The Dhaka Mercantile Co-operative Bank Limited: a case of Islamic Shari'ah banking in Bangladesh

Abstract

A recent subject of interest in the ever-growing banking sector has been the dominating presence of cooperatives as organisations that can foster socioeconomic development and reduce poverty across developing countries. This paper investigates the role of cooperatives in rural areas, wherein they embrace the function of a bank in order to enhance the financial stability of capital-deprived people of a country. The paper particularly focuses on the Islamic Shari'ah concept of the Dhaka Mercantile Cooperative Bank Limited (DMCBL). In view of this practice of Islamic banking, this bank plays an influential role in the reduction of banking exclusion and reduction of the economic ability of millions of people in Bangladesh. Highlights of the paper are mostly stressed on two aspects of the cooperative bank-their diversity and success on one hand and setbacks and challenges on the other hand., she has been teaching introductory courses of Financial Accounting, Managerial Accounting and Cost Accounting at the undergraduate level. Her current research interests include technology acceptance models, accounting policies, financial statement analysis and decision-making, banking strategies, capital market, and empirical research methods in finance and country specific studies.