Abstract

Bangladesh is a developing country having various religious people. The majority portion of people is Muslim in this country. Bangladesh is in a growing stage of Business and its development. Banking sector is one of the best source of this development in Business. For being one of the developing country as well as Muslim country, there are several variation in this banking systems. General commercial banks and some Islamic banks are doing business today across this country but their systems of banking is different. Researchers had a curiosity of finding out those differences in this paper researchers tried to find out the dissimilarities in investment approval process of Islamic Banks with investment approval process or credit or loan approval process of others commercial banks. Researchers also tried to review the actual and identical investment process of Islamic banks as well as differences with other commercial banks. Researchers used both direct and indirect method to collect data on this rigorous issue. Researcher took several Islamic Banks and worked on their investment process. Researchers found several dissimilarities with general commercial banks’ credit approval process. Finally researchers recommended a specific and complete model for investment approval process of Islamic Sariah Oriented banks.

Highlights

  • Banks are financial institutions engaged in boosting national savings and capital formation as well as constituting infrastructure through the financing of various development projects in many countries and Bangladesh is not exception here

  • The main objectives of this paper is to find out the specific investment approval process

  • As Bangladesh is a Muslim country and most people believe in Islamic Sariah, Islamic banking plays an important role in this economy

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Summary

Introduction

Banks are financial institutions engaged in boosting national savings and capital formation as well as constituting infrastructure through the financing of various development projects in many countries and Bangladesh is not exception here. It performs multi-dimensional activities like borrowing and lending of money, drawing, collecting and discounting bills, transferring funds, save deposit, vault/locker service, foreign exchange transactions etc. In this stage of initial screening, bank consider the full business plan If they find that this funding proposal will not go beyond the Country laws, Islamic Laws (in case of Islamic Banking) and anything harmful for the society they goes to the step. If they find anything irrelevant they closed funding proposal for consideration

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