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Financial intermediation is the backbone of a financial system. Banks are essential providers of financial intermediation; even more so in bank-based economies. Financial intermediation involves underwriting risks. Banks engage in a... more
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      Shariah and Legal Issues in Islamic BankingShariah Issues in Islamic Finance and Capital Markets
This study discusses the business transactions in the contemporary context. In the transactions there are pillars and terms that must be done by a seller and buyer. The purpose of the study is to see the pillars and terms in the online... more
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      Maqasid al-Sharia (Purposes of Islamic Law)Shariah and Legal Issues in Islamic BankingDifferences between shariah based sale transactions and riba based transactions
This Paper attempts to critically look at the constitutional basis for Islamic banking and finance in Nigeria. It is dishearteninig that many Muslims especially in Nigeria do not know that they can engage in a banking business that is in... more
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    • Shariah and Legal Issues in Islamic Banking