Uhomoibhi Toni Aburime, Felix C. Alio
Abstract
Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (Shariah) principles and guided by Islamic economics. The broad aim of this article is to highlight the growing concept of Islamic banking in Nigeria, as well as draw some useful insights into its emergence.
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Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (Shariah) principles and guided by Islamic economics. The broad aim of this article is to highlight the growing concept of Islamic banking in Nigeria, as well as draw some useful insights into its emergence.
Key concepts: Islamic banking, Islam, Islamic economics, Business, Classical economics, Financial system, Accounting, Economics