Md. Riazul Haque
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An Evaluation of Remittance Inflows Through Islamic Banks in Bangladesh Md. Riazul Haque
Demak Universal Journal of Islam and Sharia Vol. 3 No. 01 (2025): Main Thema: The Transformation of Islamic Law in Modern Society Through Fiqh,
Publisher : Walidem Institute and Publishing (WIP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61455/deujis.v3i01.326

Abstract

Objective: This study aims to explore the role of Islamic banks in managing remittance inflows in Bangladesh, focusing on their contribution to economic stability and financial inclusion. Theoretical framework: This study is based on Islamic economic and financial development theory, which emphasizes the role of Islamic financial institutions in supporting economic growth through the principles of sharia compliance, distribution fairness, and operational efficiency in financial transactions. Literature review: The literature review includes data and publications from Bangladesh banks, Islamic bank reports, academic journals, and previous articles, as well as global data sources such as the World Bank, which highlights the dynamics of remittances and the role of Islamic financial institutions in the macroeconomic context of Bangladesh. Methods: This study uses secondary data from three base quarters (October–December 2018, 2020, and 2022), which are then compared with the previous quarter and the same quarter of the previous year, to analyze the growth of Islamic bank branches, remittance market share, and their operational strength. Results: The results of the study show that Islamic banks, especially Islami Bank Bangladesh Limited, dominate the remittance market, followed by Al-Arafah Islami Bank Limited. Despite the growth, these banks also face some operational challenges that need to be addressed. Implications: These findings provide important implications for policymakers and the Islamic banking industry, namely the need to strengthen infrastructure and operational strategies to increase remittance flows through Islamic channels to promote national economic stability. Novelty: The novelty of this study lies in its cross-quarter comparative approach and specific focus on the contribution of Islamic banks in remittances, which has not been systematically studied in the context of Bangladesh.
Corporate Social Responsibility in Islamic Banks of Bangladesh: A Trend Analysis Md. Riazul Haque; Md. Manjurul Haque
Demak Universal Journal of Islam and Sharia Vol. 3 No. 02 (2025): Main Thema: Sharia in the Digital Era with Ethical Responses Legal Innovations
Publisher : Walidem Institute and Publishing (WIP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61455/deujis.v3i02.339

Abstract

Objective: The study aims to explore the sector-wise contributions to Corporate Social Responsibility activities by full-fledged Islamic banks of Bangladesh and Evaluate the consistency and effectiveness of CSR practices across different Islamic banks. Theoretical framework: The theoretical framework for this study is grounded in Stakeholder Theory and Islamic Ethical Principles, emphasizing the obligation of Islamic banks to uphold social justice, transparency, and community welfare. It explores how Shariah-compliant institutions integrate CSR into operations, guided by both religious values and stakeholder expectations and analyzes emerging trends in their CSR practices in Bangladesh. Literature review: The literature review includes data and publications central bank (Bangladesh Bank), academic papers, reports from Islamic banks, articles, and previous research studies, reputable news outlets, financial reports, and different publications from both government and non-governmental organizations involved in CSR initiatives of Bangladesh. Methods: This study utilizes CSR expenditure data from full-fledged Islamic banks, covering the period from (July to December) 2018 to 2022, sourced primarily from Bangladesh Bank publications. Tables, graphs, and charts will be employed to visually represent the data and support the interpretation of the findings. Results: The analysis reveals a steady increase in CSR expenditures and a growing emphasis on key sectors such as disaster management, healthcare education, etc. From 65.69 Crore BDT in 2018 (July- December) to 255.07 Crore BDT in 2022 (July- December), representing more than a quadrupling of the initial amount. Implications: These findings These findings provide important implications for stakeholders. The trend analysis of CSR practices in Islamic banks in Bangladesh indicates a steady yet encouraging development in their social responsibility efforts. While many banks are actively contributing to areas like charity, healthcare, and education, a truly comprehensive approach that reflects Islamic ethical principles and a focus on long-term sustainability is still missing. Novelty: The novelty of this study lies in its cross-biannual comparative approach and specific focus on the expenditure of full-fledged Islamic banks in corporate social responsibility, which has not been systematically studied in the context of Bangladesh.
Islamic Law in Plural Legal Systems and the SDGs: A Comparative Analysis of Indonesia, Bangladesh, and Kenya Alwy Ahmed Mohamed; Md. Riazul Haque; Alaa Alkhateeb
Demak Universal Journal of Islam and Sharia Vol. 3 No. 02 (2025): Main Thema: Sharia in the Digital Era with Ethical Responses Legal Innovations
Publisher : Walidem Institute and Publishing (WIP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61455/deujis.v3i02.412

Abstract

Objective: This study aims to analyze how Islamic law is interpreted, institutionalized, and practiced in the fields of family, inheritance, and Islamic finance, as well as how these interpretations interact with national constitutions and international human rights norms. Theoretical framework: The theoretical framework of this research is based on the concept of legal pluralism, the relationship between religious law and state law, and the framework of the Sustainable Development Goals (SDGs), specifically SDG 5 (Gender Equality), SDG 10 (Reducing Inequality), and SDG 16 (Peace, Justice, and Strong Institutions). Literature review: Reviews the theory of legal pluralism, constitutional debates in multireligious postcolonial countries, and previous studies of Islamic legal practice in Indonesia, Bangladesh, and Kenya, with a focus on issues of gender, judicial consistency, and human rights. Methods: This study uses a comparative qualitative method with a doctrinal legal analysis approach, legal case evaluation, and secondary literature synthesis. Data were analyzed across jurisdictions to compare Islamic legal practices in Indonesia, Bangladesh, and Kenya. Results: The results show different models of Islamic law implementation: Indonesia combines national and regional authorities (e.g., in Aceh), Bangladesh enforces Islamic family law through civil courts, while Kenya restricts sharia to the constitutionally recognized Kadhi courts. Legal pluralism promotes cultural inclusion, but it also creates inconsistencies in the protection of gender rights and the coherence of the justice system. Implications: Affirms the importance of harmonizing religious law with the constitution to strengthen human rights, inclusive justice, and legal reform by the SDGs. Novelty: A comparative analysis of three countries with different contexts and the direct link of Islamic law to the global agenda of the SDGs, in particular, gender equality, inequality reduction, and institutional strengthening.