This edition of the Islamic Finance Weekly features Mr. Abdulkabir Nasir, a certified Advisor from the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) who spoke on “Strengthening Nigeria’s Islamic Finance Industry, through Enabling Laws” with Bukola Akinyele-Yisau on Friday, October 14th, 2022.
It covered the following issues:
- Understanding the jurisprudential basis of Islamic Finance.
- Assessment of Islamic finance regulation and supervision in Nigeria
- Sanctions and remedies available when products have been falsely marketed as shariah-compliant.
- Legal Processes for resolving Islamic finance disputes, amongst other settlement cases.
- Prospects for Product Diversification in the Islamic Finance Industry to Cover Other Key Sectors