Nigeria's financial landscape is experiencing a significant and transformative shift through the emergence and expansion of non-interest financial institutions and instruments.

Islamic finance refers to a profit and loss sharing economic policy based on Islamic commercial jurisprudence promoting ethical and social responsibility.

The new CBN Agency Banking Regulations represent a major regulatory development that warrants more than just an investor update.

It is surely a good idea to explore how the sprit inherent in the "moral economy" of Islam could enable a just and ethical approach towards the management of systematic risk

Islamic financing has gained ground in Nigeria in recent times. Further to this, Islamic finance institutions are being set up and the government at both state and federal levels have issued sukuk bonds.

Islamic finance is a financial system that is based on adherence to the Sharia or Islamic law.

Growing economies, rely a great deal on debt financing. This type of financing, allows businesses or governments, to receive capital for an ascertainable length of time, following which it must be paid back.

Over the past decade, Islamic Finance has become a burning and topical issue around the world (Europe, Middle East and Asia) and has most recently reached Nigeria...

Growing economies, rely a great deal on debt financing.

Modern banking as we know it, has been around for a very long time. It started with prototype banks (merchants) that gave grain loans to farmers; and traders who sold goods between cities around 2000 BC in Assyria, India, and Sumeria.

Nigeria, home to the largest Muslim population in Africa, with Muslims comprising 53% of its total population, presents a compelling landscape for the growth of Islamic Finance.