期刊名称：Asian Journal of Business and Management Sciences
电子版ISSN：2047-2528
出版年度：2012
卷号：1
期号：01
页码：91-99
出版社：Society for Business Research Promotion
摘要：It is often misunderstood that the Islamic financial system involves only the absence of interest and only applies to those who practice the Islamic faith. Although the paying or receiving of interest is strictly forbidden to the many million practicing Muslims all over the world, this system can be an alternative to the existing method for everyone. Further, the concept of Islamic finance involves more than zero interest. There are other principles such as prohibition of guaranteed earning, transactions to comply with a set of Islamic laws known as Shari'a, and the emphasis on the element of business risk. The central theme of this paper is to provide an overview of the theoretical concept of Islamic finance, discuss the various instruments available in Islamic finance, the obstacles involved in its application, and analyze the perception of Islamic financial system in Borno state. To achieve this, both primary and secondary data were used. A total of 499 questionnaires received from the three senatorial districts were analyzed by the use of chi-square and analysis of variance so as accept or reject the hypothesis on public perception. In both the analysis, the null hypothesis was rejected indicating there was awareness of Islamic finance. However, suggestions offered include changing the name of the system, formation of professional association and manpower training. KEYWORDS: Mudaraba(Trust Financing), Musharakah (Partnership), Murabaha (Cost Plus), Ijara (Lease) Full Text
