Nigerian Economic Recession: An Islamic Perspective

  • Ali D Yusuf Islamic Business School, College of Business, Universiti Utara Malaysia,Sintok 06010, Kedah, Malaysia
  • Mohd Shahril Ahmad Razimi Islamic Business School, College of Business, Universiti Utara Malaysia,Sintok 06010, Kedah, Malaysia
Keywords: Recession, capitalism, socialism, Islamic, Adl.

Abstract

As Nigerian economy continue to face constant economic recession, despite abundant of both natural and human resources in Nigeria due to adoption of falsehood economic system of capitalism inherent in its economic system. The major world views of economic system is on either capital or socialism which proved to be failures for centuries the only solution to the present economic predicament is Islamic economic system, which is recession proof, as it is purely based on ―Adl‖ which is fairness and justice, social responsibility, transparency, trust worthiness, and sharia compliance.

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Published
2017-09-28
How to Cite
Yusuf, A. D., & Ahmad Razimi, M. S. (2017). Nigerian Economic Recession: An Islamic Perspective. International Journal of Islamic Banking and Finance Research, 1(1), 6-13. https://doi.org/10.46281/ijibfr.v1i1.34
Section
Research Paper/Theoretical Paper/Review Paper/Short Communication Paper