Staff View: Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum

Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum

Inclusivity in access to finance is a global concern and a key enabler of the prime Sustainable Development Goals (SDGs). This study focuses on appraising Islamic equity financing as an essential vehicle for a deepened and effective financial inclusion in Nigeria. The study relies on primary and sec...

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Main Authors:	Akosile, Tesleem Olajuwon Isa, Mohd. Zain, Nor Razinah, Engku Ali, Engku Rabiah Adawiah, Kassim, Salina
Format:	Conference or Workshop Item
Language:	English English English
Published:	2022
Subjects:	BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh H Social Sciences (General) K Law (General)
Online Access:	http://irep.iium.edu.my/102968/1/AICIF%202022%20NO.%20157%20333-023.pdf http://irep.iium.edu.my/102968/9/102968_Islamic%20Equity%20Financing%20As%20A%20Financial%20Inclusion%20Enabler_Nigeria%20in%20Spectrum.pdf http://irep.iium.edu.my/102968/10/102968_Islamic%20equity%20financing%20as%20a%20financial%20inclusion%20enabler_Abstract%20Book.pdf http://irep.iium.edu.my/102968/ https://conference.iium.edu.my/aicif/
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spelling	my.iium.irep.1029682023-01-10T08:08:24Z http://irep.iium.edu.my/102968/ Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum Akosile, Tesleem Olajuwon Isa Mohd. Zain, Nor Razinah Engku Ali, Engku Rabiah Adawiah Kassim, Salina BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh H Social Sciences (General) K Law (General) Inclusivity in access to finance is a global concern and a key enabler of the prime Sustainable Development Goals (SDGs). This study focuses on appraising Islamic equity financing as an essential vehicle for a deepened and effective financial inclusion in Nigeria. The study relies on primary and secondary data sourced from surveys, interviews, official publications, working papers, articles, e-books, websites, and online resources in furtherance of its objectives. Through the adoption of qualitative analysis, content analysis is used to define the status of financial inclusion in Nigeria. This study finds that the value proposition of Islamic equity financing aligns with the objectives of the Nigerian authorities to engender financial inclusion, and that the challenges debarring the adoption of Islamic equity financing as a financial inclusion enabler were already being mitigated. Consequently, the study recommends that Islamic Banks in Nigeria increase their sectoral allocations for Islamic equity financing contracts in their financial asset creation. Further, the Central Bank of Nigeria (CBN), being the key regulator of Nigeria’s financial industry, is enjoined to evolve strategies that will see to the expansion of the country’s financial inclusion drive through Islamic equity financing and contracts. 2022-12-08 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/102968/1/AICIF%202022%20NO.%20157%20333-023.pdf application/pdf en http://irep.iium.edu.my/102968/9/102968_Islamic%20Equity%20Financing%20As%20A%20Financial%20Inclusion%20Enabler_Nigeria%20in%20Spectrum.pdf application/pdf en http://irep.iium.edu.my/102968/10/102968_Islamic%20equity%20financing%20as%20a%20financial%20inclusion%20enabler_Abstract%20Book.pdf Akosile, Tesleem Olajuwon Isa and Mohd. Zain, Nor Razinah and Engku Ali, Engku Rabiah Adawiah and Kassim, Salina (2022) Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum. In: 10th ASEAN International Conference on Islamic Finance 2022 (AICIF-10): The Role of Islamic Banking and Islamic Social Finance for Economic Sustainability, 6th to 8th December 2022, Double Tree by Hilton Kuala Lumpur, Malaysia. (Unpublished) https://conference.iium.edu.my/aicif/
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
language	English English English
topic	BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh H Social Sciences (General) K Law (General)
spellingShingle	BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh H Social Sciences (General) K Law (General) Akosile, Tesleem Olajuwon Isa Mohd. Zain, Nor Razinah Engku Ali, Engku Rabiah Adawiah Kassim, Salina Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum
description	Inclusivity in access to finance is a global concern and a key enabler of the prime Sustainable Development Goals (SDGs). This study focuses on appraising Islamic equity financing as an essential vehicle for a deepened and effective financial inclusion in Nigeria. The study relies on primary and secondary data sourced from surveys, interviews, official publications, working papers, articles, e-books, websites, and online resources in furtherance of its objectives. Through the adoption of qualitative analysis, content analysis is used to define the status of financial inclusion in Nigeria. This study finds that the value proposition of Islamic equity financing aligns with the objectives of the Nigerian authorities to engender financial inclusion, and that the challenges debarring the adoption of Islamic equity financing as a financial inclusion enabler were already being mitigated. Consequently, the study recommends that Islamic Banks in Nigeria increase their sectoral allocations for Islamic equity financing contracts in their financial asset creation. Further, the Central Bank of Nigeria (CBN), being the key regulator of Nigeria’s financial industry, is enjoined to evolve strategies that will see to the expansion of the country’s financial inclusion drive through Islamic equity financing and contracts.
format	Conference or Workshop Item
author	Akosile, Tesleem Olajuwon Isa Mohd. Zain, Nor Razinah Engku Ali, Engku Rabiah Adawiah Kassim, Salina
author_facet	Akosile, Tesleem Olajuwon Isa Mohd. Zain, Nor Razinah Engku Ali, Engku Rabiah Adawiah Kassim, Salina
author_sort	Akosile, Tesleem Olajuwon Isa
title	Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum
title_short	Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum
title_full	Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum
title_fullStr	Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum
title_full_unstemmed	Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum
title_sort	islamic equity financing as a financial inclusion enabler: nigeria in spectrum
publishDate	2022
url	http://irep.iium.edu.my/102968/1/AICIF%202022%20NO.%20157%20333-023.pdf http://irep.iium.edu.my/102968/9/102968_Islamic%20Equity%20Financing%20As%20A%20Financial%20Inclusion%20Enabler_Nigeria%20in%20Spectrum.pdf http://irep.iium.edu.my/102968/10/102968_Islamic%20equity%20financing%20as%20a%20financial%20inclusion%20enabler_Abstract%20Book.pdf http://irep.iium.edu.my/102968/ https://conference.iium.edu.my/aicif/
_version_	1755872127574081536
score	13.211869

Islamic equity financing as a financial inclusion enabler: Nigeria in spectrum

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