The influence of Agro Bank Shari'ah compliance financing in stimulating agricultural development in Malaysia: a lesson for Nigeria
The influence of Malaysian financial industry in stimulating economic development and agricultural development, in particular, cannot be under-estimated. Nowadays, the realization of agricultural development is one of the major targets of numerous nations around the globe. The major objective of t...
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| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/26654/1/ZAWED%202019%20180%20197.pdf http://repo.uum.edu.my/26654/ |
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| Summary: | The influence of Malaysian financial industry in stimulating economic development and agricultural development, in particular, cannot be under-estimated. Nowadays, the realization
of agricultural development is one of the major targets of numerous nations around the globe.
The major objective of this study is to explore the influence of Islamic finance in promoting
agricultural development in Malaysia with a particular focus on the influence of agro bank
Shari’ah approach and derived lessons for Nigeria. The methodology employed for the study
is the qualitative approach. The instrument used for gathering the data is the use of documents
throughout the study. The authors concentrate on both public materials (such as journals, and
textbooks, etc.) and online sources such as official annual reports by the BNM (Malaysia
financial sector report), Agro Bank annual reports, etc. The available documents were
synthesized according to the demand of this excerpt. This study found evidence that; agro
bank Shari’ah archetype has a significant influence on agricultural development in Malaysia.
The study recommends that more initiatives and broadening the use of relevant Islamic
financing contracts should be available to support the accomplishment of agricultural
development in Malaysia, this is an addition to heavily relying on few products such as BBA
mode of financing. The data further shows that Nigeria can learn several ideas from the
Malaysian efforts for agricultural development in Nigeria. |
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