Excogitative Deconstruction of the Discourse Dynamics of the Controverted Non-Interest Banking and the Islamicizing Controversy Issues

Adebiyi Jelili Adegboyega

doi:10.12816/0001591

Article Details

Excogitative Deconstruction of the Discourse Dynamics of the Controverted Non-Interest Banking and the Islamicizing Controversy Issues

Authors:

Adebiyi Jelili Adegboyega

Publisher:

Islami Bank Training and Research Academy

Main Topics:

Islam, Bábism & Bahá"í Faith | Economics and Finance

Journal:

Journal of Islamic Economics, Banking and Finance 2013 Vol.9 Issue 1, pp.21-38

Document Type:

Article

Publication Date:

3/2013

Document Language:

English

Document ID (Org No.):

40054

Frequency:

Quarterly

pISSN:

20704658

DOI:

10.12816/0001591

Descriptors:

Abstract:

 This paper analytically explores the contours and the dynamics of the voices of dissents thatgreeted the introduction of Islamic Banking in Nigeria. The topography of the disapprobativevoices was first elucidated upon. Following this, a general and detail analytical overview of whatnon-interest banking is, and Islamic banking in particular, was explained. This was crossexaminedagainst the arguments raised by the antagonists of the introduction of Islamic Bankingin Nigeria. In the consequence, it was observed that the dissention that trailed the introduction ofIslamic banking in Nigeria was not based on the antagonists’ understanding of what the packagewas all about. Rather, evidence suggests that this was largely influenced by religious bias andmore specifically, the othernizing spirit of Islamophobia. Additionally, the lack of adequateknowledge and insights about what Islamic banking is, as well as the glorification of ignorancewas identified as other reasons that spurred the agitation against the introduction of Islamicbanking in Nigeria. Although stakeholders of different leanings resisted the introduction of thisbanking variant, the Nigerian mainstream media played the most significant role in sustaining theresistance and misinforming the public.

Article Details

Excogitative Deconstruction of the Discourse Dynamics of the Controverted Non-Interest Banking and the Islamicizing Controversy Issues

Authors:

Adebiyi Jelili Adegboyega

Publisher:

Islami Bank Training and Research Academy

Main Topics:

Islam, Bábism & Bahá"í Faith | Economics and Finance

Journal:

Journal of Islamic Economics, Banking and Finance 2013 Vol.9 Issue 1, pp.21-38

Document Type:

Article

Publication Date:

3/2013

Document Language:

English

Document ID (Org No.):

40054

Frequency:

Quarterly

pISSN:

20704658

DOI:

10.12816/0001591

Descriptors:

ISLAMIC ECONOMICS

ISLAMIC BANKS

ISLAMIC BANKING

BUSINESS SERVICES

INTEREST RATES

INVESTMENT BANKING

NIGERIA

Issues

Article Details

Authors: Adebiyi Jelili Adegboyega

Publisher: Islami Bank Training and Research Academy

Main Topics: Islam, Bábism & Bahá"í Faith | Economics and Finance

Journal: Journal of Islamic Economics, Banking and Finance 2013 Vol.9 Issue 1, pp.21-38

Document Type: Article

Publication Date: 3/2013

Document Language: English

Document ID (Org No.): 40054

Frequency: Quarterly

pISSN: 20704658

DOI: 10.12816/0001591

Descriptors:

Issues

Authors:

Adebiyi Jelili Adegboyega

Publisher:

Islami Bank Training and Research Academy

Main Topics:

Islam, Bábism & Bahá"í Faith | Economics and Finance

Journal:

Journal of Islamic Economics, Banking and Finance 2013 Vol.9 Issue 1, pp.21-38

Document Type:

Article

Publication Date:

3/2013

Document Language:

English

Document ID (Org No.):

40054

Frequency:

Quarterly

pISSN:

20704658

DOI:

10.12816/0001591