RE‐CASTING DEVELOPMENT: ISLAMIC BANKING AND THE CASE OF THE ISLAMI BANK'S RURAL DEVELOPMENT SCHEME IN BANGLADESH

Mohammed R. Kroessin

Journal of International Development, 2011, vol. 23, issue 6, 855-867

Abstract: Islamic economics has been counter‐constructed as an alternative to the mainstream development model perceived to be purely focused on the material world. In this context, the development narrative of a leading Islamic bank in Bangladesh is explored, utilising a discourse analytical approach. Despite the fact that the Islami Bank's development programme appears to very similar to mainstream interventions, it seeks to re‐cast development as a holistic process with a vision for society that is both spiritual and material. By virtue of this narrative that conceptualises the objectives of development in a different fashion to the mainstream, complex power dynamics and antagonistic frontiers with other development actors are generated. Copyright © 2011 John Wiley & Sons, Ltd.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:23:y:2011:i:6:p:855-867

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