Islamic Finance Plays A Key Role In Accelerating Economic Development
This edition of the Islamic Finance Weekly anchored by Bukola Akinyele-Yisau features Mrs. Raheemat Alimi, the Deputy Registrar, Nungu Business School as she speaks on "Islamic Finance, Prohibition of Interest & Economic Stability".
According to her Islamic economics is viewed through the lens of a strong social conscience and moral filter. Which means whatever is not permissible in Sharia will not be allowed in Islamic finance.
She said one of the features of Islamic economics is the partnership and support it provides to entrepreneurs, who are key drivers of the economy.
Speaking further she stressed that the Non-Interest finance market has high value for justice and fairness in the financial system, which is why it prohibits the "Riba" practice.