ORCID Profile
0000-0002-9748-5862
Current Organisation
BRAC University
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Publisher: Wiley
Date: 02-09-2020
DOI: 10.1002/PA.2364
Abstract: External Sharī‘ah Audit (ESA) is a control mechanism meant for formulating an objective view by an independent Sharī‘ah audit team about the obligation of Islamic banks' (IBs) management, personnel and other isions towards Sharī‘ah compliance. This study principally aims to examine the relevancy of ESA and review committee in enhancing the level of Sharī‘ah compliance quality and accountability of IBs in Bangladesh. The study examines data from 17 respondents obtained via semi‐structured interviews and secondary sources in library. This study establishes that Sharī‘ah officers of IBs in Bangladesh are unable to perform audit functions properly which indicates the limitations of current Sharī‘ah audit functions. The study discovers the need for an independent ESA for proper auditing of IBs' operations in Bangladesh with a view to Sharī‘ah compliance. Thus, an ESA and review committee is imperative to enhance the quality of Sharī‘ah compliance and ensure accountability of all isions within IBs. This audit is to be provided either by Bangladesh Bank (BB), the central bank of the country or a third party such as Islamic chartered accountants' firms or Sharī‘ah audit firms. The study would contribute to existing literature on the importance of ESA and its conditions in Bangladesh. The study also provides some instructions for global Islamic banking practice on the issues examined. The study contributes to agency, stakeholder and legitimacy theory via highlighting the inability of Sharī‘ah auditors to perform their function independently and efficiently.
Publisher: Emerald
Date: 07-05-2021
DOI: 10.1108/IJSSP-02-2021-0046
Abstract: This study intends to explore the impact of occupation and income on informal migrants in the face of COVID-19 induced lockdown in Bangladesh and their coping strategies to survive the pandemic situation. The study adopted a qualitative research design in which four urban areas were chosen purposively from various parts of Dhaka city. The authors conducted 21 semi-structured in-depth interviews, four FGDs and eight months over participant observation for achieving study objectives. The four stages of data analysis used a thematic approach in the interpretive phenomenological analysis. The results showed that respondents were massively affected due to loss of income and occupation in the period of induced lockdown. Besides, most people lost their earning sources entirely in this amid pandemic which bound them starvation in the mealtime along with several dynamic complications. The findings also revealed that they followed some surviving strategies such as taking loans, reducing expenses, consuming less food, selling land, jewelry, and goods, relatives and neighbor support, and government relief. Although these strategies somewhat supported them to struggle with the situation, their livelihood features became fragile immensely. The findings will be an important guiding principle for the policymakers, aid organizations and development practitioners to prepare development policies for vulnerable informal migrants in developing countries like Bangladesh. This is the first study that explores the informal migrants’ occupation and income during COVID-19 induced lockdown in Bangladesh. This research also highlights coping strategies of the informal migrants to survive the pandemic situation.
Publisher: International Centre for Education in Islamic Finance
Date: 04-01-2022
DOI: 10.1108/IJIF-03-2021-0046
Abstract: Sharīʿah Secretariat plays a significant role in assisting Sharīʿah Supervisory Boards (SSBs) in their role in achieving Sharīʿah compliance in Islamic banks (IBs). The key objective of the study is to develop a organizational framework of the Sharīʿah Secretariat for the IBs in Bangladesh. The study applied qualitative case study research. The data have been collected from 17 respondents through semi-structured interviews from IBs and professional experts in Bangladesh. This study proposes a full-time Sharīʿah Secretariat and several departments for further enhancement of the Sharīʿah functions in IBs in Bangladesh. The framework proposed in this study covers the formation, functions, composition, qualification, reporting line, independence, remuneration and terms of appointment of the Sharīʿah Secretariat to set a uniform benchmark for all IBs in Bangladesh. It is anticipated that the outcomes of this research will assist to further strengthen the Sharīʿah governance of IBs in Bangladesh. This research contributed to the national and global regulatory authorities and IBs by proposing a Sharīʿah Secretariat framework for the smooth functioning of the IBs in Bangladesh. The framework proposed in this study covers the formation, functions, composition, qualification, reporting line, independence, remuneration and terms of appointment of Sharīʿah Secretariat. This study proposed a framework which is considered the first organizational framework so far for the Sharīʿah Secretariat of IBs in Bangladesh. IBs can apply this proposed framework to form their Sharīʿah Secretariat structure.
No related grants have been discovered for Md. Kausar Alam.