The provision shortfall in the banking sector of Bangladesh refers to the difference between the amount of money required to be set aside for bad loans and the actual amount of money set aside by the banks. A provision shortfall refers to a situation where a financial obligation or liability
Author: Mohammad Abdul Karim
Digital transformation sweeping across Bangladeshi banks
Bangladesh has entered the superhighway of digital transformation with its financial sector gaining momentum in recent years. The banking sector is considered to be the backbone of the financial system in most economies, and it plays a critical role in achieving economic growth and expansion. The development of the banking
Islamic Banking in the West
Islamic banking prohibits charging interest (riba), promoting unethical or speculative behavior (gharar), and investing in activities that are contrary to Islamic values (haram), such as gambling, alcohol, and tobacco production. Instead, it operates based on the principles of risk sharing, which involves participating in profit and loss with customers, and
The recent scams in the country’s Islamic banks
In the yester months there have been several reports of scams and fraudulent activities in Islamic banks in Bangladesh. Some Islamic banks have been accused of mismanaging funds, which has led to financial losses for customers. This has eroded public trust in the industry and made it more challenging for
Revitalising the NBFIs in Bangladesh
Mohammad Abdul Karim With the widespread anomalies and absence of good governance, scam-hit Non-Bank Financial Institutions (NBFIs) has put the economy of Bangladesh in an awkward situation. At present 33 Non-Bank Financial Institutions are working in Bangladesh. There are 2 are totally state owned, 15 are local private and 15 are joint