Shari’ah-Compliant Trading: An Assessment of Current Practices in Nigeria
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 5
Abstract
Despite the fact that Nigeria has a Muslim majority population, the shari’ah compliance of trading activities in the country do not seem to be carried along with the Islamic economic development reached at globally. This paper is set out to provide a review of the current situation using a conceptual approach, in order to highlight on the current level of development and pave the way for further studies on developing the economy towards complying with the shari’ah in the trading activities conducted in the country. Major findings of the paper are that some irregularities in regards with the shari’ah compliance do occur in most of the trading centers in the country which need to be addressed, while more Islamic banks and financial institutions should be established and more regulations and regulatory bodies have to be constituted to accomplish the conduction of trading in accordance with the shari’ah.
Authors and Affiliations
Baba Uba Ibrahim, Ahmad Azrin Adnan
Keywords
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- EP ID EP562758
- DOI 10.6007/IJARBSS/v8-i5/4218
- Views 73
- Downloads 0
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