Shinkafi, Akilu Aliyu and Yahaya, Sani and Gusau, Ahmad Muhammad (2019) The influence of Agro Bank Shari'ah compliance financing in stimulating agricultural development in Malaysia: a lesson for Nigeria. In: International Conference on Zakat, Tax, Waqf And Economic Development (ZAWED), 1st – 2nd December 2019, Adya Hotel Langkawi, Malaysia.

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Abstract

The influence of Malaysian financial industry in stimulating economic development and agricultural development, in particular, cannot be under-estimated. Nowadays, the realization of agricultural development is one of the major targets of numerous nations around the globe. The major objective of this study is to explore the influence of Islamic finance in promoting agricultural development in Malaysia with a particular focus on the influence of agro bank Shari’ah approach and derived lessons for Nigeria. The methodology employed for the study is the qualitative approach. The instrument used for gathering the data is the use of documents throughout the study. The authors concentrate on both public materials (such as journals, and textbooks, etc.) and online sources such as official annual reports by the BNM (Malaysia financial sector report), Agro Bank annual reports, etc. The available documents were synthesized according to the demand of this excerpt. This study found evidence that; agro bank Shari’ah archetype has a significant influence on agricultural development in Malaysia. The study recommends that more initiatives and broadening the use of relevant Islamic financing contracts should be available to support the accomplishment of agricultural development in Malaysia, this is an addition to heavily relying on few products such as BBA mode of financing. The data further shows that Nigeria can learn several ideas from the Malaysian efforts for agricultural development in Nigeria.

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	ISBN: 978-967-2276-10-4 Organized by: Islamic Business School, Universiti Utara Malaysia, Sintok, Kedah, Malaysia
Uncontrolled Keywords:	Islamic finance, Agricultural development, Agro bank, Malaysia, Niger
Subjects:	H Social Sciences > HG Finance
Divisions:	Islamic Business School
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	15 Dec 2019 03:07
Last Modified:	15 Dec 2019 03:07
URI:	https://repo.uum.edu.my/id/eprint/26654

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