| After the inception of Islamic banking in Bangladesh in 1983 there was a consistent growth and today out of 47 commercial banks in Bangladesh 7 are full-fledged Islamic banks. In addition, 15 other regular commercial banks and two foreign banks are offering Islamic products through their Islamic banking branches/windows.
Currently, the combined share of Islamic banks accounts around 25 per cent of the total banking market of Bangladesh. Thus, Islamic part of banking sector contributing greatly in the development of national economy. Special contribution of Islamic banks is the inclusion of those un-banked in the banking sector who kept themselves away from the conventional banking system because of Riba or interest. ..............................................Full Article: Source
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