Browsing by Author "Uddin, Mohammed Jashim"
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Item Causal Relationship Between Foreign Direct Investment And Capital Flight: A Case Study of Bangladesh(Centre for Research on Islamic Management and Business, 2016-12) Uddin, Mohammed Jashim; Yousuf, Md.The fundamental aim of this study is to investigate the relationship between Foreign Direct Investment (FDI) and Capital Flight (KF) of Bangladesh. To obtain the objective, this paper has conducted statistical analyses and examined time series data over a period of Forty one years from 1973 to 2014. Unit root test and Granger causality test were exercised to measure the relationship between independent variable (FDI) and dependent variable (KF). The results found in this paper signify a positive correlation between FDI and Capital Flight and may be a concern and significant for the government of Bangladesh. The government might focus on required reforms and policy implications to make foreign investment more beneficial.Item Dividend Announcement of the Commercial Banks in DSE: Scenario and Effect on Stock Price(Centre for Research on Islamic Management and Business, 2014-06) Uddin, Md. Nezum; Uddin, Mohammed JashimIn this study we have tried to show the dividend scenario of the listed commercial bank of Dhaka Stock Exchange (DSE) from the fiscal year 2000 to 2013. The study also tried to investigate the effect of dividend announcement on stock prices based on the 28 DSE listed commercial banks. In this context declaring dividends during the fiscal year 2012-2013 have been considered as the observation period and event study methodology has been used. The result by using event study methodology indicates that there is no effect of dividend announcement on stock prices over the observation periods.Item Islamic Microfinance and Sustainable Development Goals in Bangladesh(Centre for Research on Islamic Banking & Finance and Business, 2018) Rashid, Md. Harun Ur; Uddin, Mohammed Jashim; Zobair, Shah Asadullah Mohd.The main objective of this study is to explore the Islamic Microfinance Instruments in achieving the Sustainable Development Goals (SDGs) in Bangladesh. The methodology of this study is based on secondary data including existing relevant literature, and annual reports of different financial institutions. The findings of this study show that Islamic microfinance institutions have a broader scope to attain SDGs through their various investment modes.The study categorizes the Islamic microfinance instruments into four broadly parts which are profit and loss sharing financing, non-profit & loss sharing financing, Islamic social enterprise based financing and charity based financing which have a positive effect to the real sector of the sustainable economy that will lead towards achieving SDGs. The Islamic Microfinance institutions are continuing their efforts in attaining SDGs through their various products. With growing the potentiality, Islamic microfinance has both direct and indirect impacts on ensuring economic development, environmental sustainability, and social inclusion by creating employment opportunity, spreading knowledge and skills, making self-dependent, protecting from adverse effects. The paper also tries to put recommendations to reduce the challenges of Islamic microfinance acting as impediments to achieving the SDGs.Item Scenario of Islamic money market instruments in some selected Muslim countries: A lesson for Bangladesh(CRP, International Islamic University Chittagong, Bangladesh, 2016-12) Uddin, Mohammed Jashim; Uddin, Md. NezumThe main focus of this study is to investigate the incumbent scenario of Islamic money market instruments in and outside of Bangladesh along with the close observation of conventional one. Islamic money market in different jurisdictions has deeply been observed and studied in this paper. From the experiences of global situation, Bangladesh money market has been found at a nascent stage. Some recommendations and proposals have been suggested to set up and formulate a vibrant, robust, healthy and sustainable Islamic money market for effective competition. Having an abundant potentiality of Islamic money market among, especially, in Muslim countries, this paper invokes respective central banks, Islamic financial institutions and non-bank Islamic financial institutions to come forward to operate and practice Shariah based money market in a unique way or along with conventional money market. Bank Negara Negotiable Notes, Islamic Accepted Bills (IAB), Islamic Negotiable Instruments of Deposit (INID), Rahn Agreement are found suitable for Bangladesh money market and two new instruments called Central Bank Mudarabah Sukuk (CMBS) and Government Murabahah Sukuk (GMS) have been proposed for the country.