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Economy of Islamic Fundamentalism in Bangladesh

Islamic fundamentalist bloc is a reality in Bangladesh and hanging Jamaat bigwigs may not be enough to wipe it out.

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Bangladesh is now at the crossroads.

The war crimes tribunals, set up to punish those who had committed crimes against humanity during Bangladesh’s liberation war of 1971, have already sent to gallows three leading lights of the Jamaat-e-Islami (JeI) – Abdul Quader Mollah, Mohammed Qamruzzaman and Ali Ahsan Mujahid, while death penalties have been awarded to Motiur Rahman Nizami, the chief of the JeI in Bangladesh. However, the Jamaat’s enormous financial clout has created a dangerous situation for the Awami League-led government.

While the election commission barred the Jamaat from the polls on Bangladesh Supreme Court orders in 2013, several front-ranking Awami League leaders are now demanding its outright ban. But Jamaat has so much financial clout that any attempt to uproot it altogether at this moment may lead to social unrest.

Jamaat-e-Islami’s Spread

According to Abul Barkat, a professor of economics at the Dhaka University, the Jamaat-e-Islami has created a ‘state within a state’ and an ‘economy within an economy’ in Bangladesh. Barkat’s study paints a frightening picture. The JeI is now almost everywhere in Bangladeshi society like large financial institutions, household-level micro-credit organisations, madrasas, mass media, information technology, big trading houses and non governmental organisations.

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