Abstract
Bangladesh has had the presence of shari‘ah-based banking since 1983 when Islami Bank Bangladesh Limited (IBBL), the first full-fledged Bangladeshi Islamic bank, was established. Islamic insurance started in 1999, and Islamic finance and investment companies started operations in 2001. At present the Islamic banking system plays a major role in the financial markets of Bangladesh (see Table 6.1). Similar scenarios are also prevailing in the case of eight Islamic insurance companies and thirteen conventional insurance companies providing Islamic insurance services (see Table 6.2). Islamic non-bank financial institutions are also present in the same market since 2001.
| Original language | English |
|---|---|
| Title of host publication | The Edinburgh Companion to Shari'ah Governance in Islamic Finance |
| Editors | Syed Nazim Ali, Wijdan Tariq, Bahnaz Al-Quradaghi |
| Place of Publication | Edinburgh, Scotland |
| Publisher | Edinburgh University Press |
| Chapter | 6 |
| Pages | 105-124 |
| Number of pages | 20 |
| ISBN (Electronic) | 978-1-4744-3601-4 |
| ISBN (Print) | 978 1 4744 3600 7 |
| Publication status | Published - 2020 |
| Externally published | Yes |
Keywords
- Islamic banking
- Shari’ah compliance
- IBBL
- Islamic insurance
- Islamic bank