SUSTAINABLE ISLAMIC BANKING: A CONCEPTUAL FRAMEWORK FOR NON-INTEREST BANKS IN NIGERIA
This research proposes the use of structure, functions, capacities, IslamicÂ moral economic mode, banking business and accountability as consolidatedÂ framework for Islamic banking sustainability in Nigeria. The studyÂ introduces the framework and assesses its suitability in Nigeria usingÂ content analysis of thematic coding units. Qualitative analyses of the sixÂ documents were carried out in the research, out of which five of them wereÂ issued by the Central Bank of Nigeria (CBN) and the Nigeria DepositÂ Insurance Corporation (NDIC) drafted the remainder document. The paper
also uses exhortations from the noble QurÃ’Ã‰n and HadÃŠth on good practiceÂ of morality, justice and equity relating to business and monetary issues. TheÂ findings reveal that all themes had met the criterion of acceptability andÂ supported the framework applicability and suitability in Nigeria. It isÂ suggested for the existing Islamic bank (Jaiz) to adopt this proposedÂ framework for its sustenance in the system. Finally, the paper recommendsÂ for method and data triangulation in further research.
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