REVIVING NIGERIA’S ECONOMY THROUGH AN ISLAMIC ECONOMIC MODEL
Authors: Abdulsalam Musa Olawale, Ahmed Sulaimon Adeyemi
DOI: 10.5281/zenodo.17357516
Published: January 2024
Abstract
<p><em>This study examines the Islamic perspective on the contemporary Nigerian economy, with particular focus on Islamic concepts of economic development such as fear of Allah (taqwa), accountability to Allah, and the application of divine guidelines. The objective is to rejuvenate the mindset of individuals toward building a more just, responsible, and productive society. The study employed a literature review methodology and explored various economic challenges facing Nigeria, including fraud, money laundering, drug trafficking, bribery, and corruption. It was observed that, despite several interventions by the Federal Government of Nigeria aimed at alleviating and eradicating these persistent issues, the core economic problems remain largely unaddressed in a pragmatic and ethical manner. The study concludes that Islam is not merely a system of belief but offers comprehensive solutions to the socioeconomic problems confronting Nigeria today.</em></p>
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