PRESENT ECONOMY, COVID – 19 PANDEMIC AND THE ALTERNATIVES IN ISLAMIC BANKING AND FINANCE

Abstract

Abstract Poverty in Nigeria has considerably risen in Nigeria for a number of reasons and for a number of years. The Nigerians need financial outlet in form of simple loans but the vulnerability of microfinance banks and difficulties encountered with the major commercial banks constitute serious impediment. The Islamic banking and finance as a new business phenomenon need to be understood, applied and utilized, especially in a post CoVid-19 era. The CoVid-19 pandemic has opened a new chapter in human life, which need to be understood and utilized. The information expressed, conveys the viability, profitability, measured riskiness and comfortable process of utilizing the instruments.

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