ISLAMIC BANKING AND CHALLENGES IN THE GLOBAL FINANCIAL CRISIS IN NIGERIA

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Summary

This study uncovered the theoretical, practical and conceptual foundations of an  interest-  free Islamic banking system. Almost every religion in the world has banned  usury operated by Islamic banks and even successfully competed with traditional banks.  This business represents a prosperous future for Islamic banking as market share, profitability and adoption  rates increase. ”However, the departure is not without 45 difficulties. Failure to do so will hinder the success of the system. A literature search was  conducted, confirming additional data from  these studies. In addition, the data was obtained from  primary sources who interviewed a number of people, the results of  which will be presented in Chapter4 of this paper and finally the researcher will present the mattheend of this chapter alittle bit.

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