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Bullion

Keywords

Non-interest banking, Banking, Financial system, Banking sector, Non-interest finance, Nigeria

Abstract

The paper examines non-interest Banking model that operates devoid of interest in lending, financing, deposit-taking and all forms of financial intermediation. Hence, the bank becomes an important financial institution for enhancing growth and development in an economy. The article is divided into five section, the first being the introduction, section two contains the conceptual framework, three highlights non-interest banking in Nigeria and four concludes the paper.

Author Bio

The author Mobolaji A. Umar is a staff of the Department of Economic, University of Ilorin, Ilorin, Kwara State.

Publication Title

CBN Bullion

Issue

3

Volume

35

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