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Islamic Capital Market

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Islamic Capital Market
I. Introduction:

The development of a modern society depends to a large extent on the nature and standard of higher education. Thus the role of higher education is to prepare competent, knowledgeable and far-sighted people for assuming various higher responsibilities. The growing importance of knowledge in the modern world can hardly be overemphasized, especially in the era of globalization and in a global environment which is fiercely competitive. Particularly, higher education has enormous potential to promote prosperity in the developing nations (UGC: 2006). In Bangladesh there was a time when higher education used to be considered a luxury in a society of mass illiteracy. However, towards the turn of the last century the need for highly skilled manpower started to be acutely felt every sphere of the society for self-sustained development and poverty alleviation. Highly trained manpower not only 294 Pakistan Journal of Social Sciences Vol. 30, No. 2 contributes towards human resource development of a society through supplying teachers, instructors, researchers and scholars in the feeder institutions like schools, colleges, technical institutes and universities. They are also instrumental in bringing about technological revolution in the field of agriculture, industry, business and commerce, medicine, engineering, transport and communication etc (UGC: 2005) Institutions which are grouped together to comprise the higher education sector vary from country to country. In the case of Bangladesh, higher education, also called the tertiary level education is generally used to comprehend the entire range and dynamics of post higher secondary education. This article is an attempt to address the problems and issues haunting the universities of Bangladesh and to explore the areas for father enhancement of these universities.

2. Practical aspect of education management in Bangladesh:

Education system

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