Microfinance: Learning from Islami Bank Bangladesh Limited (IBBL)
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Date
2015-12
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
CRP, International Islamic University Chittagong, Bangladesh
Abstract
The 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.
Description
Keywords
Rural Development Scheme (RDS), Microfinance, Islamic Microfinance, Poverty Alleviation
Citation
Volume 4; December 2015; Page: 9-20