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Erschienen in:
2020 | OriginalPaper | Buchkapitel
2. Financial Inclusion for Poverty Alleviation: The Role of Islamic Finance in Bangladesh
verfasst von : M. Mizanur Rahman
Erschienen in: Enhancing Financial Inclusion through Islamic Finance, Volume II
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Abstract
Despite the role of Financial Inclusion in the progress of efficiency and equality in society, 2.7 billion people (70% of the adult population) in emerging markets have no access to basic financial services—many from countries with a predominantly Muslim population. Bangladesh hosts the third largest Muslim population in the world whose current level of inclusion is 40%. Since the establishment of the Islamic bank in 1983, there are now 57 banks, 8 fully fledged Islamic banks and 15 offering Islamic banking services through branches/windows. The collective market share of Islamic banks in the country is around 25% which is making a remarkable contribution to the GDP and sustainable development of the country. If Bangladesh is to become a middle-income country by 2021, it needs to exploit fully this un-tapped market and enhance financial inclusion. This chapter reviews the Bangladesh financial sector placing special emphasis on the contribution to financial inclusion.