The Regulatory Challenges Facing Islamic Banking: An Empirical Analysis from Ilorin, Nigeria

Authors

  • Hakeemat Ijaiya University of Ilorin, Nigeria.

Keywords:

Islamic Banking, Regulatory Framework, Regulatory Challenges

Abstract

This paper addresses the regulatory challenges facing Islamic banking in Nigeria with a view to streamlining the system’s legal framework. An empirical method is adopted, with research being carried out using 150 respondents in Ilorin, Nigeria. The paper found that the challenges facing Islamic banking in Nigeria have had an overall negative effect on that sector’s operation. The study concludes that, if the challenges are not addressed, Islamic banking will suffer setbacks in Nigeria. The paper recommends a regulatory framework for Islamic banking in Nigeria.

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Author Biography

Hakeemat Ijaiya, University of Ilorin, Nigeria.

Faculty of Law, University of Ilorin, Nigeria.

References

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Published

2020-12-30

How to Cite

Hakeemat Ijaiya. 2020. “The Regulatory Challenges Facing Islamic Banking: An Empirical Analysis from Ilorin, Nigeria”. ICR Journal 11 (2):325-36. https://icrjournal.org/index.php/icr/article/view/769.