Alternative Delivery Channels of Islami Bank Bangladesh Limited : Usage, Challenges and Prospects

Ruhul Amin

doi:10.12816/0051169

Article Details

Alternative Delivery Channels of Islami Bank Bangladesh Limited : Usage, Challenges and Prospects

Authors:

Ruhul Amin

Publisher:

Islami Bank Training and Research Academy

Main Topics:

Islam, Bábism & Bahá"í Faith

Journal:

Journal of Islamic Economics, Banking and Finance 2018 Vol.14 Issue 1, pp.83-101

Document Type:

Article

Publication Date:

3/2018

Document Language:

English

Document ID (Org No.):

128764

Frequency:

Quarterly

pISSN:

20704658

DOI:

10.12816/0051169

Descriptors:

Keywords:

Abstract:

 Branchless access point to the banking institutions, one of the financialservice providers, is known as Alternative Delivery Channel. This paperaims at examining usage, challenges, and prospects of ADC products ofIslami Bank Bangladesh Limited. Data were collected from secondarysources only as annual reports, published articles, conference papers,books, and banking websites. According to this study, diffusion rate ofADC products as Online Banking, ATM Card, SMS Banking, Internet-Banking, Mobile-Cash, Electronic Fund Transfer, and Real Time GrossSettlement of IBBL is on growing. The findings also show that huge riskand insecurity as network failure, money laundering, and terroristfinancing are involved in automated banking system. The concludingremarks show that compliance of ICT rules and regulations, notdepending on single switch to transact data, introducing chip cardinstead of magnetic stripe, adopting EMV and encryption techniques,skilled IT committee, availability of internet bandwidth will help thebanks to confront these risks and challenges successfully.

Article Details

Alternative Delivery Channels of Islami Bank Bangladesh Limited : Usage, Challenges and Prospects

Authors:

Ruhul Amin

Publisher:

Islami Bank Training and Research Academy

Main Topics:

Islam, Bábism & Bahá"í Faith

Journal:

Journal of Islamic Economics, Banking and Finance 2018 Vol.14 Issue 1, pp.83-101

Document Type:

Article

Publication Date:

3/2018

Document Language:

English

Document ID (Org No.):

128764

Frequency:

Quarterly

pISSN:

20704658

DOI:

10.12816/0051169

Descriptors:

ISLAMIC BANKING

ISLAMIC BANKS

FINANCIAL INSTITUTIONS

ISLAMIC LAW

ECONOMIC ASPECTS

BANGLADESH

Alternative Delivery Channel (ADC)

Bangladesh

Challenges

Diffusion

IBBL and Prospects

Issues

Article Details

Authors: Ruhul Amin

Publisher: Islami Bank Training and Research Academy

Main Topics: Islam, Bábism & Bahá"í Faith

Journal: Journal of Islamic Economics, Banking and Finance 2018 Vol.14 Issue 1, pp.83-101

Document Type: Article

Publication Date: 3/2018

Document Language: English

Document ID (Org No.): 128764

Frequency: Quarterly

pISSN: 20704658

DOI: 10.12816/0051169

Descriptors:

Issues

Authors:

Ruhul Amin

Publisher:

Islami Bank Training and Research Academy

Main Topics:

Islam, Bábism & Bahá"í Faith

Journal:

Journal of Islamic Economics, Banking and Finance 2018 Vol.14 Issue 1, pp.83-101

Document Type:

Article

Publication Date:

3/2018

Document Language:

English

Document ID (Org No.):

128764

Frequency:

Quarterly

pISSN:

20704658

DOI:

10.12816/0051169