際際滷shows by User: Basharat2020 / http://www.slideshare.net/images/logo.gif 際際滷shows by User: Basharat2020 / Thu, 05 Mar 2020 10:09:12 GMT 際際滷Share feed for 際際滷shows by User: Basharat2020 Potential unexplored tourism and economic growth of bangladesh[#694179] 982065 /slideshow/potential-unexplored-tourism-and-economic-growth-of-bangladesh694179-982065/229733150 potentialunexploredtourismandeconomicgrowthofbangladesh694179-982065-200305100912
This paper examines the potential effects of tourism on the economic growth of Bangladesh. It is a review paper of the literature based on secondary data. This paper discusses various aspects regarding the effects of the tourism industry on the overall economic progress of the country, including real GDP growth, infrastructural development and employment generation. Since the tourism industry has a small share of revenue to the GDP of Bangladeshs economy (at this moment), its contribution to economic growth is limited till now. This paper finds that the current size of the Bangladesh tourism economy is BDT 500 million. Besides, Bangladesh earned USD 1157 million from tourism sector during 2009-2018 period. Each year, 0.55 million tourists (on average) visit Bangladesh in the same period. Moreover, it creates 2.23 million jobs each year. The travel and tourism sector contributes 4.4% of the GDP in each year. Bangladeshs government ensures a lot of facilities for tourists.This article points out a number of issues that need to be considered in the tourism industry to play a more significant role regarding economic growth, and the overall socio-economic development of Bangladesh. Keywords Impact, Tourism, Economic growth, Economic development, Banglades Bangladesh is currently the 41st of the largest economy of the world and the second largest economy of South Asia, only next to India. Bangladesh is a south Asian and lower-middle-income country with around 163.7 million populations. The current size of Bangladeshs GDP is USD 286 billion, with 8.13 per cent growth rate in 2018- 19 and it is estimated to be the 24th world largest economy by 2033 (Bangladesh Economic Review (BER) 2019, Centre for Economics and Business Research (CEBR), (2018). Apart from the service sector, the industry sector is the highest contributing sector in this economy (35.14 per cent) followed by agriculture (13.61 per cent), transport and communication sectors (10.98 per cent) respectively (BER, 2019). The industry sector covers four sub-sectors; these are: mining and quarrying, manufacturing, electricity, gas and water supply and construction.]]>
This paper examines the potential effects of tourism on the economic growth of Bangladesh. It is a review paper of the literature based on secondary data. This paper discusses various aspects regarding the effects of the tourism industry on the overall economic progress of the country, including real GDP growth, infrastructural development and employment generation. Since the tourism industry has a small share of revenue to the GDP of Bangladeshs economy (at this moment), its contribution to economic growth is limited till now. This paper finds that the current size of the Bangladesh tourism economy is BDT 500 million. Besides, Bangladesh earned USD 1157 million from tourism sector during 2009-2018 period. Each year, 0.55 million tourists (on average) visit Bangladesh in the same period. Moreover, it creates 2.23 million jobs each year. The travel and tourism sector contributes 4.4% of the GDP in each year. Bangladeshs government ensures a lot of facilities for tourists.This article points out a number of issues that need to be considered in the tourism industry to play a more significant role regarding economic growth, and the overall socio-economic development of Bangladesh. Keywords Impact, Tourism, Economic growth, Economic development, Banglades Bangladesh is currently the 41st of the largest economy of the world and the second largest economy of South Asia, only next to India. Bangladesh is a south Asian and lower-middle-income country with around 163.7 million populations. The current size of Bangladeshs GDP is USD 286 billion, with 8.13 per cent growth rate in 2018- 19 and it is estimated to be the 24th world largest economy by 2033 (Bangladesh Economic Review (BER) 2019, Centre for Economics and Business Research (CEBR), (2018). Apart from the service sector, the industry sector is the highest contributing sector in this economy (35.14 per cent) followed by agriculture (13.61 per cent), transport and communication sectors (10.98 per cent) respectively (BER, 2019). The industry sector covers four sub-sectors; these are: mining and quarrying, manufacturing, electricity, gas and water supply and construction.]]> Thu, 05 Mar 2020 10:09:12 GMT /slideshow/potential-unexplored-tourism-and-economic-growth-of-bangladesh694179-982065/229733150 Basharat2020@slideshare.net(Basharat2020) Potential unexplored tourism and economic growth of bangladesh[#694179] 982065 Basharat2020 This paper examines the potential effects of tourism on the economic growth of Bangladesh. It is a review paper of the literature based on secondary data. This paper discusses various aspects regarding the effects of the tourism industry on the overall economic progress of the country, including real GDP growth, infrastructural development and employment generation. Since the tourism industry has a small share of revenue to the GDP of Bangladeshs economy (at this moment), its contribution to economic growth is limited till now. This paper finds that the current size of the Bangladesh tourism economy is BDT 500 million. Besides, Bangladesh earned USD 1157 million from tourism sector during 2009-2018 period. Each year, 0.55 million tourists (on average) visit Bangladesh in the same period. Moreover, it creates 2.23 million jobs each year. The travel and tourism sector contributes 4.4% of the GDP in each year. Bangladeshs government ensures a lot of facilities for tourists.This article points out a number of issues that need to be considered in the tourism industry to play a more significant role regarding economic growth, and the overall socio-economic development of Bangladesh. Keywords Impact, Tourism, Economic growth, Economic development, Banglades Bangladesh is currently the 41st of the largest economy of the world and the second largest economy of South Asia, only next to India. Bangladesh is a south Asian and lower-middle-income country with around 163.7 million populations. The current size of Bangladeshs GDP is USD 286 billion, with 8.13 per cent growth rate in 2018- 19 and it is estimated to be the 24th world largest economy by 2033 (Bangladesh Economic Review (BER) 2019, Centre for Economics and Business Research (CEBR), (2018). Apart from the service sector, the industry sector is the highest contributing sector in this economy (35.14 per cent) followed by agriculture (13.61 per cent), transport and communication sectors (10.98 per cent) respectively (BER, 2019). The industry sector covers four sub-sectors; these are: mining and quarrying, manufacturing, electricity, gas and water supply and construction. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/potentialunexploredtourismandeconomicgrowthofbangladesh694179-982065-200305100912-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> This paper examines the potential effects of tourism on the economic growth of Bangladesh. It is a review paper of the literature based on secondary data. This paper discusses various aspects regarding the effects of the tourism industry on the overall economic progress of the country, including real GDP growth, infrastructural development and employment generation. Since the tourism industry has a small share of revenue to the GDP of Bangladeshs economy (at this moment), its contribution to economic growth is limited till now. This paper finds that the current size of the Bangladesh tourism economy is BDT 500 million. Besides, Bangladesh earned USD 1157 million from tourism sector during 2009-2018 period. Each year, 0.55 million tourists (on average) visit Bangladesh in the same period. Moreover, it creates 2.23 million jobs each year. The travel and tourism sector contributes 4.4% of the GDP in each year. Bangladeshs government ensures a lot of facilities for tourists.This article points out a number of issues that need to be considered in the tourism industry to play a more significant role regarding economic growth, and the overall socio-economic development of Bangladesh. Keywords Impact, Tourism, Economic growth, Economic development, Banglades Bangladesh is currently the 41st of the largest economy of the world and the second largest economy of South Asia, only next to India. Bangladesh is a south Asian and lower-middle-income country with around 163.7 million populations. The current size of Bangladeshs GDP is USD 286 billion, with 8.13 per cent growth rate in 2018- 19 and it is estimated to be the 24th world largest economy by 2033 (Bangladesh Economic Review (BER) 2019, Centre for Economics and Business Research (CEBR), (2018). Apart from the service sector, the industry sector is the highest contributing sector in this economy (35.14 per cent) followed by agriculture (13.61 per cent), transport and communication sectors (10.98 per cent) respectively (BER, 2019). The industry sector covers four sub-sectors; these are: mining and quarrying, manufacturing, electricity, gas and water supply and construction.
Potential unexplored tourism and economic growth of bangladesh[#694179] 982065 from Basharat Hossain
]]> 76 0 https://cdn.slidesharecdn.com/ss_thumbnails/potentialunexploredtourismandeconomicgrowthofbangladesh694179-982065-200305100912-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 The proliferation of the Urban Microfinance and its problems and prospects in Bangladesh /slideshow/the-proliferation-of-the-urban-microfinance-and-its-problems-and-prospects-in-bangladesh/229732873 theproliferationoftheurban-200305100033
The goal of this article is to inspect the current status, problems and, prospects of urban microfinance in Bangladesh. This article employs the descriptive research methods based on secondary data. This paper Illustrates the present scenario of urban microfinance by using tables, graphs and the trend analysis. This paper finds that the urban microfinance in Bangladesh has been growing tremendously during the last decades. During the 2006-2017 period, the number of members within the urban microfinance program has increased by 110.69%. Besides the amount of loan amount disbursed in the urban microfinance program has increased by 110.54 % during the last four years (2014-2017). Also, the rate of increases of the total net savings of the urban microfinance members (373.33%) was higher than the rate of increases of the total net savings of the rural microfinance members (152.36%) during the 2009- 2017 period. The loan Interest rate varies in between 15% and 30%. With regards to recovering the loan amount, 95% of the microfinance institutions (MFIs) apply the flat interest rate while the remaining 5% of the MFIs use the declining method.]]>
The goal of this article is to inspect the current status, problems and, prospects of urban microfinance in Bangladesh. This article employs the descriptive research methods based on secondary data. This paper Illustrates the present scenario of urban microfinance by using tables, graphs and the trend analysis. This paper finds that the urban microfinance in Bangladesh has been growing tremendously during the last decades. During the 2006-2017 period, the number of members within the urban microfinance program has increased by 110.69%. Besides the amount of loan amount disbursed in the urban microfinance program has increased by 110.54 % during the last four years (2014-2017). Also, the rate of increases of the total net savings of the urban microfinance members (373.33%) was higher than the rate of increases of the total net savings of the rural microfinance members (152.36%) during the 2009- 2017 period. The loan Interest rate varies in between 15% and 30%. With regards to recovering the loan amount, 95% of the microfinance institutions (MFIs) apply the flat interest rate while the remaining 5% of the MFIs use the declining method.]]> Thu, 05 Mar 2020 10:00:32 GMT /slideshow/the-proliferation-of-the-urban-microfinance-and-its-problems-and-prospects-in-bangladesh/229732873 Basharat2020@slideshare.net(Basharat2020) The proliferation of the Urban Microfinance and its problems and prospects in Bangladesh Basharat2020 The goal of this article is to inspect the current status, problems and, prospects of urban microfinance in Bangladesh. This article employs the descriptive research methods based on secondary data. This paper Illustrates the present scenario of urban microfinance by using tables, graphs and the trend analysis. This paper finds that the urban microfinance in Bangladesh has been growing tremendously during the last decades. During the 2006-2017 period, the number of members within the urban microfinance program has increased by 110.69%. Besides the amount of loan amount disbursed in the urban microfinance program has increased by 110.54 % during the last four years (2014-2017). Also, the rate of increases of the total net savings of the urban microfinance members (373.33%) was higher than the rate of increases of the total net savings of the rural microfinance members (152.36%) during the 2009- 2017 period. The loan Interest rate varies in between 15% and 30%. With regards to recovering the loan amount, 95% of the microfinance institutions (MFIs) apply the flat interest rate while the remaining 5% of the MFIs use the declining method. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/theproliferationoftheurban-200305100033-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> The goal of this article is to inspect the current status, problems and, prospects of urban microfinance in Bangladesh. This article employs the descriptive research methods based on secondary data. This paper Illustrates the present scenario of urban microfinance by using tables, graphs and the trend analysis. This paper finds that the urban microfinance in Bangladesh has been growing tremendously during the last decades. During the 2006-2017 period, the number of members within the urban microfinance program has increased by 110.69%. Besides the amount of loan amount disbursed in the urban microfinance program has increased by 110.54 % during the last four years (2014-2017). Also, the rate of increases of the total net savings of the urban microfinance members (373.33%) was higher than the rate of increases of the total net savings of the rural microfinance members (152.36%) during the 2009- 2017 period. The loan Interest rate varies in between 15% and 30%. With regards to recovering the loan amount, 95% of the microfinance institutions (MFIs) apply the flat interest rate while the remaining 5% of the MFIs use the declining method.
The proliferation of the Urban Microfinance and its problems and prospects in Bangladesh from Basharat Hossain
]]> 15 0 https://cdn.slidesharecdn.com/ss_thumbnails/theproliferationoftheurban-200305100033-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Poverty Reduction during 1971-2013 Periods: Success and its Recent Trends in Bangladesh /slideshow/poverty-reduction-during-19712013-periods-success-and-its-recent-trends-in-bangladesh/229732725 povertyreduction-200305095621
This paper analyses data on poverty for 1971-2013 periods and finds that, Bangladesh reduces national poverty by 55.82 percent during these periods. Moreover, nearly 44 percent people are found extremely poor who earn less than $1.25 per day and 77 percent people are moderately poor who earn less than $2 per day. Though, absolute income poverty declines but income inequality rises by 30 percent in these periods. However, different international indexes disclose that, Bangladesh also reduces human poverty. Bangladesh is no longer the member of alarmingly hunger countries and will become the member of Medium human development countries by 2014. Besides, about 58 percent people are found multi-dimensionally poor, who suffer from overlapping deprivations in health, education and standard of living. Finally, this paper makes a comparison between Bangladesh and other south Asian countries and finds that, Bangladesh has the highest level of poverty followed by India in this region.]]>
This paper analyses data on poverty for 1971-2013 periods and finds that, Bangladesh reduces national poverty by 55.82 percent during these periods. Moreover, nearly 44 percent people are found extremely poor who earn less than $1.25 per day and 77 percent people are moderately poor who earn less than $2 per day. Though, absolute income poverty declines but income inequality rises by 30 percent in these periods. However, different international indexes disclose that, Bangladesh also reduces human poverty. Bangladesh is no longer the member of alarmingly hunger countries and will become the member of Medium human development countries by 2014. Besides, about 58 percent people are found multi-dimensionally poor, who suffer from overlapping deprivations in health, education and standard of living. Finally, this paper makes a comparison between Bangladesh and other south Asian countries and finds that, Bangladesh has the highest level of poverty followed by India in this region.]]> Thu, 05 Mar 2020 09:56:21 GMT /slideshow/poverty-reduction-during-19712013-periods-success-and-its-recent-trends-in-bangladesh/229732725 Basharat2020@slideshare.net(Basharat2020) Poverty Reduction during 1971-2013 Periods: Success and its Recent Trends in Bangladesh Basharat2020 This paper analyses data on poverty for 1971-2013 periods and finds that, Bangladesh reduces national poverty by 55.82 percent during these periods. Moreover, nearly 44 percent people are found extremely poor who earn less than $1.25 per day and 77 percent people are moderately poor who earn less than $2 per day. Though, absolute income poverty declines but income inequality rises by 30 percent in these periods. However, different international indexes disclose that, Bangladesh also reduces human poverty. Bangladesh is no longer the member of alarmingly hunger countries and will become the member of Medium human development countries by 2014. Besides, about 58 percent people are found multi-dimensionally poor, who suffer from overlapping deprivations in health, education and standard of living. Finally, this paper makes a comparison between Bangladesh and other south Asian countries and finds that, Bangladesh has the highest level of poverty followed by India in this region. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/povertyreduction-200305095621-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> This paper analyses data on poverty for 1971-2013 periods and finds that, Bangladesh reduces national poverty by 55.82 percent during these periods. Moreover, nearly 44 percent people are found extremely poor who earn less than $1.25 per day and 77 percent people are moderately poor who earn less than $2 per day. Though, absolute income poverty declines but income inequality rises by 30 percent in these periods. However, different international indexes disclose that, Bangladesh also reduces human poverty. Bangladesh is no longer the member of alarmingly hunger countries and will become the member of Medium human development countries by 2014. Besides, about 58 percent people are found multi-dimensionally poor, who suffer from overlapping deprivations in health, education and standard of living. Finally, this paper makes a comparison between Bangladesh and other south Asian countries and finds that, Bangladesh has the highest level of poverty followed by India in this region.
Poverty Reduction during 1971-2013 Periods: Success and its Recent Trends in Bangladesh from Basharat Hossain
]]> 30 0 https://cdn.slidesharecdn.com/ss_thumbnails/povertyreduction-200305095621-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Maslahah based Production Ensures Peace in the World Economy Compared to the Non-Maslahah based Production: The Empirical Evidences from the World Economy /slideshow/maslahah-based-production-ensures-peace-in-the-world-economy-compared-to-the-nonmaslahah-based-production-the-empirical-evidences-from-the-world-economy/229732585 maslahah-200305095223
Maslahah means public benefit and welfare. This paper uses secondary data and analyzed the impact of two non-Maslahah products (alcohol and tobacco) and two non-Maslahah services (gambling and prostitution) on the global peace. The findings implied that, non-Maslahah products and services create impediments to attain and maintain the peace in the world economy. Alcohol produces 200 diseases and was the cause of 3.2% of global death in 2016. Tobacco is the causes of the death of over 7 million people globally in 2017 by generating cardiovascular and respiratory diseases. Gambling causes mental depression, violence in family and society, losses of economic resources. Prostitution disgraces the dignity of women and also produces several diseases, including HIV/AIDS that causes the death of 36.7 million people worldwide. Besides, it creates the hate against women by producing pornography. Conversely, Maslahah product and service such as Juice, rice, interest free banking only provide useful outcome to attain global peace. Finally, this paper recommends the ways to eliminate the production of non-Maslahah product from the economy. Key Words: Maslahah, Non-Maslahah, Islamic Economics, Peace, World economy A Discussion on the Concept of Maslahah and Non-Maslahah Maslahah (ﾘ休ﾘﾘ) is an Arabic word that originated from the noun Salaha (惶忰). The plural form is Masaalih (ﾘ休ﾘз忰). The literal meaning is good, right, appropriate, pious, good-will or friendly feelings, peacemaking, useful, beneficial and constructive (Almaany, 2017). Terminologically, Maslahah can be defined as the consideration of those factors which obtains or ensures the benefit and welfare or inhibits the harms and also complies the aim and theme as well as the intention of the Islamic shariah (Al-Syatibi 2003, Al Ghazali). In addition, Maslahah ensures the five essential things of the life, namely faith, life, intellect, lineage and property (Mannan, 1984). Islamic economists develop and employ the concept of Maslahah instead of the concept of utility. According to them, Maslahah is the superior concept of the utility. Utility is the property or power of the goods and services that satisfy the human needs and wants. On the contrary, Islamic economists define the Maslahah as the utility along with the useful and welfare characteristics. Hence, a product may have utility, but may not have Maslahah. Conversely, all Maslahah products have utility. For instance, fruit juice has utility and Maslahah while wine has only utility, but not have Maslahah (Mannan, 1984). However, non-Maslahah can be used as the synonym of Mafsadah (evil). The literal meaning is harm, bad, deteriorate, perish and destroy. So a product or service may be defined as non-Maslahah product which has harmful effects for the five indispensable elements of the human life (Mannan, 1984). For example; tobacco, tobacco products, alcohol, charging usury or interest etc. ]]>
Maslahah means public benefit and welfare. This paper uses secondary data and analyzed the impact of two non-Maslahah products (alcohol and tobacco) and two non-Maslahah services (gambling and prostitution) on the global peace. The findings implied that, non-Maslahah products and services create impediments to attain and maintain the peace in the world economy. Alcohol produces 200 diseases and was the cause of 3.2% of global death in 2016. Tobacco is the causes of the death of over 7 million people globally in 2017 by generating cardiovascular and respiratory diseases. Gambling causes mental depression, violence in family and society, losses of economic resources. Prostitution disgraces the dignity of women and also produces several diseases, including HIV/AIDS that causes the death of 36.7 million people worldwide. Besides, it creates the hate against women by producing pornography. Conversely, Maslahah product and service such as Juice, rice, interest free banking only provide useful outcome to attain global peace. Finally, this paper recommends the ways to eliminate the production of non-Maslahah product from the economy. Key Words: Maslahah, Non-Maslahah, Islamic Economics, Peace, World economy A Discussion on the Concept of Maslahah and Non-Maslahah Maslahah (ﾘ休ﾘﾘ) is an Arabic word that originated from the noun Salaha (惶忰). The plural form is Masaalih (ﾘ休ﾘз忰). The literal meaning is good, right, appropriate, pious, good-will or friendly feelings, peacemaking, useful, beneficial and constructive (Almaany, 2017). Terminologically, Maslahah can be defined as the consideration of those factors which obtains or ensures the benefit and welfare or inhibits the harms and also complies the aim and theme as well as the intention of the Islamic shariah (Al-Syatibi 2003, Al Ghazali). In addition, Maslahah ensures the five essential things of the life, namely faith, life, intellect, lineage and property (Mannan, 1984). Islamic economists develop and employ the concept of Maslahah instead of the concept of utility. According to them, Maslahah is the superior concept of the utility. Utility is the property or power of the goods and services that satisfy the human needs and wants. On the contrary, Islamic economists define the Maslahah as the utility along with the useful and welfare characteristics. Hence, a product may have utility, but may not have Maslahah. Conversely, all Maslahah products have utility. For instance, fruit juice has utility and Maslahah while wine has only utility, but not have Maslahah (Mannan, 1984). However, non-Maslahah can be used as the synonym of Mafsadah (evil). The literal meaning is harm, bad, deteriorate, perish and destroy. So a product or service may be defined as non-Maslahah product which has harmful effects for the five indispensable elements of the human life (Mannan, 1984). For example; tobacco, tobacco products, alcohol, charging usury or interest etc. ]]> Thu, 05 Mar 2020 09:52:23 GMT /slideshow/maslahah-based-production-ensures-peace-in-the-world-economy-compared-to-the-nonmaslahah-based-production-the-empirical-evidences-from-the-world-economy/229732585 Basharat2020@slideshare.net(Basharat2020) Maslahah based Production Ensures Peace in the World Economy Compared to the Non-Maslahah based Production: The Empirical Evidences from the World Economy Basharat2020 Maslahah means public benefit and welfare. This paper uses secondary data and analyzed the impact of two non-Maslahah products (alcohol and tobacco) and two non-Maslahah services (gambling and prostitution) on the global peace. The findings implied that, non-Maslahah products and services create impediments to attain and maintain the peace in the world economy. Alcohol produces 200 diseases and was the cause of 3.2% of global death in 2016. Tobacco is the causes of the death of over 7 million people globally in 2017 by generating cardiovascular and respiratory diseases. Gambling causes mental depression, violence in family and society, losses of economic resources. Prostitution disgraces the dignity of women and also produces several diseases, including HIV/AIDS that causes the death of 36.7 million people worldwide. Besides, it creates the hate against women by producing pornography. Conversely, Maslahah product and service such as Juice, rice, interest free banking only provide useful outcome to attain global peace. Finally, this paper recommends the ways to eliminate the production of non-Maslahah product from the economy. Key Words: Maslahah, Non-Maslahah, Islamic Economics, Peace, World economy A Discussion on the Concept of Maslahah and Non-Maslahah Maslahah (ﾘ休ﾘﾘ) is an Arabic word that originated from the noun Salaha (惶忰). The plural form is Masaalih (ﾘ休ﾘз忰). The literal meaning is good, right, appropriate, pious, good-will or friendly feelings, peacemaking, useful, beneficial and constructive (Almaany, 2017). Terminologically, Maslahah can be defined as the consideration of those factors which obtains or ensures the benefit and welfare or inhibits the harms and also complies the aim and theme as well as the intention of the Islamic shariah (Al-Syatibi 2003, Al Ghazali). In addition, Maslahah ensures the five essential things of the life, namely faith, life, intellect, lineage and property (Mannan, 1984). Islamic economists develop and employ the concept of Maslahah instead of the concept of utility. According to them, Maslahah is the superior concept of the utility. Utility is the property or power of the goods and services that satisfy the human needs and wants. On the contrary, Islamic economists define the Maslahah as the utility along with the useful and welfare characteristics. Hence, a product may have utility, but may not have Maslahah. Conversely, all Maslahah products have utility. For instance, fruit juice has utility and Maslahah while wine has only utility, but not have Maslahah (Mannan, 1984). However, non-Maslahah can be used as the synonym of Mafsadah (evil). The literal meaning is harm, bad, deteriorate, perish and destroy. So a product or service may be defined as non-Maslahah product which has harmful effects for the five indispensable elements of the human life (Mannan, 1984). For example; tobacco, tobacco products, alcohol, charging usury or interest etc. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/maslahah-200305095223-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> Maslahah means public benefit and welfare. This paper uses secondary data and analyzed the impact of two non-Maslahah products (alcohol and tobacco) and two non-Maslahah services (gambling and prostitution) on the global peace. The findings implied that, non-Maslahah products and services create impediments to attain and maintain the peace in the world economy. Alcohol produces 200 diseases and was the cause of 3.2% of global death in 2016. Tobacco is the causes of the death of over 7 million people globally in 2017 by generating cardiovascular and respiratory diseases. Gambling causes mental depression, violence in family and society, losses of economic resources. Prostitution disgraces the dignity of women and also produces several diseases, including HIV/AIDS that causes the death of 36.7 million people worldwide. Besides, it creates the hate against women by producing pornography. Conversely, Maslahah product and service such as Juice, rice, interest free banking only provide useful outcome to attain global peace. Finally, this paper recommends the ways to eliminate the production of non-Maslahah product from the economy. Key Words: Maslahah, Non-Maslahah, Islamic Economics, Peace, World economy A Discussion on the Concept of Maslahah and Non-Maslahah Maslahah (ﾘ休ﾘﾘ) is an Arabic word that originated from the noun Salaha (惶忰). The plural form is Masaalih (ﾘ休ﾘз忰). The literal meaning is good, right, appropriate, pious, good-will or friendly feelings, peacemaking, useful, beneficial and constructive (Almaany, 2017). Terminologically, Maslahah can be defined as the consideration of those factors which obtains or ensures the benefit and welfare or inhibits the harms and also complies the aim and theme as well as the intention of the Islamic shariah (Al-Syatibi 2003, Al Ghazali). In addition, Maslahah ensures the five essential things of the life, namely faith, life, intellect, lineage and property (Mannan, 1984). Islamic economists develop and employ the concept of Maslahah instead of the concept of utility. According to them, Maslahah is the superior concept of the utility. Utility is the property or power of the goods and services that satisfy the human needs and wants. On the contrary, Islamic economists define the Maslahah as the utility along with the useful and welfare characteristics. Hence, a product may have utility, but may not have Maslahah. Conversely, all Maslahah products have utility. For instance, fruit juice has utility and Maslahah while wine has only utility, but not have Maslahah (Mannan, 1984). However, non-Maslahah can be used as the synonym of Mafsadah (evil). The literal meaning is harm, bad, deteriorate, perish and destroy. So a product or service may be defined as non-Maslahah product which has harmful effects for the five indispensable elements of the human life (Mannan, 1984). For example; tobacco, tobacco products, alcohol, charging usury or interest etc.
Maslahah based Production Ensures Peace in the World Economy Compared to the Non-Maslahah based Production: The Empirical Evidences from the World Economy from Basharat Hossain
]]> 26 0 https://cdn.slidesharecdn.com/ss_thumbnails/maslahah-200305095223-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Islamic Microfinance and Rehabilitation Model for the Slum and Floating Population by Waqf Funds, the Case of Bangladesh: A Proposal for Muslim Countries /slideshow/islamic-microfinance-and-rehabilitation-model-for-the-slum-and-floating-population-by-waqf-funds-the-case-of-bangladesh-a-proposal-for-muslim-countries/229732371 jkauislamicmicrofinance-200305094631
This paper designs a conceptual model of Islamic microfinance and reha-bilitation by using the waqf funds for the slum and floating population. It analyzes both the primary and the secondary data on the current status of Islamic microfinance cover-age (in thirteen countries), waqf estates (in seven countries), and the slum and floating population in thirty five Muslim countries of the world. The primary data was accumu-lated on 150 microfinance borrowers and 100 non-borrowers of Bangladesh. This pa-per presents a multifunctional structure of an autonomous waqf management institution to execute the model of this paper. This institution will be formed by the joint venture of the government, the national, as well as international Islamic agencies. Furthermore, this model will be implemented through five stages, the revival and registration of the waqf estate, accumulation of funds, initiating the Islamic microfinance and rehabilita-tion for the slum population, and finally, forward linkage that may help the slum people to contribute to the society Keywords: Waqf, Islamic Microfinance, Rehabilitation, Slum population, Muslim countries. JEL Classification: G21, O21, Z12 KAUJIE Classification: E23, H15, S4]]>
This paper designs a conceptual model of Islamic microfinance and reha-bilitation by using the waqf funds for the slum and floating population. It analyzes both the primary and the secondary data on the current status of Islamic microfinance cover-age (in thirteen countries), waqf estates (in seven countries), and the slum and floating population in thirty five Muslim countries of the world. The primary data was accumu-lated on 150 microfinance borrowers and 100 non-borrowers of Bangladesh. This pa-per presents a multifunctional structure of an autonomous waqf management institution to execute the model of this paper. This institution will be formed by the joint venture of the government, the national, as well as international Islamic agencies. Furthermore, this model will be implemented through five stages, the revival and registration of the waqf estate, accumulation of funds, initiating the Islamic microfinance and rehabilita-tion for the slum population, and finally, forward linkage that may help the slum people to contribute to the society Keywords: Waqf, Islamic Microfinance, Rehabilitation, Slum population, Muslim countries. JEL Classification: G21, O21, Z12 KAUJIE Classification: E23, H15, S4]]> Thu, 05 Mar 2020 09:46:31 GMT /slideshow/islamic-microfinance-and-rehabilitation-model-for-the-slum-and-floating-population-by-waqf-funds-the-case-of-bangladesh-a-proposal-for-muslim-countries/229732371 Basharat2020@slideshare.net(Basharat2020) Islamic Microfinance and Rehabilitation Model for the Slum and Floating Population by Waqf Funds, the Case of Bangladesh: A Proposal for Muslim Countries Basharat2020 This paper designs a conceptual model of Islamic microfinance and reha-bilitation by using the waqf funds for the slum and floating population. It analyzes both the primary and the secondary data on the current status of Islamic microfinance cover-age (in thirteen countries), waqf estates (in seven countries), and the slum and floating population in thirty five Muslim countries of the world. The primary data was accumu-lated on 150 microfinance borrowers and 100 non-borrowers of Bangladesh. This pa-per presents a multifunctional structure of an autonomous waqf management institution to execute the model of this paper. This institution will be formed by the joint venture of the government, the national, as well as international Islamic agencies. Furthermore, this model will be implemented through five stages, the revival and registration of the waqf estate, accumulation of funds, initiating the Islamic microfinance and rehabilita-tion for the slum population, and finally, forward linkage that may help the slum people to contribute to the society Keywords: Waqf, Islamic Microfinance, Rehabilitation, Slum population, Muslim countries. JEL Classification: G21, O21, Z12 KAUJIE Classification: E23, H15, S4 <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/jkauislamicmicrofinance-200305094631-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> This paper designs a conceptual model of Islamic microfinance and reha-bilitation by using the waqf funds for the slum and floating population. It analyzes both the primary and the secondary data on the current status of Islamic microfinance cover-age (in thirteen countries), waqf estates (in seven countries), and the slum and floating population in thirty five Muslim countries of the world. The primary data was accumu-lated on 150 microfinance borrowers and 100 non-borrowers of Bangladesh. This pa-per presents a multifunctional structure of an autonomous waqf management institution to execute the model of this paper. This institution will be formed by the joint venture of the government, the national, as well as international Islamic agencies. Furthermore, this model will be implemented through five stages, the revival and registration of the waqf estate, accumulation of funds, initiating the Islamic microfinance and rehabilita-tion for the slum population, and finally, forward linkage that may help the slum people to contribute to the society Keywords: Waqf, Islamic Microfinance, Rehabilitation, Slum population, Muslim countries. JEL Classification: G21, O21, Z12 KAUJIE Classification: E23, H15, S4
Islamic Microfinance and Rehabilitation Model for the Slum and Floating Population by Waqf Funds, the Case of Bangladesh: A Proposal for Muslim Countries from Basharat Hossain
]]> 23 0 https://cdn.slidesharecdn.com/ss_thumbnails/jkauislamicmicrofinance-200305094631-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Application of Islamic Consumer Theory: An Empirical Analysis in the Context of Bangladesh /slideshow/application-of-islamic-consumer-theory-an-empirical-analysis-in-the-context-of-bangladesh-229732024/229732024 islamic-consumer-theory3-200305093616
This paper presents a report on an empirical survey on application of Islamic consumer theory in Bangladesh which was conducted on 184 graduate students of economics from Dhaka University, Bangladesh. This study reveals that, majority of the respondents consider the concept of Halal and Haram in economic transactions. Besides, they argue against the interest based economic system and prescribe that religious instruments (Zakat, awqaf, Fitra etc.) should be included in the syllabus of modern economics and it should be taught in educational institutions. Finally, it recommends some policies to implement Islamic consumer theory in Bangladesh. Key words:Islamic Consumer Theory, Islamic economics, Consumption, Survey Bangladesh JEL Classification: D10, D11, D12, Z12 ]]>
This paper presents a report on an empirical survey on application of Islamic consumer theory in Bangladesh which was conducted on 184 graduate students of economics from Dhaka University, Bangladesh. This study reveals that, majority of the respondents consider the concept of Halal and Haram in economic transactions. Besides, they argue against the interest based economic system and prescribe that religious instruments (Zakat, awqaf, Fitra etc.) should be included in the syllabus of modern economics and it should be taught in educational institutions. Finally, it recommends some policies to implement Islamic consumer theory in Bangladesh. Key words:Islamic Consumer Theory, Islamic economics, Consumption, Survey Bangladesh JEL Classification: D10, D11, D12, Z12 ]]> Thu, 05 Mar 2020 09:36:16 GMT /slideshow/application-of-islamic-consumer-theory-an-empirical-analysis-in-the-context-of-bangladesh-229732024/229732024 Basharat2020@slideshare.net(Basharat2020) Application of Islamic Consumer Theory: An Empirical Analysis in the Context of Bangladesh Basharat2020 This paper presents a report on an empirical survey on application of Islamic consumer theory in Bangladesh which was conducted on 184 graduate students of economics from Dhaka University, Bangladesh. This study reveals that, majority of the respondents consider the concept of Halal and Haram in economic transactions. Besides, they argue against the interest based economic system and prescribe that religious instruments (Zakat, awqaf, Fitra etc.) should be included in the syllabus of modern economics and it should be taught in educational institutions. Finally, it recommends some policies to implement Islamic consumer theory in Bangladesh. Key words:Islamic Consumer Theory, Islamic economics, Consumption, Survey Bangladesh JEL Classification: D10, D11, D12, Z12 <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/islamic-consumer-theory3-200305093616-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> This paper presents a report on an empirical survey on application of Islamic consumer theory in Bangladesh which was conducted on 184 graduate students of economics from Dhaka University, Bangladesh. This study reveals that, majority of the respondents consider the concept of Halal and Haram in economic transactions. Besides, they argue against the interest based economic system and prescribe that religious instruments (Zakat, awqaf, Fitra etc.) should be included in the syllabus of modern economics and it should be taught in educational institutions. Finally, it recommends some policies to implement Islamic consumer theory in Bangladesh. Key words:Islamic Consumer Theory, Islamic economics, Consumption, Survey Bangladesh JEL Classification: D10, D11, D12, Z12
Application of Islamic Consumer Theory: An Empirical Analysis in the Context of Bangladesh from Basharat Hossain
]]> 35 0 https://cdn.slidesharecdn.com/ss_thumbnails/islamic-consumer-theory3-200305093616-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Identifying Presence of Gharar in the Buying and Selling Mechanism under Different Kinds of Market Structure /slideshow/identifying-presence-of-gharar-in-the-buying-and-selling-mechanism-under-different-kinds-of-market-structure/229724227 gharar-by-basharat-200305074421
The goal of this article is to investigate presence of Gharar in the buying and selling mechanism of different kinds of market. This is a qualitative paper based on theory and secondary information. The paper finds that the Gharar exists highly in the imperfectly competitive market compared to that of perfectly competitive. The level of Gharar is higher in monopoly followed by oligopoly and monopolistic market. Finally, the paper recommends some steps to be taken to avoid Gharar in buying and selling mechanism of those markets. Key words: Gharar, Market, Buying and Selling Mechanism JEL Code: Q01, Q56, Q57 ]]>
The goal of this article is to investigate presence of Gharar in the buying and selling mechanism of different kinds of market. This is a qualitative paper based on theory and secondary information. The paper finds that the Gharar exists highly in the imperfectly competitive market compared to that of perfectly competitive. The level of Gharar is higher in monopoly followed by oligopoly and monopolistic market. Finally, the paper recommends some steps to be taken to avoid Gharar in buying and selling mechanism of those markets. Key words: Gharar, Market, Buying and Selling Mechanism JEL Code: Q01, Q56, Q57 ]]> Thu, 05 Mar 2020 07:44:21 GMT /slideshow/identifying-presence-of-gharar-in-the-buying-and-selling-mechanism-under-different-kinds-of-market-structure/229724227 Basharat2020@slideshare.net(Basharat2020) Identifying Presence of Gharar in the Buying and Selling Mechanism under Different Kinds of Market Structure Basharat2020 The goal of this article is to investigate presence of Gharar in the buying and selling mechanism of different kinds of market. This is a qualitative paper based on theory and secondary information. The paper finds that the Gharar exists highly in the imperfectly competitive market compared to that of perfectly competitive. The level of Gharar is higher in monopoly followed by oligopoly and monopolistic market. Finally, the paper recommends some steps to be taken to avoid Gharar in buying and selling mechanism of those markets. Key words: Gharar, Market, Buying and Selling Mechanism JEL Code: Q01, Q56, Q57 <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/gharar-by-basharat-200305074421-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> The goal of this article is to investigate presence of Gharar in the buying and selling mechanism of different kinds of market. This is a qualitative paper based on theory and secondary information. The paper finds that the Gharar exists highly in the imperfectly competitive market compared to that of perfectly competitive. The level of Gharar is higher in monopoly followed by oligopoly and monopolistic market. Finally, the paper recommends some steps to be taken to avoid Gharar in buying and selling mechanism of those markets. Key words: Gharar, Market, Buying and Selling Mechanism JEL Code: Q01, Q56, Q57
Identifying Presence of Gharar in the Buying and Selling Mechanism under Different Kinds of Market Structure from Basharat Hossain
]]> 23 0 https://cdn.slidesharecdn.com/ss_thumbnails/gharar-by-basharat-200305074421-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Nexus between Foreign Aid and Economic Growth: Evidences from Bangladesh /slideshow/nexus-between-foreign-aid-and-economic-growth-evidences-from-bangladesh/229723807 foreignaidandeconomicgrowth-200305074027
Bangladesh receives about $56.5 billion foreign aid during 1971-2012 periods. This paper analyzes 33 years data for 1980-2012 periods to show the effects of foreign aid on the economic growth of Bangladesh. This study estimates eight models including three for last three decades (1980-1990, 1991-2001, 2002-2012), four for the four different government periods, namely, Military government period (1982-1990), BNP (Bangladesh Nationalist Party) government (1991-1995, 2002-2006) , BAL (Bangladesh Awami League) government (1996-2001, 2009-2012) and the Whole Democratic government period (1991-2012) and one for entire period (1980- 2012). This research finds that, foreign aid has positive effect on the economic growth of Bangladesh and it is statistically significant in two models. The contribution of aid to GDP is falling overtime. This paper also reveals that the aid generates decreasing returns because of capacity constraint of Bangladeshi institutions to utilize foreign aid effectively. This finding is consistent with previous findings of different researches. Keywords: oreign aid, effect, economic growth, government, bangladesh]]>
Bangladesh receives about $56.5 billion foreign aid during 1971-2012 periods. This paper analyzes 33 years data for 1980-2012 periods to show the effects of foreign aid on the economic growth of Bangladesh. This study estimates eight models including three for last three decades (1980-1990, 1991-2001, 2002-2012), four for the four different government periods, namely, Military government period (1982-1990), BNP (Bangladesh Nationalist Party) government (1991-1995, 2002-2006) , BAL (Bangladesh Awami League) government (1996-2001, 2009-2012) and the Whole Democratic government period (1991-2012) and one for entire period (1980- 2012). This research finds that, foreign aid has positive effect on the economic growth of Bangladesh and it is statistically significant in two models. The contribution of aid to GDP is falling overtime. This paper also reveals that the aid generates decreasing returns because of capacity constraint of Bangladeshi institutions to utilize foreign aid effectively. This finding is consistent with previous findings of different researches. Keywords: oreign aid, effect, economic growth, government, bangladesh]]> Thu, 05 Mar 2020 07:40:26 GMT /slideshow/nexus-between-foreign-aid-and-economic-growth-evidences-from-bangladesh/229723807 Basharat2020@slideshare.net(Basharat2020) Nexus between Foreign Aid and Economic Growth: Evidences from Bangladesh Basharat2020 Bangladesh receives about $56.5 billion foreign aid during 1971-2012 periods. This paper analyzes 33 years data for 1980-2012 periods to show the effects of foreign aid on the economic growth of Bangladesh. This study estimates eight models including three for last three decades (1980-1990, 1991-2001, 2002-2012), four for the four different government periods, namely, Military government period (1982-1990), BNP (Bangladesh Nationalist Party) government (1991-1995, 2002-2006) , BAL (Bangladesh Awami League) government (1996-2001, 2009-2012) and the Whole Democratic government period (1991-2012) and one for entire period (1980- 2012). This research finds that, foreign aid has positive effect on the economic growth of Bangladesh and it is statistically significant in two models. The contribution of aid to GDP is falling overtime. This paper also reveals that the aid generates decreasing returns because of capacity constraint of Bangladeshi institutions to utilize foreign aid effectively. This finding is consistent with previous findings of different researches. Keywords: oreign aid, effect, economic growth, government, bangladesh <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/foreignaidandeconomicgrowth-200305074027-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> Bangladesh receives about $56.5 billion foreign aid during 1971-2012 periods. This paper analyzes 33 years data for 1980-2012 periods to show the effects of foreign aid on the economic growth of Bangladesh. This study estimates eight models including three for last three decades (1980-1990, 1991-2001, 2002-2012), four for the four different government periods, namely, Military government period (1982-1990), BNP (Bangladesh Nationalist Party) government (1991-1995, 2002-2006) , BAL (Bangladesh Awami League) government (1996-2001, 2009-2012) and the Whole Democratic government period (1991-2012) and one for entire period (1980- 2012). This research finds that, foreign aid has positive effect on the economic growth of Bangladesh and it is statistically significant in two models. The contribution of aid to GDP is falling overtime. This paper also reveals that the aid generates decreasing returns because of capacity constraint of Bangladeshi institutions to utilize foreign aid effectively. This finding is consistent with previous findings of different researches. Keywords: oreign aid, effect, economic growth, government, bangladesh
Nexus between Foreign Aid and Economic Growth: Evidences from Bangladesh from Basharat Hossain
]]> 30 0 https://cdn.slidesharecdn.com/ss_thumbnails/foreignaidandeconomicgrowth-200305074027-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Economics of Information and Advertising: A Comparative Analysis in View of Conventional and Islamic Economics /slideshow/economics-of-information-and-advertising-a-comparative-analysis-in-view-of-conventional-and-islamic-economics/229722323 economics-of-advertising1-200305072356
Information has enormous influences to maximize the satisfaction of economic agents whereas advertising works as a media to convey information to the market. Informative advertising makes consumers better off while persuasive or uninformative advertising worsens them off. This paper makes a comparison between Islamic and conventional theories of information and advertisements through the Constructionist approach. This paper reveals that, Islamic theories are more effective than the conventional theories, because Islamic economics scrutinizes the market in terms of both positive and normative sight. On the contrary, conventional theories evaluate the market in terms of positive view only and promote contemporary advertisement which uses some unfair means including women, nudity, sexual appeals, and misinformation which further creates serious social, cultural and ethical problems in market. This problem prolongs due to absent of ethics and Islamic principles in conventional business. This article illustrates that, since law is not worth enough to correct the market, so an integration of Islamic principles and ethics to conventional theories is needed to eliminate the information asymmetries in advertising. Furthermore, conventional theories have no cure to dishonesty like information manipulation whilst Islamic economics derived from the Quran and Hadith offers rewards and punishments for honesty and dishonesty in business transactions. ]]>
Information has enormous influences to maximize the satisfaction of economic agents whereas advertising works as a media to convey information to the market. Informative advertising makes consumers better off while persuasive or uninformative advertising worsens them off. This paper makes a comparison between Islamic and conventional theories of information and advertisements through the Constructionist approach. This paper reveals that, Islamic theories are more effective than the conventional theories, because Islamic economics scrutinizes the market in terms of both positive and normative sight. On the contrary, conventional theories evaluate the market in terms of positive view only and promote contemporary advertisement which uses some unfair means including women, nudity, sexual appeals, and misinformation which further creates serious social, cultural and ethical problems in market. This problem prolongs due to absent of ethics and Islamic principles in conventional business. This article illustrates that, since law is not worth enough to correct the market, so an integration of Islamic principles and ethics to conventional theories is needed to eliminate the information asymmetries in advertising. Furthermore, conventional theories have no cure to dishonesty like information manipulation whilst Islamic economics derived from the Quran and Hadith offers rewards and punishments for honesty and dishonesty in business transactions. ]]> Thu, 05 Mar 2020 07:23:56 GMT /slideshow/economics-of-information-and-advertising-a-comparative-analysis-in-view-of-conventional-and-islamic-economics/229722323 Basharat2020@slideshare.net(Basharat2020) Economics of Information and Advertising: A Comparative Analysis in View of Conventional and Islamic Economics Basharat2020 Information has enormous influences to maximize the satisfaction of economic agents whereas advertising works as a media to convey information to the market. Informative advertising makes consumers better off while persuasive or uninformative advertising worsens them off. This paper makes a comparison between Islamic and conventional theories of information and advertisements through the Constructionist approach. This paper reveals that, Islamic theories are more effective than the conventional theories, because Islamic economics scrutinizes the market in terms of both positive and normative sight. On the contrary, conventional theories evaluate the market in terms of positive view only and promote contemporary advertisement which uses some unfair means including women, nudity, sexual appeals, and misinformation which further creates serious social, cultural and ethical problems in market. This problem prolongs due to absent of ethics and Islamic principles in conventional business. This article illustrates that, since law is not worth enough to correct the market, so an integration of Islamic principles and ethics to conventional theories is needed to eliminate the information asymmetries in advertising. Furthermore, conventional theories have no cure to dishonesty like information manipulation whilst Islamic economics derived from the Quran and Hadith offers rewards and punishments for honesty and dishonesty in business transactions. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/economics-of-advertising1-200305072356-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> Information has enormous influences to maximize the satisfaction of economic agents whereas advertising works as a media to convey information to the market. Informative advertising makes consumers better off while persuasive or uninformative advertising worsens them off. This paper makes a comparison between Islamic and conventional theories of information and advertisements through the Constructionist approach. This paper reveals that, Islamic theories are more effective than the conventional theories, because Islamic economics scrutinizes the market in terms of both positive and normative sight. On the contrary, conventional theories evaluate the market in terms of positive view only and promote contemporary advertisement which uses some unfair means including women, nudity, sexual appeals, and misinformation which further creates serious social, cultural and ethical problems in market. This problem prolongs due to absent of ethics and Islamic principles in conventional business. This article illustrates that, since law is not worth enough to correct the market, so an integration of Islamic principles and ethics to conventional theories is needed to eliminate the information asymmetries in advertising. Furthermore, conventional theories have no cure to dishonesty like information manipulation whilst Islamic economics derived from the Quran and Hadith offers rewards and punishments for honesty and dishonesty in business transactions.
Economics of Information and Advertising: A Comparative Analysis in View of Conventional and Islamic Economics from Basharat Hossain
]]> 22 0 https://cdn.slidesharecdn.com/ss_thumbnails/economics-of-advertising1-200305072356-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Economic Rationalism and Consumption: Islamic Perspective /slideshow/economic-rationalism-and-consumption-islamic-perspective/229722144 economicrationalism-200305072132
This paper presents a comparative view of Islamic economic rationalism and consumption framework to its counterparts conventional capitalist and socialist economic system. In conventional economic system, only self-interest and rationality of the consumer is the main principle to maximize utility whereas moral, religious, national, historical, cultural and social values are absent here. Consequently, the consumers enjoy sovereignty with little or no intervention of regulatory authority to maximize the utility. On the contrary, Islamic economic system designs its rationality and consumption principle in moderation that is far away from extremism where freedom and regulation is moderately recognized. Therefore, Islamic rationality encourages the consumers to maximize his utility by insuring religious, national, historical, cultural and social values. Besides, conventional economics have no treatment to immoral activities of consumer while Islamic economics derived from the Holy Quran and Hadith offers rewards and punishments for moral and immoral activities in worldly and hereafter life.]]>
This paper presents a comparative view of Islamic economic rationalism and consumption framework to its counterparts conventional capitalist and socialist economic system. In conventional economic system, only self-interest and rationality of the consumer is the main principle to maximize utility whereas moral, religious, national, historical, cultural and social values are absent here. Consequently, the consumers enjoy sovereignty with little or no intervention of regulatory authority to maximize the utility. On the contrary, Islamic economic system designs its rationality and consumption principle in moderation that is far away from extremism where freedom and regulation is moderately recognized. Therefore, Islamic rationality encourages the consumers to maximize his utility by insuring religious, national, historical, cultural and social values. Besides, conventional economics have no treatment to immoral activities of consumer while Islamic economics derived from the Holy Quran and Hadith offers rewards and punishments for moral and immoral activities in worldly and hereafter life.]]> Thu, 05 Mar 2020 07:21:32 GMT /slideshow/economic-rationalism-and-consumption-islamic-perspective/229722144 Basharat2020@slideshare.net(Basharat2020) Economic Rationalism and Consumption: Islamic Perspective Basharat2020 This paper presents a comparative view of Islamic economic rationalism and consumption framework to its counterparts conventional capitalist and socialist economic system. In conventional economic system, only self-interest and rationality of the consumer is the main principle to maximize utility whereas moral, religious, national, historical, cultural and social values are absent here. Consequently, the consumers enjoy sovereignty with little or no intervention of regulatory authority to maximize the utility. On the contrary, Islamic economic system designs its rationality and consumption principle in moderation that is far away from extremism where freedom and regulation is moderately recognized. Therefore, Islamic rationality encourages the consumers to maximize his utility by insuring religious, national, historical, cultural and social values. Besides, conventional economics have no treatment to immoral activities of consumer while Islamic economics derived from the Holy Quran and Hadith offers rewards and punishments for moral and immoral activities in worldly and hereafter life. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/economicrationalism-200305072132-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> This paper presents a comparative view of Islamic economic rationalism and consumption framework to its counterparts conventional capitalist and socialist economic system. In conventional economic system, only self-interest and rationality of the consumer is the main principle to maximize utility whereas moral, religious, national, historical, cultural and social values are absent here. Consequently, the consumers enjoy sovereignty with little or no intervention of regulatory authority to maximize the utility. On the contrary, Islamic economic system designs its rationality and consumption principle in moderation that is far away from extremism where freedom and regulation is moderately recognized. Therefore, Islamic rationality encourages the consumers to maximize his utility by insuring religious, national, historical, cultural and social values. Besides, conventional economics have no treatment to immoral activities of consumer while Islamic economics derived from the Holy Quran and Hadith offers rewards and punishments for moral and immoral activities in worldly and hereafter life.
Economic Rationalism and Consumption: Islamic Perspective from Basharat Hossain
]]> 55 0 https://cdn.slidesharecdn.com/ss_thumbnails/economicrationalism-200305072132-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Does Microfinance Matter for Women Borrowers? Recent Findings from Bangladesh /slideshow/does-microfinance-matter-for-women-borrowers-recent-findings-from-bangladesh/229721828 doesmicrofinancematter-200305071806
This paper examines the impact of microfinance on some selected women borrower respondents of Bangladesh, who have been selected through a systematic random survey process. This is a quantitative research based on primary and secondary data. The primary data was collected through a structured questionnaire on sixty women borrowers of the Dhaka City, Bangladesh. This paper finds that microfinance has a highly significant positive impact on the income of these women borrower respondents. Moreover, though microfinance encourages for savings and buying new asset but it has no significant impact on their asset building and savings.Overall, there has been a mixed outcome from this cross-sections data: microfinance has been found as a matter for women borrowers income increasing aspects, whereas not much effective in increasing savings or building up of assets. Finally the paper recommends some steps to increase effectiveness of microfinance on the women borrowers, including expanding training facilities and lower interest rates particularly for women borrowers]]>
This paper examines the impact of microfinance on some selected women borrower respondents of Bangladesh, who have been selected through a systematic random survey process. This is a quantitative research based on primary and secondary data. The primary data was collected through a structured questionnaire on sixty women borrowers of the Dhaka City, Bangladesh. This paper finds that microfinance has a highly significant positive impact on the income of these women borrower respondents. Moreover, though microfinance encourages for savings and buying new asset but it has no significant impact on their asset building and savings.Overall, there has been a mixed outcome from this cross-sections data: microfinance has been found as a matter for women borrowers income increasing aspects, whereas not much effective in increasing savings or building up of assets. Finally the paper recommends some steps to increase effectiveness of microfinance on the women borrowers, including expanding training facilities and lower interest rates particularly for women borrowers]]> Thu, 05 Mar 2020 07:18:06 GMT /slideshow/does-microfinance-matter-for-women-borrowers-recent-findings-from-bangladesh/229721828 Basharat2020@slideshare.net(Basharat2020) Does Microfinance Matter for Women Borrowers? Recent Findings from Bangladesh Basharat2020 This paper examines the impact of microfinance on some selected women borrower respondents of Bangladesh, who have been selected through a systematic random survey process. This is a quantitative research based on primary and secondary data. The primary data was collected through a structured questionnaire on sixty women borrowers of the Dhaka City, Bangladesh. This paper finds that microfinance has a highly significant positive impact on the income of these women borrower respondents. Moreover, though microfinance encourages for savings and buying new asset but it has no significant impact on their asset building and savings.Overall, there has been a mixed outcome from this cross-sections data: microfinance has been found as a matter for women borrowers income increasing aspects, whereas not much effective in increasing savings or building up of assets. Finally the paper recommends some steps to increase effectiveness of microfinance on the women borrowers, including expanding training facilities and lower interest rates particularly for women borrowers <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/doesmicrofinancematter-200305071806-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> This paper examines the impact of microfinance on some selected women borrower respondents of Bangladesh, who have been selected through a systematic random survey process. This is a quantitative research based on primary and secondary data. The primary data was collected through a structured questionnaire on sixty women borrowers of the Dhaka City, Bangladesh. This paper finds that microfinance has a highly significant positive impact on the income of these women borrower respondents. Moreover, though microfinance encourages for savings and buying new asset but it has no significant impact on their asset building and savings.Overall, there has been a mixed outcome from this cross-sections data: microfinance has been found as a matter for women borrowers income increasing aspects, whereas not much effective in increasing savings or building up of assets. Finally the paper recommends some steps to increase effectiveness of microfinance on the women borrowers, including expanding training facilities and lower interest rates particularly for women borrowers
Does Microfinance Matter for Women Borrowers? Recent Findings from Bangladesh from Basharat Hossain
]]> 17 0 https://cdn.slidesharecdn.com/ss_thumbnails/doesmicrofinancematter-200305071806-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Do the Slum Dwellers Enjoy the Basic Constitutional and Economic Rights as a Citizen in Bangladesh /slideshow/do-the-slum-dwellers-enjoy-the-basic-constitutional-and-economic-rights-as-a-citizen-in-bangladesh-225512171/225512171 dotheslumdwellers-200128101516
Bangladesh is a country of about 156million people including nearly 7.81 million of slum people. This paper investigates 28 years data for 1986- 2014 periods on the living standard of slum dwellers of Bangladesh. It presents the different forms of deprivations, sufferings and miseries of slum people from basic needs including social, constitutional and economic rights. More specifically, the wretchedness of slum dwellers in housing, drinking water, sanitation, food intake, healthcare, education, employment, income patterns, social status and security, economic and public assistance has been explored in this paper. In addition, poverty scenario and services of social organization among slum people has been focused in this paper. Finally, it recommends some policies to improve the living conditions of slum dwellers in Bangladesh. Keywords: Slum Dwellers, Standard of Living, Basic Needs, Constitutional and Economic rights, Bangladesh JEL Classification Code: I31, I38, I13, I18, I25, E26, O18, O15, O17]]>
Bangladesh is a country of about 156million people including nearly 7.81 million of slum people. This paper investigates 28 years data for 1986- 2014 periods on the living standard of slum dwellers of Bangladesh. It presents the different forms of deprivations, sufferings and miseries of slum people from basic needs including social, constitutional and economic rights. More specifically, the wretchedness of slum dwellers in housing, drinking water, sanitation, food intake, healthcare, education, employment, income patterns, social status and security, economic and public assistance has been explored in this paper. In addition, poverty scenario and services of social organization among slum people has been focused in this paper. Finally, it recommends some policies to improve the living conditions of slum dwellers in Bangladesh. Keywords: Slum Dwellers, Standard of Living, Basic Needs, Constitutional and Economic rights, Bangladesh JEL Classification Code: I31, I38, I13, I18, I25, E26, O18, O15, O17]]> Tue, 28 Jan 2020 10:15:15 GMT /slideshow/do-the-slum-dwellers-enjoy-the-basic-constitutional-and-economic-rights-as-a-citizen-in-bangladesh-225512171/225512171 Basharat2020@slideshare.net(Basharat2020) Do the Slum Dwellers Enjoy the Basic Constitutional and Economic Rights as a Citizen in Bangladesh Basharat2020 Bangladesh is a country of about 156million people including nearly 7.81 million of slum people. This paper investigates 28 years data for 1986- 2014 periods on the living standard of slum dwellers of Bangladesh. It presents the different forms of deprivations, sufferings and miseries of slum people from basic needs including social, constitutional and economic rights. More specifically, the wretchedness of slum dwellers in housing, drinking water, sanitation, food intake, healthcare, education, employment, income patterns, social status and security, economic and public assistance has been explored in this paper. In addition, poverty scenario and services of social organization among slum people has been focused in this paper. Finally, it recommends some policies to improve the living conditions of slum dwellers in Bangladesh. Keywords: Slum Dwellers, Standard of Living, Basic Needs, Constitutional and Economic rights, Bangladesh JEL Classification Code: I31, I38, I13, I18, I25, E26, O18, O15, O17 <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/dotheslumdwellers-200128101516-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> Bangladesh is a country of about 156million people including nearly 7.81 million of slum people. This paper investigates 28 years data for 1986- 2014 periods on the living standard of slum dwellers of Bangladesh. It presents the different forms of deprivations, sufferings and miseries of slum people from basic needs including social, constitutional and economic rights. More specifically, the wretchedness of slum dwellers in housing, drinking water, sanitation, food intake, healthcare, education, employment, income patterns, social status and security, economic and public assistance has been explored in this paper. In addition, poverty scenario and services of social organization among slum people has been focused in this paper. Finally, it recommends some policies to improve the living conditions of slum dwellers in Bangladesh. Keywords: Slum Dwellers, Standard of Living, Basic Needs, Constitutional and Economic rights, Bangladesh JEL Classification Code: I31, I38, I13, I18, I25, E26, O18, O15, O17
Do the Slum Dwellers Enjoy the Basic Constitutional and Economic Rights as a Citizen in Bangladesh from Basharat Hossain
]]> 16 0 https://cdn.slidesharecdn.com/ss_thumbnails/dotheslumdwellers-200128101516-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Deadweight Loss in the Interest-based and the Interest-Free (Islamic) Microfinance Programs: A Comparative Analysis /slideshow/deadweight-loss-in-the-interestbased-and-the-interestfree-islamic-microfinance-programs-a-comparative-analysis/225481470 deadweightloss-200128081140
This paper illustrates the deadweight loss in the interest-based Microfinance program compared to the interest-free or Islamic Microfinance program in terms of consumer surplus, producer surplus, loan price and the quantity demanded of the Microfinance loan. This article analyzes the secondary data on twenty Microfinance institutions of the nine countries of the world, and world microfinance data. Deadweight loss is demonstrated by using a numerical example and graphical presentation. The findings expose that consumer surplus is at least three times higher, and producer surplus is also higher in the Islamic Microfinance than the interest-based Microfinance program. In contrast the loan price is at least 142%-241% higher in interest-based Microfinance than the Islamic Microfinance. Consequently, the quantity demanded of Microfinance loan is higher in the Islamic Microfinance than the interest-based Microfinance. Finally this paper recommends for converting the interest-based Microfinance institution into the Islamic Microfinance institution to attain the wellbeing of microfinance member. Keywords: Deadweight Loss, Interest-based Microfinance, Interest-free Microfinance, Islamic Microfinance, Consumer and Producer Surplus, Loan price. Jel Codes: G21, I31, Z12]]>
This paper illustrates the deadweight loss in the interest-based Microfinance program compared to the interest-free or Islamic Microfinance program in terms of consumer surplus, producer surplus, loan price and the quantity demanded of the Microfinance loan. This article analyzes the secondary data on twenty Microfinance institutions of the nine countries of the world, and world microfinance data. Deadweight loss is demonstrated by using a numerical example and graphical presentation. The findings expose that consumer surplus is at least three times higher, and producer surplus is also higher in the Islamic Microfinance than the interest-based Microfinance program. In contrast the loan price is at least 142%-241% higher in interest-based Microfinance than the Islamic Microfinance. Consequently, the quantity demanded of Microfinance loan is higher in the Islamic Microfinance than the interest-based Microfinance. Finally this paper recommends for converting the interest-based Microfinance institution into the Islamic Microfinance institution to attain the wellbeing of microfinance member. Keywords: Deadweight Loss, Interest-based Microfinance, Interest-free Microfinance, Islamic Microfinance, Consumer and Producer Surplus, Loan price. Jel Codes: G21, I31, Z12]]> Tue, 28 Jan 2020 08:11:40 GMT /slideshow/deadweight-loss-in-the-interestbased-and-the-interestfree-islamic-microfinance-programs-a-comparative-analysis/225481470 Basharat2020@slideshare.net(Basharat2020) Deadweight Loss in the Interest-based and the Interest-Free (Islamic) Microfinance Programs: A Comparative Analysis Basharat2020 This paper illustrates the deadweight loss in the interest-based Microfinance program compared to the interest-free or Islamic Microfinance program in terms of consumer surplus, producer surplus, loan price and the quantity demanded of the Microfinance loan. This article analyzes the secondary data on twenty Microfinance institutions of the nine countries of the world, and world microfinance data. Deadweight loss is demonstrated by using a numerical example and graphical presentation. The findings expose that consumer surplus is at least three times higher, and producer surplus is also higher in the Islamic Microfinance than the interest-based Microfinance program. In contrast the loan price is at least 142%-241% higher in interest-based Microfinance than the Islamic Microfinance. Consequently, the quantity demanded of Microfinance loan is higher in the Islamic Microfinance than the interest-based Microfinance. Finally this paper recommends for converting the interest-based Microfinance institution into the Islamic Microfinance institution to attain the wellbeing of microfinance member. Keywords: Deadweight Loss, Interest-based Microfinance, Interest-free Microfinance, Islamic Microfinance, Consumer and Producer Surplus, Loan price. Jel Codes: G21, I31, Z12 <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/deadweightloss-200128081140-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> This paper illustrates the deadweight loss in the interest-based Microfinance program compared to the interest-free or Islamic Microfinance program in terms of consumer surplus, producer surplus, loan price and the quantity demanded of the Microfinance loan. This article analyzes the secondary data on twenty Microfinance institutions of the nine countries of the world, and world microfinance data. Deadweight loss is demonstrated by using a numerical example and graphical presentation. The findings expose that consumer surplus is at least three times higher, and producer surplus is also higher in the Islamic Microfinance than the interest-based Microfinance program. In contrast the loan price is at least 142%-241% higher in interest-based Microfinance than the Islamic Microfinance. Consequently, the quantity demanded of Microfinance loan is higher in the Islamic Microfinance than the interest-based Microfinance. Finally this paper recommends for converting the interest-based Microfinance institution into the Islamic Microfinance institution to attain the wellbeing of microfinance member. Keywords: Deadweight Loss, Interest-based Microfinance, Interest-free Microfinance, Islamic Microfinance, Consumer and Producer Surplus, Loan price. Jel Codes: G21, I31, Z12
Deadweight Loss in the Interest-based and the Interest-Free (Islamic) Microfinance Programs: A Comparative Analysis from Basharat Hossain
]]> 28 0 https://cdn.slidesharecdn.com/ss_thumbnails/deadweightloss-200128081140-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Application of Islamic Consumer Theory: An Empirical Analysis in the Context of Bangladesh /slideshow/application-of-islamic-consumer-theory-an-empirical-analysis-in-the-context-of-bangladesh/225480131 applicationofislamicconsumertheoryanempirica-200128080614
Abstract: One of the main goals of economics is to satisfy the wants of consumer. Like as conventional economics, Islamic economics has also its own law of consumption which is superior to that of conventional economics. This paper presents an empirical survey report on the application of Islamic consumer theory in Bangladesh.The survey is conducted on 184 graduate students of economics from university of Dhaka, Bangladesh. Besides, the consumption framework of Islamic economics has been discussed in this paper. The research finds that, the majority percent of respondents consider Halal (lawful), Haram (unlawful), economic disadvantages of other consumers, scope of reward and punishment in hereafter life (life after death) in their consumptions and other economic activities. The report explores that, though the wants is unlimited, the respondents are capable to control their wants and choose moderate and simple standard of living. In addition, they mentioned that, the use of interest is not essential to run economic activities and interest free economy is possible. It is found that, a large proportion of the respondents did not study Islamic economics due to unavailability of the reading materials in spite of having their interest while half of the respondents read it. Finally, the opinion is found that, religious and ethical instruments (Zakat, donation, hereafter life etc.) should be included in the syllabus of modern economics in school, college and university level. The findings satisfy the assumptions of Islamic consumption framework. Finally, it presents the problems, prospects and recommendations to apply the Islamic consumer theory in Bangladesh. Keywords: Islamic Consumer Theory, Islamic economics, Consumption, Bangladesh]]>
Abstract: One of the main goals of economics is to satisfy the wants of consumer. Like as conventional economics, Islamic economics has also its own law of consumption which is superior to that of conventional economics. This paper presents an empirical survey report on the application of Islamic consumer theory in Bangladesh.The survey is conducted on 184 graduate students of economics from university of Dhaka, Bangladesh. Besides, the consumption framework of Islamic economics has been discussed in this paper. The research finds that, the majority percent of respondents consider Halal (lawful), Haram (unlawful), economic disadvantages of other consumers, scope of reward and punishment in hereafter life (life after death) in their consumptions and other economic activities. The report explores that, though the wants is unlimited, the respondents are capable to control their wants and choose moderate and simple standard of living. In addition, they mentioned that, the use of interest is not essential to run economic activities and interest free economy is possible. It is found that, a large proportion of the respondents did not study Islamic economics due to unavailability of the reading materials in spite of having their interest while half of the respondents read it. Finally, the opinion is found that, religious and ethical instruments (Zakat, donation, hereafter life etc.) should be included in the syllabus of modern economics in school, college and university level. The findings satisfy the assumptions of Islamic consumption framework. Finally, it presents the problems, prospects and recommendations to apply the Islamic consumer theory in Bangladesh. Keywords: Islamic Consumer Theory, Islamic economics, Consumption, Bangladesh]]> Tue, 28 Jan 2020 08:06:14 GMT /slideshow/application-of-islamic-consumer-theory-an-empirical-analysis-in-the-context-of-bangladesh/225480131 Basharat2020@slideshare.net(Basharat2020) Application of Islamic Consumer Theory: An Empirical Analysis in the Context of Bangladesh Basharat2020 Abstract: One of the main goals of economics is to satisfy the wants of consumer. Like as conventional economics, Islamic economics has also its own law of consumption which is superior to that of conventional economics. This paper presents an empirical survey report on the application of Islamic consumer theory in Bangladesh.The survey is conducted on 184 graduate students of economics from university of Dhaka, Bangladesh. Besides, the consumption framework of Islamic economics has been discussed in this paper. The research finds that, the majority percent of respondents consider Halal (lawful), Haram (unlawful), economic disadvantages of other consumers, scope of reward and punishment in hereafter life (life after death) in their consumptions and other economic activities. The report explores that, though the wants is unlimited, the respondents are capable to control their wants and choose moderate and simple standard of living. In addition, they mentioned that, the use of interest is not essential to run economic activities and interest free economy is possible. It is found that, a large proportion of the respondents did not study Islamic economics due to unavailability of the reading materials in spite of having their interest while half of the respondents read it. Finally, the opinion is found that, religious and ethical instruments (Zakat, donation, hereafter life etc.) should be included in the syllabus of modern economics in school, college and university level. The findings satisfy the assumptions of Islamic consumption framework. Finally, it presents the problems, prospects and recommendations to apply the Islamic consumer theory in Bangladesh. Keywords: Islamic Consumer Theory, Islamic economics, Consumption, Bangladesh <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/applicationofislamicconsumertheoryanempirica-200128080614-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> Abstract: One of the main goals of economics is to satisfy the wants of consumer. Like as conventional economics, Islamic economics has also its own law of consumption which is superior to that of conventional economics. This paper presents an empirical survey report on the application of Islamic consumer theory in Bangladesh.The survey is conducted on 184 graduate students of economics from university of Dhaka, Bangladesh. Besides, the consumption framework of Islamic economics has been discussed in this paper. The research finds that, the majority percent of respondents consider Halal (lawful), Haram (unlawful), economic disadvantages of other consumers, scope of reward and punishment in hereafter life (life after death) in their consumptions and other economic activities. The report explores that, though the wants is unlimited, the respondents are capable to control their wants and choose moderate and simple standard of living. In addition, they mentioned that, the use of interest is not essential to run economic activities and interest free economy is possible. It is found that, a large proportion of the respondents did not study Islamic economics due to unavailability of the reading materials in spite of having their interest while half of the respondents read it. Finally, the opinion is found that, religious and ethical instruments (Zakat, donation, hereafter life etc.) should be included in the syllabus of modern economics in school, college and university level. The findings satisfy the assumptions of Islamic consumption framework. Finally, it presents the problems, prospects and recommendations to apply the Islamic consumer theory in Bangladesh. Keywords: Islamic Consumer Theory, Islamic economics, Consumption, Bangladesh
Application of Islamic Consumer Theory: An Empirical Analysis in the Context of Bangladesh from Basharat Hossain
]]> 151 0 https://cdn.slidesharecdn.com/ss_thumbnails/applicationofislamicconsumertheoryanempirica-200128080614-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 https://cdn.slidesharecdn.com/profile-photo-Basharat2020-48x48.jpg?cb=1587808287 Assistant Professor of Economic, Department of Business Administration, international Islamic University Chittagong Bangladesh www.iiuc.ac.bd https://cdn.slidesharecdn.com/ss_thumbnails/potentialunexploredtourismandeconomicgrowthofbangladesh694179-982065-200305100912-thumbnail.jpg?width=320&height=320&fit=bounds slideshow/potential-unexplored-tourism-and-economic-growth-of-bangladesh694179-982065/229733150 Potential unexplored ... https://cdn.slidesharecdn.com/ss_thumbnails/theproliferationoftheurban-200305100033-thumbnail.jpg?width=320&height=320&fit=bounds slideshow/the-proliferation-of-the-urban-microfinance-and-its-problems-and-prospects-in-bangladesh/229732873 The proliferation of t... https://cdn.slidesharecdn.com/ss_thumbnails/povertyreduction-200305095621-thumbnail.jpg?width=320&height=320&fit=bounds slideshow/poverty-reduction-during-19712013-periods-success-and-its-recent-trends-in-bangladesh/229732725 Poverty Reduction duri...