Role of Islamic microfinance in alleviating poverty in Bangladesh: A study on RDS of IBBL

Md Masud Parvej; Asad Chowdhury; Md Kazi Golam Azam; Md Musharof Hossain; Abdullah Mohammad Ahshanul Mamun

doi:10.5430/ijfr.v11n4p111

Role of Islamic microfinance in alleviating poverty in Bangladesh: A study on RDS of IBBL

Md Masud Parvej, Asad Chowdhury, Md Kazi Golam Azam, Md Musharof Hossain, Abdullah Mohammad Ahshanul Mamun

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Abstract

The goal of this study is to determine the role of Islamic microfinance in alleviating poverty, a study on RDS (Rural Development Scheme) of the Islamic Bank Bangladesh Limited. The study employed interview method, descriptive statistics, T-test, Chi-squared test, and multiple regression analysis to investigate a total of 328 samples (RDS borrowers). The sample has been purposefully selected for the study from two districts of Rajshahi division of Bangladesh. The results of our study indicate that in any category having an income level of more than 5001 to 10000, after access to the RDS scheme of IBBL, overall, 72% of respondent’s income increased. In the case of impact analysis of the program on poverty alleviation, the results of the statistical analysis (regression model) revealed that there is a significant impact of the Rural Development Scheme (RDS) on poverty alleviation (P-value-0.000).

Original language	English
Pages (from-to)	111-129
Number of pages	19
Journal	International Journal of Financial Research
Volume	11
Issue number	4
DOIs	https://doi.org/10.5430/ijfr.v11n4p111
Publication status	Published - 2020
Externally published	Yes

Bibliographical note

Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.

Keywords

RDS
Islamic microfinance
Bangladesh
Islamic microfmance
Poverty

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10.5430/ijfr.v11n4p111Licence: CC BY

Publisher version (open access)Final published version, 872 KBLicence: CC BY

Cite this

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title = "Role of Islamic microfinance in alleviating poverty in Bangladesh: A study on RDS of IBBL",

abstract = "The goal of this study is to determine the role of Islamic microfinance in alleviating poverty, a study on RDS (Rural Development Scheme) of the Islamic Bank Bangladesh Limited. The study employed interview method, descriptive statistics, T-test, Chi-squared test, and multiple regression analysis to investigate a total of 328 samples (RDS borrowers). The sample has been purposefully selected for the study from two districts of Rajshahi division of Bangladesh. The results of our study indicate that in any category having an income level of more than 5001 to 10000, after access to the RDS scheme of IBBL, overall, 72\% of respondent{\textquoteright}s income increased. In the case of impact analysis of the program on poverty alleviation, the results of the statistical analysis (regression model) revealed that there is a significant impact of the Rural Development Scheme (RDS) on poverty alleviation (P-value-0.000).",

keywords = "RDS, Islamic microfinance, Bangladesh, Islamic microfmance, Poverty",

author = "Parvej, \{Md Masud\} and Asad Chowdhury and Azam, \{Md Kazi Golam\} and Hossain, \{Md Musharof\} and Mamun, \{Abdullah Mohammad Ahshanul\}",

note = "Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.",

year = "2020",

doi = "10.5430/ijfr.v11n4p111",

language = "English",

volume = "11",

pages = "111--129",

journal = "International Journal of Financial Research",

issn = "1923-4023",

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TY - JOUR

T1 - Role of Islamic microfinance in alleviating poverty in Bangladesh

T2 - A study on RDS of IBBL

AU - Parvej, Md Masud

AU - Chowdhury, Asad

AU - Azam, Md Kazi Golam

AU - Hossain, Md Musharof

AU - Mamun, Abdullah Mohammad Ahshanul

N1 - Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.

PY - 2020

Y1 - 2020

N2 - The goal of this study is to determine the role of Islamic microfinance in alleviating poverty, a study on RDS (Rural Development Scheme) of the Islamic Bank Bangladesh Limited. The study employed interview method, descriptive statistics, T-test, Chi-squared test, and multiple regression analysis to investigate a total of 328 samples (RDS borrowers). The sample has been purposefully selected for the study from two districts of Rajshahi division of Bangladesh. The results of our study indicate that in any category having an income level of more than 5001 to 10000, after access to the RDS scheme of IBBL, overall, 72% of respondent’s income increased. In the case of impact analysis of the program on poverty alleviation, the results of the statistical analysis (regression model) revealed that there is a significant impact of the Rural Development Scheme (RDS) on poverty alleviation (P-value-0.000).

AB - The goal of this study is to determine the role of Islamic microfinance in alleviating poverty, a study on RDS (Rural Development Scheme) of the Islamic Bank Bangladesh Limited. The study employed interview method, descriptive statistics, T-test, Chi-squared test, and multiple regression analysis to investigate a total of 328 samples (RDS borrowers). The sample has been purposefully selected for the study from two districts of Rajshahi division of Bangladesh. The results of our study indicate that in any category having an income level of more than 5001 to 10000, after access to the RDS scheme of IBBL, overall, 72% of respondent’s income increased. In the case of impact analysis of the program on poverty alleviation, the results of the statistical analysis (regression model) revealed that there is a significant impact of the Rural Development Scheme (RDS) on poverty alleviation (P-value-0.000).

KW - RDS

KW - Islamic microfinance

KW - Bangladesh

KW - Islamic microfmance

KW - Poverty

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DO - 10.5430/ijfr.v11n4p111

M3 - Article

SN - 1923-4023

VL - 11

SP - 111

EP - 129

JO - International Journal of Financial Research

JF - International Journal of Financial Research

IS - 4

ER -

Role of Islamic microfinance in alleviating poverty in Bangladesh: A study on RDS of IBBL

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Keywords

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