Over the past few months, the government of Nigeria has battled Jihadist insurgents of the Darul Islam sect who sought to impose Shariah in the areas on western Nigeria in which they operated.
Even though the government has successfully battled Darul Islam, other Islamist elements in Nigeria are allowing a Trojan Horse to enter Nigeria’s economy in the form of Shariah-Compliant Finance.
The Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has declared that “Islamic finance” will form a significant part of the Nigerian financial landscape. Once again, the rationale behind the acceptance of Shariah Finance is the myth that it has performed well in the midst of the worldwide economic downturn.
