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Investment Approval Process of ISLAMIC Banking - An Identical Investment Approval Process Model: A Case Study on Some Selected Islamic Banks in Bangladesh

Received: 29 June 2016     Accepted: 22 July 2016     Published: 22 September 2016
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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.

Published in International Journal of Business and Economics Research (Volume 5, Issue 5)
DOI 10.11648/j.ijber.20160505.14
Page(s) 155-160
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Investment, Investment Process, Investment Approval Process, Credit Management

References
[1] The International Bank for Reconstruction and Development. “World Bank Disbursement Guideline for Project”: Loan Department-2006
[2] Case Ware IIDEA Inc. (2014). Case Ware Analytics, “Case Ware Loan Portfolio Analytics”
[3] USAID-Funded Economic Governance II Project. “Credit Risk Workshop – Intermediate”: March 2006
[4] Olga Kaganova. “Guidebook on Capital Investment Planning for Local Governments” Urban Development Series Knowledge Paper-The World Bank: (October 2011)
[5] Asian Development Bank. “Loan Disbursement Handbook-January 2007”
[6] Bangladesh Bank. “Prudential Regulation for Banks: Selected Issue”-Updated till June 2009
[7] Jerry J. Weygandt, Paul D. Kimmel and Donald E. Kieso. Accounting Principles: 9th Edition-2011
[8] Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield, Intermediate Accounting: 12th edition-2013
[9] Oesterreichische Nationalbank and Austrian Financial Market Authority. Guideline for Credit Risk Management
[10] Nancy Hasey-Ross. Re-engineering the Credit Approval Process: (October 5, 2011)
[11] Hagos Mirach. CREDIT MANAGEMENT; A Case Study of Wegagen Bank Share Company in Tigray Region. Reg. No-- CBE/PRO-021/01 (June 2010)
Cite This Article
  • APA Style

    Md. Shahinoor Rahman, Md. Shafiul Islam, Md. Morshadul Hasan Arif. (2016). Investment Approval Process of ISLAMIC Banking - An Identical Investment Approval Process Model: A Case Study on Some Selected Islamic Banks in Bangladesh. International Journal of Business and Economics Research, 5(5), 155-160. https://doi.org/10.11648/j.ijber.20160505.14

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    ACS Style

    Md. Shahinoor Rahman; Md. Shafiul Islam; Md. Morshadul Hasan Arif. Investment Approval Process of ISLAMIC Banking - An Identical Investment Approval Process Model: A Case Study on Some Selected Islamic Banks in Bangladesh. Int. J. Bus. Econ. Res. 2016, 5(5), 155-160. doi: 10.11648/j.ijber.20160505.14

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    AMA Style

    Md. Shahinoor Rahman, Md. Shafiul Islam, Md. Morshadul Hasan Arif. Investment Approval Process of ISLAMIC Banking - An Identical Investment Approval Process Model: A Case Study on Some Selected Islamic Banks in Bangladesh. Int J Bus Econ Res. 2016;5(5):155-160. doi: 10.11648/j.ijber.20160505.14

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  • @article{10.11648/j.ijber.20160505.14,
      author = {Md. Shahinoor Rahman and Md. Shafiul Islam and Md. Morshadul Hasan Arif},
      title = {Investment Approval Process of ISLAMIC Banking - An Identical Investment Approval Process Model: A Case Study on Some Selected Islamic Banks in Bangladesh},
      journal = {International Journal of Business and Economics Research},
      volume = {5},
      number = {5},
      pages = {155-160},
      doi = {10.11648/j.ijber.20160505.14},
      url = {https://doi.org/10.11648/j.ijber.20160505.14},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20160505.14},
      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.},
     year = {2016}
    }
    

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    T1  - Investment Approval Process of ISLAMIC Banking - An Identical Investment Approval Process Model: A Case Study on Some Selected Islamic Banks in Bangladesh
    AU  - Md. Shahinoor Rahman
    AU  - Md. Shafiul Islam
    AU  - Md. Morshadul Hasan Arif
    Y1  - 2016/09/22
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    DO  - 10.11648/j.ijber.20160505.14
    T2  - International Journal of Business and Economics Research
    JF  - International Journal of Business and Economics Research
    JO  - International Journal of Business and Economics Research
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    EP  - 160
    PB  - Science Publishing Group
    SN  - 2328-756X
    UR  - https://doi.org/10.11648/j.ijber.20160505.14
    AB  - 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.
    VL  - 5
    IS  - 5
    ER  - 

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Author Information
  • Department of Accounting and Information Systems, Begum Rokeya University, Rangpur, Bangladesh

  • Department of Accounting and Information Systems, Begum Rokeya University, Rangpur, Bangladesh

  • Department of Accounting and Information Systems, Begum Rokeya University, Rangpur, Bangladesh

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