Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance

Nigeria’s return to democratic rule about 18 years ago heralded a new beginning that was expected to promote political stability, ensure economic prosperity and build societal civility. However, Nigeria is now politically disintegrated, socially dislocated and economically unstable mainly due to man...

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Main Authors:	Adewale, Abideen Adeyemi, Haron, Razali
Format:	Article
Language:	English English
Published:	IIUM Press 2017
Subjects:	H Social Sciences (General) HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/59712/ http://irep.iium.edu.my/59712/ http://irep.iium.edu.my/59712/1/01%20-%20Al%20Shajarah.pdf http://irep.iium.edu.my/59712/7/59712_Democracy%20and%20socio-economic%20inclusion%20in%20Nigeria_SCOPUS.pdf

id	iium-59712
recordtype	eprints
spelling	iium-597122018-04-17T08:33:07Z http://irep.iium.edu.my/59712/ Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance Adewale, Abideen Adeyemi Haron, Razali H Social Sciences (General) HG3368 Islamic Banking and Finance Nigeria’s return to democratic rule about 18 years ago heralded a new beginning that was expected to promote political stability, ensure economic prosperity and build societal civility. However, Nigeria is now politically disintegrated, socially dislocated and economically unstable mainly due to many reasons but chiefly socio-economic exclusion. Notwithstanding its large Muslim population, policy recommendations from the West towards solving its myriad of political-economy issues often discounts Islamic alternatives. This has brought to the fore a challenge to the status quo as well as the philosophy that underlines Nigeria’s political-economy inclinations and implications for its teeming population. The objective of this theoretical paper is to stimulate discourse on the policy directions that are in alignment with political economy reality of Nigeria as a Muslim majority country. Specifically, this paper profiles Nigeria’s current socio-economic realities, and its political economy vis-à-vis the global economic order. The paper argues that the various Islamic social finance platforms especially Islamic microfinance may play a big role in mitigating the mutual exclusivity of democracy and socio-economic inclusion of Nigerians especially the Muslims. IIUM Press 2017-11-23 Article PeerReviewed application/pdf en http://irep.iium.edu.my/59712/1/01%20-%20Al%20Shajarah.pdf application/pdf en http://irep.iium.edu.my/59712/7/59712_Democracy%20and%20socio-economic%20inclusion%20in%20Nigeria_SCOPUS.pdf Adewale, Abideen Adeyemi and Haron, Razali (2017) Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance. Al-Shajarah, Special Issue: Islamic Banking and Finance. pp. 1-26. ISSN 1394-6870 http://journals.iium.edu.my/shajarah/index.php/shaj/article/view/605
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	H Social Sciences (General) HG3368 Islamic Banking and Finance
spellingShingle	H Social Sciences (General) HG3368 Islamic Banking and Finance Adewale, Abideen Adeyemi Haron, Razali Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance
description	Nigeria’s return to democratic rule about 18 years ago heralded a new beginning that was expected to promote political stability, ensure economic prosperity and build societal civility. However, Nigeria is now politically disintegrated, socially dislocated and economically unstable mainly due to many reasons but chiefly socio-economic exclusion. Notwithstanding its large Muslim population, policy recommendations from the West towards solving its myriad of political-economy issues often discounts Islamic alternatives. This has brought to the fore a challenge to the status quo as well as the philosophy that underlines Nigeria’s political-economy inclinations and implications for its teeming population. The objective of this theoretical paper is to stimulate discourse on the policy directions that are in alignment with political economy reality of Nigeria as a Muslim majority country. Specifically, this paper profiles Nigeria’s current socio-economic realities, and its political economy vis-à-vis the global economic order. The paper argues that the various Islamic social finance platforms especially Islamic microfinance may play a big role in mitigating the mutual exclusivity of democracy and socio-economic inclusion of Nigerians especially the Muslims.
format	Article
author	Adewale, Abideen Adeyemi Haron, Razali
author_facet	Adewale, Abideen Adeyemi Haron, Razali
author_sort	Adewale, Abideen Adeyemi
title	Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance
title_short	Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance
title_full	Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance
title_fullStr	Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance
title_full_unstemmed	Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance
title_sort	democracy and socio-economic inclusion in nigeria: reducing the mutual exclusivity through islamic microfinance
publisher	IIUM Press
publishDate	2017
url	http://irep.iium.edu.my/59712/ http://irep.iium.edu.my/59712/ http://irep.iium.edu.my/59712/1/01%20-%20Al%20Shajarah.pdf http://irep.iium.edu.my/59712/7/59712_Democracy%20and%20socio-economic%20inclusion%20in%20Nigeria_SCOPUS.pdf
first_indexed	2023-09-18T21:24:36Z
last_indexed	2023-09-18T21:24:36Z
_version_	1777412107795431424

Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance

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