Effects of Islamic Finance Principles on Cooperative Societies in Osun State Nigeria
Journal: IMPACT : International Journal of Research in Business Management ( IMPACT : IJRBM ) (Vol.9, No. 4)Publication Date: 2021.04.30
Authors : Mufutau Akanmu Popoola Afolabi Sulaiman Olayekin; Shittu Muili Olawale;
Page : 9-24
Keywords : Cooperative Societies; Islamic Finance and Islamic Principle on Finance;
Abstract
The study examines the effects of Islamic finance principles on cooperative societies in Nigeria and its direct impacts among muslim cooperators within various local government areas of Osun State, Nigeria. Conventional finance principles compared to the advancement in both the poor and the rich financial well-being seems retrogressive to the socio-economic status of the populace. A purposive sampling technique was used in selecting 12 Islamic cooperative societies based on the practice of Islamic
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