Usury and its Implication on the Economy of Muslim Civil Servants in Nasarawa State, Nigeria

dc.contributor.authorLiman, Sa'adatu Hassan
dc.contributor.authorAbdullahi, Adamu Sulaiman
dc.contributor.authorMuhammad, Maishanu Aliyu
dc.date.accessioned2023-12-12T10:16:43Z
dc.date.available2023-12-12T10:16:43Z
dc.date.issued2022-02-19
dc.description.abstractThe practice of interest among Muslims is a condemnable act by Islam because of its logical consequences in the economy of people. The aim of this paper is to survey the implication of interest on the economy of Muslim civil servants of Nasarawa state, to be specific the interest charges by the cooperative societies when a member collect any facility. The methodology used is both library and field work where books were consulted and interview were equally conducted. This research is significant as it would serve as a clarion call to the Muslims who either consciously or unconsciously involve in the transactions that have interest or any of its elements, to speed up and desist from partaking in the interest. Muslims should avoid consumption of interest in their financial transaction. The findings revealed that most of Muslim civil servants in Nasarawa state, use to collect the loan from the cooperative societies or banks that charges interest and continue to suffer from financial volatility until they have pay off and their economy is not in an equilibrium position. It is recommended that Muslim civil servants should join Islamic cooperative societies in their places of work and where there is none at all, they should hasten in establishing one.en_US
dc.identifier.citationAbdul-Karim, Z., Uṣῡl Ad-Da‟wah, Lebanon: Al-Risalah Publishing House, 1996. Abubakar, A. M., Application of Islamic Financing Options in the Operations of Yobe State Cooperative Multi-Purpose Society (YSU-CMS), in Journal of Islamic Business and Economic Review, Vol. 3, Issue I, January 2020. Ajani, M. A. A., (2016), An Assessment of Islamic Cooperative Societies in Nigeria, Unpublished Ph. D. Thesis of the Department of Religions, University of Ilorin, Ilorin. Al-Bannā, H., Majmῡ‟āt Rasā‟il Al-Imām Ash-Shaikh Hasan Al-Bannā, Lagos: Alasela Islamic Publications, n.d. Al-Mubarakpuri, S. R., Ar-Raheeq Al-Makhtum (The Sealed Nectar), Egypt: Dar al-Wafa‟I, 2017. An-Nadwiī, A. A. A., Sīratu Khātamin Nabiyyīna, Lil Atfāl, Beirut: Muassasatur Risālah,1987. Azmi, S., Islamic Economics, New Delhi: Good word Books, 2002.en_US
dc.identifier.urihttps://keffi.nsuk.edu.ng/handle/20.500.14448/3564
dc.language.isoenen_US
dc.publisherDepartment of Islamic Studies, Nasarawa State University Keffien_US
dc.subjectInterest; Muslims; Civil Servants; Islam; Economy; Nasarawa Stateen_US
dc.titleUsury and its Implication on the Economy of Muslim Civil Servants in Nasarawa State, Nigeriaen_US
dc.typeArticleen_US

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