Download Tag: ISLAMIC BANKING

CHAPTER ONE INTRODUCTION 1.5.  BACKGROUND OF THE STUDY Islamic banking is defined by (institution of Islamic banking & insurance IIBI 1991:3) as a system of banking activity that is consistent with the principles of the shariah and it’s practical appreciation through the development of Islamic Economics. The origin of modern Islamic bank can be traced back to the very birth of Islam, when the prophet himself acted as an agent for ...

CHAPTER ONE 1.1       Background to the Study Non- interest banking otherwise or also known as Islamic banking is one which raised a lot of fumes in Nigeria and the world over. It usefulness as well as its religiosity raised a lot of controversy. Some have seen it as a good way of banking while others have given it a dismissal attitude. If this is so, we would like to know ...