Arabic & Islamic Studies

Permanent URI for this communityhttps://repository.ui.edu.ng/handle/123456789/283

Browse

Now showing 1 - 3 of 3

Islamic financial culture: alternative economic system for rapid and sustainable economic growth in West African countries
(2011) Adesina-Uthman, G. A.; Uthman, I. O.; Hassan, T.; Ramadili, S. M.
West African countries are wealthy countries with abundance of both human and natural resources. Some of its member countries are leading member of the OPEC countries. Surprisingly poverty in West African countries is at an alarming rate. Most of its countries are categorized as underdeveloped countries with highest rate of corruption in the world. It is characterized by very weak economies and very low growth rates. There is prevalence of abject poverty as a result of poor economic managements. They have unstable national currencies which are ever losing value and the masses of their rich country live below the poverty line according to UN classification. This study therefore attempts to unravel ways to employing Islamic financial system as an alternative economic system for rapid and sustainable economic growths in West African countries. The study highlights how Islamic money culture, Islamic financial engineering and other Islamic mechanisms such as the gold payment system, Sukuk, Waqf and Zakah systems can become tools in solving the poverty-ridden conditions of West African countries and their teeming populations. Empirical evidence from Malaysian Sukuk forward rates and inflations revealed that Sukuk forward profit rates have positive effects on real economic growth and have the likelihood to keep inflation at its low.
The role of Zakah and Waqf management in poverty alleviation of muslim women in Nigeria
(International Islamic University Printing SdnBerhard, 2012) Uthman, I. O.; Adesina-Uthman, G. A.
Women and home survival in Nigeria and Malaysia: A comparative Analysis and lessons for contemporary Nigerian muslim women
(International Centre for Integrated Development Research, 2011-04) Adesina-Uthman, G. A.; Uthman, I. O.
Domestic welfare responsibilities in male-headed households are in some cases shifted to women. The need to make crucial economic decisions due to adverse adjustments in the formal sector of the economy is a plausible factor. This has been found to decrease women's economic earnings. The bid to cope with household management and survival has forced women into the informal sector of the economy. This has reshaped women's work and it has also accentuated gender inequalities. The aim of this paper was to review empirical cases on the subject matter in Nigeria and Malaysia employing secondary data to see the situations of women and different strategies employed in these countries by women as regards home survival. This was done in order to see what Nigerian Muslim women, in particular, may learn from their Malaysian counterpart about household management and survival especially considering the fast modern development of Muslim women in Malaysia. The study found out that Muslim women in Malaysia are better off in home survival strategies than their Nigerian counterparts due to technological development, government assisted programs and loans for single mothers and women entrepreneurs. Therefore, Nigerian governments at the federal and state as well as the municipal arms should assist women, including Muslim women's single mothers, unemployed and entrepreneurs. Muslim women, especially, entrepreneurs should also embrace their technological knowledge like their Malaysian counterparts to enhance their economic development and sustainability.