Authors :
Rahma, Fatima; Elshami, Omer M. Eltom; Mohamed, Elwasila Mukhtar; Elgilany A. Ahmed
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/y3dtrzfb
Scribd :
https://tinyurl.com/2ss5wkam
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAR443
Abstract :
This paper aimed to assess the role of
specialized state-owned development banks in Sudan in
promoting, developing and acquisition of agricultural
technology. The study stressed its role exemplified by the
Agricultural bank of Sudan(ABS) as a development bank
and how to tackle commercial issues. The main focus of
the study is to study the means and modes adopted by the
specialized bank and its role in developing the
agricultural sector. Primary and secondary data were
collected from the Agricultural Bank of Sudan by
structured questionnaire. Targeted random sampling
were followed to cover about 59 bank employees (main
branch/ headquarter). Statistical Analysis and chi-square
test were done using the Statistical Analysis Program
(SAS) Program. The results showed Murabahah which is
an Islamic and a trade-based mode was dominant. The
study revealed that the bank should compromise its role
commercially and developmentally in financing
agricultural technologies. It should adopt reliable
innovative modes to help farmers achieving high levels of
technology in agricultural production. Musharakah
which is a form of partnership and an Islamic mode of
finance is not widely used. It is a participatory approach
in which both partners participate in the management
and provision of capital and also share in the profit and
loss. The study recommended Musharakah as the most
appropriate mode to develop agricultural technologies in
the sector.
Keywords :
Specialized Bank, ABS, Murabahah, Musharakah, Partnership.
This paper aimed to assess the role of
specialized state-owned development banks in Sudan in
promoting, developing and acquisition of agricultural
technology. The study stressed its role exemplified by the
Agricultural bank of Sudan(ABS) as a development bank
and how to tackle commercial issues. The main focus of
the study is to study the means and modes adopted by the
specialized bank and its role in developing the
agricultural sector. Primary and secondary data were
collected from the Agricultural Bank of Sudan by
structured questionnaire. Targeted random sampling
were followed to cover about 59 bank employees (main
branch/ headquarter). Statistical Analysis and chi-square
test were done using the Statistical Analysis Program
(SAS) Program. The results showed Murabahah which is
an Islamic and a trade-based mode was dominant. The
study revealed that the bank should compromise its role
commercially and developmentally in financing
agricultural technologies. It should adopt reliable
innovative modes to help farmers achieving high levels of
technology in agricultural production. Musharakah
which is a form of partnership and an Islamic mode of
finance is not widely used. It is a participatory approach
in which both partners participate in the management
and provision of capital and also share in the profit and
loss. The study recommended Musharakah as the most
appropriate mode to develop agricultural technologies in
the sector.
Keywords :
Specialized Bank, ABS, Murabahah, Musharakah, Partnership.
