The Development of Islamic Banking and Finance in Nigeria: Challenges for Jigawa State
: In the recent years Islamic banking and financial industry received an increased global attention with tremendous proliferation not only among Muslims but also amongst non-Muslim communities. Despite the fact that Jigawa State of Nigeria is dominated by a Muslim population that supposed to be c...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
2018
|
| Subjects: | |
| Online Access: | http://eprints.unisza.edu.my/6938/1/FH02-FESP-18-13386.pdf http://eprints.unisza.edu.my/6938/ |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | : In the recent years Islamic banking and financial industry received an
increased global attention with tremendous proliferation not only among Muslims but
also amongst non-Muslim communities. Despite the fact that Jigawa State of Nigeria
is dominated by a Muslim population that supposed to be conducting their financial
transactions in compliance with the shari’ah, as achieved in most Islamic countries
and others globally, unfortunately Islamic banking and financial institutions are yet to
be established in the state. This paper aims to highlight on the challenges of Islamic
banking and finance products in Nigeria, particularly Jigawa State, using the content
analysis method. The major findings are that so many challenges towards establishing
Islamic banking and financial institutions exist in the state and there is need to strive
harder to overcome the challenges at the state level and nationally. Recommendations
were offered on how to move forward and enhance the situation |
|---|