Potentials and challenges of implementing Islamic wealth management in Jigawa State, Nigeria
Islamic Wealth Management is being recognized worldwide, adopted by Muslims and even some non-Muslims globally. Nevertheless, Jigawa State seems to be outdistanced in this regard, despite the fact that it is a Muslim dominated society. Hence, the paper aims at pointing out the potentials for such...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://eprints.unisza.edu.my/6723/1/FH02-FPP-20-40266.pdf http://eprints.unisza.edu.my/6723/ |
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| Summary: | Islamic Wealth Management is being recognized worldwide, adopted by Muslims and
even some non-Muslims globally. Nevertheless, Jigawa State seems to be outdistanced in this
regard, despite the fact that it is a Muslim dominated society. Hence, the paper aims at pointing
out the potentials for such a Muslim community to strive in actualizing, formalizing and
implementing the system in their economic activities and proposing on overcoming the
challenges thereof. The study adopts a qualitative approach using a descriptive survey design
and document analysis method to analyze relevant literature and identify the challenges of the
implementation in Jigawa State, Nigeria. The study found out that there are a lot of challenges
which need to be tackled with public awareness on the importance and benefits of the system
and the religious obedience in the practice and also the actualization of proper and relevant
regulations and regulatory bodies in compliance with the Shari’ah. The study recommends that
authorities ought to endeavor to address the national administrative difficulties. Also the open
doors flourish for the development and advancement of Islamic wealth management in Jigawa
State, Nigeria should be emphasized. |
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