Socially Responsible Investments of Islami Bank Bangladesh Limited (IBBL)
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Date
2015-06
Journal Title
Journal ISSN
Volume Title
Publisher
Centre for Research on Islamic Management and Business
Abstract
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.
Description
Keywords
Socially Responsible Investment, Charitable, Development, Shariah
Citation
Vol. 3 No. 1, June 2015,