Islamic Microcredit is the way of alternative approach for eradicating poverty in Bangladesh: A review of Islami bank Microcredit scheme

Abul Bashar Bhuiyan, Chamhuri Siwar, Abd. Ghafar Ismail, Basri Abdul Talib

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

Islamic Microcredit is still an emerging concept even in Bangladesh, the motherland for Microfinance. This study reviews empirical evidence on the common findings from the existing literature on Islami Bank microcredit performance on the borrower's poverty alleviation in Bangladesh. We first examine the Islami Bank microcredit impact with respect to its member's progress on poverty alleviation and socioeconomic development. In general, most of the findings from the literature have shown that Islami Bank microcredit borrowers are doing well to reduce their vulnerability and poverty as well as improved socioeconomic status after access credit. However, the paper also identify existing literature gap of Islamic microfinance study and provide recommendation for future scope of study in the field of Islamic microfinance in Bangladesh.

Original languageEnglish
Pages (from-to)221-230
Number of pages10
JournalAustralian Journal of Basic and Applied Sciences
Volume5
Issue number5
Publication statusPublished - May 2011

Fingerprint

Poverty
Bangladesh
Microcredit
Microfinance
Poverty alleviation
Vulnerability
Access to credit
Socioeconomic status
Socio-economic development
Empirical evidence

Keywords

  • Islami Bank
  • Islamic Microfinance
  • Poverty
  • Socioeconomic development and Bangladesh

ASJC Scopus subject areas

  • General

Cite this

Islamic Microcredit is the way of alternative approach for eradicating poverty in Bangladesh : A review of Islami bank Microcredit scheme. / Bhuiyan, Abul Bashar; Siwar, Chamhuri; Ismail, Abd. Ghafar; Abdul Talib, Basri.

In: Australian Journal of Basic and Applied Sciences, Vol. 5, No. 5, 05.2011, p. 221-230.

Research output: Contribution to journalArticle

@article{8d9d249c84b64008a6e94ac3c0ffd4bf,
title = "Islamic Microcredit is the way of alternative approach for eradicating poverty in Bangladesh: A review of Islami bank Microcredit scheme",
abstract = "Islamic Microcredit is still an emerging concept even in Bangladesh, the motherland for Microfinance. This study reviews empirical evidence on the common findings from the existing literature on Islami Bank microcredit performance on the borrower's poverty alleviation in Bangladesh. We first examine the Islami Bank microcredit impact with respect to its member's progress on poverty alleviation and socioeconomic development. In general, most of the findings from the literature have shown that Islami Bank microcredit borrowers are doing well to reduce their vulnerability and poverty as well as improved socioeconomic status after access credit. However, the paper also identify existing literature gap of Islamic microfinance study and provide recommendation for future scope of study in the field of Islamic microfinance in Bangladesh.",
keywords = "Islami Bank, Islamic Microfinance, Poverty, Socioeconomic development and Bangladesh",
author = "Bhuiyan, {Abul Bashar} and Chamhuri Siwar and Ismail, {Abd. Ghafar} and {Abdul Talib}, Basri",
year = "2011",
month = "5",
language = "English",
volume = "5",
pages = "221--230",
journal = "Australian Journal of Basic and Applied Sciences",
issn = "1991-8178",
publisher = "INSInet Publications",
number = "5",

}

TY - JOUR

T1 - Islamic Microcredit is the way of alternative approach for eradicating poverty in Bangladesh

T2 - A review of Islami bank Microcredit scheme

AU - Bhuiyan, Abul Bashar

AU - Siwar, Chamhuri

AU - Ismail, Abd. Ghafar

AU - Abdul Talib, Basri

PY - 2011/5

Y1 - 2011/5

N2 - Islamic Microcredit is still an emerging concept even in Bangladesh, the motherland for Microfinance. This study reviews empirical evidence on the common findings from the existing literature on Islami Bank microcredit performance on the borrower's poverty alleviation in Bangladesh. We first examine the Islami Bank microcredit impact with respect to its member's progress on poverty alleviation and socioeconomic development. In general, most of the findings from the literature have shown that Islami Bank microcredit borrowers are doing well to reduce their vulnerability and poverty as well as improved socioeconomic status after access credit. However, the paper also identify existing literature gap of Islamic microfinance study and provide recommendation for future scope of study in the field of Islamic microfinance in Bangladesh.

AB - Islamic Microcredit is still an emerging concept even in Bangladesh, the motherland for Microfinance. This study reviews empirical evidence on the common findings from the existing literature on Islami Bank microcredit performance on the borrower's poverty alleviation in Bangladesh. We first examine the Islami Bank microcredit impact with respect to its member's progress on poverty alleviation and socioeconomic development. In general, most of the findings from the literature have shown that Islami Bank microcredit borrowers are doing well to reduce their vulnerability and poverty as well as improved socioeconomic status after access credit. However, the paper also identify existing literature gap of Islamic microfinance study and provide recommendation for future scope of study in the field of Islamic microfinance in Bangladesh.

KW - Islami Bank

KW - Islamic Microfinance

KW - Poverty

KW - Socioeconomic development and Bangladesh

UR - http://www.scopus.com/inward/record.url?scp=79955752104&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=79955752104&partnerID=8YFLogxK

M3 - Article

AN - SCOPUS:79955752104

VL - 5

SP - 221

EP - 230

JO - Australian Journal of Basic and Applied Sciences

JF - Australian Journal of Basic and Applied Sciences

SN - 1991-8178

IS - 5

ER -