t-test. Computer aided statistical software SPSS 20 was used to calculate the results of the above mentioned tests. The study reveals that there are significant differences in disclosure practices among the sample companies. But the level of disclosures is not satisfactory as the average disclosure score is 45.3787 out of 144 which is only 31.51% of the total allocated score. Again, the average voluntary disclosure score is 5 out of 35 (14.29%) which is not satisfactory at all.Item Factors behind Begging and Search for Alternatives: A Study on Female Street Beggars in Chittagong City(CRP, International Islamic University Chittagong Bangladesh, 2015-12) Sobhani, Farid A.; Murtaz, MalehaThe study aims at knowing the feelings of female street beggars concerning begging, identifying the causes of begging and getting ideas from them to get rid of begging. It was an exploratory study in nature based on opinion survey of the female street beggars. Chittagong City area was purposively selected for this study. A semi-structured questionnaire was designed to interview the beggars. A total of 62 female street beggars were randomly interviewed from July to October 2014. The study revealed that about 87% beggars interviewed feel ashamed of begging and saw begging as an immoral conduct. The factors that induced them in begging are: polygamy, dishonest husband, looking after children, family disintegration, illiteracy, illness, lack of jobs, poor salary for works, natural disaster and survival. Some of them (13%) considered begging as a profession like other works. Most of them (92%) desired to get rid of begging having suitable alternatives. The alternative activities they mentioned include job, training, family integration, Government shelter, social/community support, money and business. Getting support fund, they desired to start scarp business, fisheries, poultry farms, cloth business, vegetable business and selling pithapuli (local pizza) in the winter seasons and so on. The study generated thought provoking ideas for Government bodies, civil societies, donor agencies and social science researchers to move forward for the eradication of extreme poverty and street begging from a developing country like Bangladesh.Item Effects of Income on Travel: A Study of Dhaka City Dwellers(CRP, International Islamic University Chittagong, Bangladesh, 2015-12) Islam, Serajul; Ahammed, FaisalThis paper briefly presents research findings on the travel characteristics of the people of Dhaka, the capital of Bangladesh. It reveals that there is strongly positive relationship between income and travel expense for the people of Dhaka City. Most of the people of the city use three-wheeler, slow moving, and manually operated non-motorized vehicles. The relationship between monthly income and monthly travel expense for recreational purpose is roughly linear up to certain limit and after this limit, the monthly travel expenses for recreational purpose increases rapidly. Majority people of Dhaka City provided their opinion for using a train service in Dhaka Metropolitan Area, though the travel expense for this train service will be little bit higher than any other public mode. In fact the people of Dhaka City use various types of modes for their daily trips on the basis of purpose, travel cost, travel time and above all comfort-ability of the mode.Item Microfinance: Learning from Islami Bank Bangladesh Limited (IBBL)(CRP, International Islamic University Chittagong, Bangladesh, 2015-12) Rafique, Abu BakrThe Rural Development Scheme (RDS) of Islami Bank Bangladesh Limited (IBBL) was introduced in 1996 with the objective of eradicating poverty and to involve the largest number of village-living poor folks to create opportunity for income generation and employment of the rural poor. RDS, despite its limitations, has proven itself as an alternative microfinance program to the conventional microfinance providers and Non-Governmental Organizations (NGOs) in Bangladesh. This paper, aims at analyzing the success of the RDS of IBBL throughout the past few years, and testing its effectiveness as an alternative to the conventional microfinance programs which are mainly based on interest-bearing loans.