Bilingual Dictionary Induction (BDI) presents significant challenges in distant language pairs, particularly in light of the non-isomorphic nature and complexity of linguistic structures. This paper systematically evaluates the performance of unsupervised, supervised fine-tuning, and few-shot prompting approaches on BDI using Large Language Models (LLMs) on a diverse set of distant language pairs. The unsupervised approach explores the inherent multilingual capabilities of LLMs without fine-tuning, while the supervised fine-tuning method utilizes extensive labeled datasets to train models explicitly for BDI tasks. On the other hand, few-shot prompting leverages minimal examples to elicit accurate responses from the LLMs in a zero-shot or few-shot learning paradigm. Our experimental results reveal that the 5-shot prompting approach outperforms unsupervised and zero-shot settings in all cases and surpasses supervised settings in 82.86% of the cases. Few-shot prompting demonstrates robustness against overfitting, leveraging LLMs’ in-context learning and multilingual capabilities, making it particularly effective in target-to-source translation, even for morphologically complex language pairs. At the same time, few-shot prompting in LLM models, such as Llama, remains ineffective for morphologically rich language pairs like En-Mn and En-Ta in source-to-target BDI tasks. These findings suggest that few-shot prompting is a cost-effective and powerful alternative for BDI tasks, with future work enhancing BDI tasks in morphologically rich pairs.