Non-Interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia
One of the major potential challenges before the nascent non-interest(Islamic) banking product in Nigeria is the absence of adequate and viable Shariah-compliant instruments of liquidity management. The availability of the instrument is a sine qua non in the banking system. Conversely, Malaysia bei...
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| Format: | Article |
| Language: | English |
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Malayan Law Journal Sdn. Bhd
2015
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/47999/ http://irep.iium.edu.my/47999/1/47999_Non-Interest%20%28Islamic%29%20liquidity%20management.pdf |
| _version_ | 1848783234682322944 |
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| author | Olayemi, Abdul Azeez Maruf Hasan, Aznan Ibrahim, Uzaimah Buang, Ahmad Hidayat |
| author_facet | Olayemi, Abdul Azeez Maruf Hasan, Aznan Ibrahim, Uzaimah Buang, Ahmad Hidayat |
| author_sort | Olayemi, Abdul Azeez Maruf |
| building | IIUM Repository |
| collection | Online Access |
| description | One of the major potential challenges before the nascent non-interest(Islamic) banking product in Nigeria is the absence of adequate and viable Shariah-compliant instruments of liquidity management. The availability of the instrument is a sine qua non in the banking system.
Conversely, Malaysia being the global hub of the Islamic banking and finance has successfully developed viable instruments for the management of Islamic liquidity. The Malaysian instruments are comparably in juxtaposition with that of the conventional system in terms of sophistication and development. The article advocates for the adoption and adaptation of the Malaysian model of Islamic liquidity management instruments into the Nigerian banking system as a panacea. The research is a qualitative comparative legal study. It aims at proposing solution to the lingering problem of non-interest liquidity management in the Nigeria nascent non-interest banking product. |
| first_indexed | 2025-11-14T16:18:07Z |
| format | Article |
| id | iium-47999 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:18:07Z |
| publishDate | 2015 |
| publisher | Malayan Law Journal Sdn. Bhd |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-479992021-06-21T14:08:21Z http://irep.iium.edu.my/47999/ Non-Interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia Olayemi, Abdul Azeez Maruf Hasan, Aznan Ibrahim, Uzaimah Buang, Ahmad Hidayat BPH Islamic Economics H Social Sciences (General) One of the major potential challenges before the nascent non-interest(Islamic) banking product in Nigeria is the absence of adequate and viable Shariah-compliant instruments of liquidity management. The availability of the instrument is a sine qua non in the banking system. Conversely, Malaysia being the global hub of the Islamic banking and finance has successfully developed viable instruments for the management of Islamic liquidity. The Malaysian instruments are comparably in juxtaposition with that of the conventional system in terms of sophistication and development. The article advocates for the adoption and adaptation of the Malaysian model of Islamic liquidity management instruments into the Nigerian banking system as a panacea. The research is a qualitative comparative legal study. It aims at proposing solution to the lingering problem of non-interest liquidity management in the Nigeria nascent non-interest banking product. Malayan Law Journal Sdn. Bhd 2015-12-31 Article PeerReviewed application/pdf en http://irep.iium.edu.my/47999/1/47999_Non-Interest%20%28Islamic%29%20liquidity%20management.pdf Olayemi, Abdul Azeez Maruf and Hasan, Aznan and Ibrahim, Uzaimah and Buang, Ahmad Hidayat (2015) Non-Interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia. Shariah Reports, 1. cxxvii-cxl. ISSN 1985-4250 https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2690305_code1577712.pdf?abstractid=2690305&mirid=1 |
| spellingShingle | BPH Islamic Economics H Social Sciences (General) Olayemi, Abdul Azeez Maruf Hasan, Aznan Ibrahim, Uzaimah Buang, Ahmad Hidayat Non-Interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia |
| title | Non-Interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia |
| title_full | Non-Interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia |
| title_fullStr | Non-Interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia |
| title_full_unstemmed | Non-Interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia |
| title_short | Non-Interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia |
| title_sort | non-interest (islamic) liquidity management in the nigerian non-interest banking: a legal study from the experience of malaysia |
| topic | BPH Islamic Economics H Social Sciences (General) |
| url | http://irep.iium.edu.my/47999/ http://irep.iium.edu.my/47999/ http://irep.iium.edu.my/47999/1/47999_Non-Interest%20%28Islamic%29%20liquidity%20management.pdf |