Role of Islamic Microfinance in Alleviating Poverty in Bangladesh: A Study on RDS of IBBL

Md. Masud Parvej, MD. Asad Iqbal Chowdhury, Md. Kazi Golam Azam, Md. Musharof Hossain, Abdullah Mohammad Ahshanul Mamun


The goal of this study is to determine the role of Islamic microfinance in alleviating poverty, a study on RDS (Rural Development Scheme) of the Islamic Bank Bangladesh Limited. The study employed interview method, descriptive statistics, T-test, Chi-squared test, and multiple regression analysis to investigate a total of 328 samples (RDS borrowers). The sample has been purposefully selected for the study from two districts of Rajshahi division of Bangladesh. The results of our study indicate that in any category having an income level of more than 5001 to 10000, after access to the RDS scheme of IBBL, overall, 72% of respondent’s income increased. In the case of impact analysis of the program on poverty alleviation, the results of the statistical analysis (regression model) revealed that there is a significant impact of the Rural Development Scheme (RDS) on poverty alleviation (P-value-0.000).

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International Journal of Financial Research
ISSN 1923-4023(Print)ISSN 1923-4031(Online)


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