Islamic banking in Bangladesh (Master of Laws Hons Thesis)

This study offers an introduction to the Islamic banking system in Bangladesh, focusing on the legal and regulatory issues facing this industry. It examines the development of the legal framework within which Islamic banks operate. It also addresses the theoretical and operational differences between Islamic banks and conventional banks. The study examines the prospects of the Islamic banking industry in Bangladesh and offers insights as to how these prospects may be improved. In a comparative analysis between Islamic banks and conventional banks, the study finds that Islamic banks in Bangladesh face legal constraints that limit their ability to compete with conventional banks: the laws, regulations, and regulatory bodies are designed to facilitate interest-based banking. Thus, Islamic banks in Bangladesh should have their own banking acts to provide legal support to the parties concerned.