Management of Mudaraba Waqf Cash Deposit in Islami Bank Bangladesh Limited: An Evaluation

Mahmood Ahmed ()
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Mahmood Ahmed: Islamic Bank BD Ltd, Islamic Bank Training and Research Academy

Chapter Chapter 9 in Revitalization of Waqf for Socio-Economic Development, Volume II, 2019, pp 177-186 from Springer

Abstract: Abstract Islami Bank Bangladesh Limited invests Mudaraba Waqf Cash Deposit in productive assets. The profit is spent chosen by the Waqif. It created an opportunity for the wealthy people to invest in different social services. The more the waqf investment returns, the more Mawquf Alaih benefit from the waqf deposit. Hence, the bank management has the professional responsibility to employ their best effort for mobilization of the deposit. This paper attempts therefore to evaluate the management of the Mudaraba Waqf Cash Deposit of IBBL. Time series data was analysed in the study. It was found that there is a need for diversification of the product so as to make awqaf more relevant and beneficial in the social context of Bangladesh. Six suggestions were made for better growth of Mudaraba Waqf Cash Deposit of IBBL.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-18449-0_9

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DOI: 10.1007/978-3-030-18449-0_9

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