To read the full version of this content please select one of the options below:

Do academic and professional institutions promote the awareness and knowledge of Islamic banking and finance in Nigeria?

Umar Habibu Umar (Department of Finance, School of Business and Economics, Universiti Brunei Darussalam, Gadong, Brunei Darussalam)
Mustapha AbuBakar (Department of Banking and Finance, Ahmadu Bello University Zaria, Zaria, Nigeria)
Abubakar Jamilu Baita (Department of Economics, Yusuf Maitama Sule University Kano, Kano, Nigeria)
Tasiu Tijjani Kademi (Department of Accounting, Rabiu Musa Kwankwaso College of Advance and Remedial Studies, Kano, Nigeria)
Md Harashid Haron (Accounting Section, School of Management, Universiti Sains Malaysia, Penang, Malaysia)

Journal of Islamic Accounting and Business Research

ISSN: 1759-0817

Article publication date: 7 May 2021

Issue publication date: 21 June 2021

240

Abstract

Purpose

The purpose of this study is to examine the contribution of academic and professional institutions in promoting the awareness and knowledge of Islamic banking and finance in Nigeria.

Design/methodology/approach

The data were generated through a documentary research method by examining the Benchmark Minimum Academic Standards (BMAS) for Nigerian universities and Nigerian university curricula for the relevant undergraduate programs, as well as examination syllabi and training brochures for the relevant professional associations.

Findings

The study found that universities do not promote significantly the awareness and knowledge of Islamic banking and finance. Similarly, the relevant professional associations through their examinations and training programs contribute little or nothing to the promotion of awareness and knowledge.

Research limitations/implications

This study solely relied upon documentary evidence upon which the findings were based. In addition, for academic institutions, only undergraduate BMAS and curricula were examined.

Practical implications

There should be collaborations between the National University Commission of Nigeria, relevant Islamic and non-Islamic professional bodies and Nigerian Universities to ensure that courses (subjects) that could promote the awareness and knowledge of Islamic banking and finance are fully integrated into academic and professional curricula and training programs.

Social implications

The integration of an adequate number of relevant courses/topics into academic curricula and professional institution examination syllabi and their Mandatory Continuing Professional Development programs would greatly contribute to the production of competent and skillful employees to work for the growth and development of the Islamic banking and finance industry.

Originality/value

This study provides better ways of ensuring that knowledgeable and qualified employees are produced to work for the sustainability of the global Islamic banking and finance industry.

Keywords

Citation

Umar, U.H., AbuBakar, M., Baita, A.J., Kademi, T.T. and Haron, M.H. (2021), "Do academic and professional institutions promote the awareness and knowledge of Islamic banking and finance in Nigeria?", Journal of Islamic Accounting and Business Research, Vol. 12 No. 3, pp. 401-417. https://doi.org/10.1108/JIABR-05-2020-0171

Publisher

:

Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

Related articles