Prospects Analysis of an Islamic Capital Market in Bangladesh

AFarukABhuiyan Unknown; Abdul Kadar Muhammad Masum

Authors

AFarukABhuiyan Unknown
Abdul Kadar Muhammad Masum

Keywords:

capital market, islamic capital market, islamic financial system

Abstract

Dominant growth of Islamic financial system has ushered in a new era of alternative world economic approach- Islamic Financial System (IFS). It is a well-established fact that Interest (Riba) has negative comportment for an efficient capital market. Greedy intent of making quick buck increases the riskiness of the market. This study ventures deep into full potential of an Islamic Capital Market (ICM) for the flow of funds in Bangladesh. Both the international and domestic challenges are decelerating the opportunities. But, continuous upsurge of Islamic investors and stable market confidence for such market might overcome the snags. The present paper investigates the functioning of Islamic securities and examines the possibilities of their development within the existing regulations and economic determinants in Islamic countries for example Bangladesh.

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How to Cite

Prospects Analysis of an Islamic Capital Market in Bangladesh. (2013). Global Journal of Management and Business Research, 13(17), 57-61. https://journalofbusiness.org/index.php/GJMBR/article/view/

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Author Biographies

AFarukABhuiyan Unknown

Faruk Bhuiyan is an Assistant Professor in the Department of Accounting and Finance at the University of Sussex, United Kingdom, and also serves as an Assistant Professor of Accounting at BRAC Business School in Bangladesh. He holds an M.Phil from the University of Dhaka and has held academic positions at Teesside University, Australian Catholic University, and the University of Birmingham. His research interests include accounting, finance, sustainability, corporate social responsibility, and management control systems. He has authored over 30 publications, with a citation count of 624 and an h-index of 11. He is a member of CPA Australia.

Abdul Kadar Muhammad Masum

University Professor with a wide range of knowledge and experience in Computer Science and interdisciplinary field with 20 years of experience teaching at the Bachelor and Master programs of the university level. Dedicated partner to university programs and outreach events that help to promote learning and support the community. Looking to become an asset to a prestigious university in need.

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