Friday, April 01, 2022 / 11:00 AM / by Bukola Akinyele-Yisau for WebTV / Header Picture
Credit score: Islamic Microfinance Information
The expansion of the
non-interest finance market in Nigeria hinges on attaining scale in Islamic
finance education throughout the nation. Mr. Yusuf
Alajiki, Director, Nobleway Faculty, Lagos, made this level whereas offering his
view on “Bettering the Adoption of Non-Curiosity Finance Training in Nigeria”.
He
believed that bridging the manpower deficit within the moral finance market would
require vital investments in Islamic finance training. The administrator
suggested the Nigerian Universities Fee (NUC) and governing our bodies of
establishments to combine the teachings of non-interest finance training into
the curriculum and lengthen it to the secondary and first college stage.
He
advocated for elevated consciousness of the worth of Islamic banking, which
gives immense alternatives for deepening monetary inclusion. He referred to as for
collaboration between NUC and the Joint Admission Matriculation Board (JAMB)
that would see college students in search of admission into tertiary establishments, together with
Islamic finance, as a course.
He
added that adopting Islamic Finance research in tertiary establishments would
present the pipeline for human capital growth for the Islamic Banking
trade in Nigeria. In accordance with him, “Larger establishments aren’t presupposed to
be stagnant within the studying course of; we’re presupposed to be taught in a approach college students
could have totally different expertise that can assist scale back unemployment in our
nation”.
He
careworn the necessity to embody Islamic finance to attach with individuals in rural
areas in monetary literacy. He additionally tasked training authorities to emphasise
e-learning as a part of the scope of research, which is able to increase Nigeria’s
competitiveness within the world neighborhood.
In its 2021 article,
Africa Enterprise acknowledged that “Africa has enormous potential for progress in Islamic
banking as a result of massive Muslim populations, a low beginning base, and rising
authorities curiosity within the sector. For governments, sector enlargement would
diversify the funding sources of their economies and scale back financing
shortfalls exacerbated by the pandemic”.
Ahmadu
Bello College, Zaria, and the College of Lagos are two tertiary
establishments in Nigeria which have adopted Islamic finance programs of their
curriculum.
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