Appraisal of economic benefits of Sukuk in financing budget deficits in Nigeria
Other Title(s)
تقييم الفوائد الاقتصادية للصكوك في تمويل عجز الميزانية في نيجيريا
Joint Authors
Jamilu Baita, Abu Bakr
Dawud, Mustafa
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 32, Issue 1 (31 Jan. 2019), pp.145-158, 14 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2019-01-31
Country of Publication
Saudi Arabia
No. of Pages
14
Main Subjects
Topics
Abstract EN
This study(1) appraises the economic significance and benefits of ṣukūk in financing budget deficits in the Nigerian economy.
Using secondary sources of data, the study employs content and trends analyses to achieve its objective.
Essentially, the study posits that the issuance of ṣukūk as an alternative to other interest-bearing financial instruments can effectively finance budgetary and infrastructural deficits and complement in achieving developmental objectives in Nigeria.
Also, ṣukūk has the potential of promoting fiscal sustainability of the Nigerian economy.
It is therefore recommended that the federal government should integrate ṣukūk as part of its fiscal strategic policies for financing budgetary and infrastructure deficits.
American Psychological Association (APA)
Jamilu Baita, Abu Bakr& Dawud, Mustafa. 2019. Appraisal of economic benefits of Sukuk in financing budget deficits in Nigeria. Journal of King Abdulaziz University : Islamic Economics،Vol. 32, no. 1, pp.145-158.
https://search.emarefa.net/detail/BIM-851896
Modern Language Association (MLA)
Jamilu Baita, Abu Bakr& Dawud, Mustafa. Appraisal of economic benefits of Sukuk in financing budget deficits in Nigeria. Journal of King Abdulaziz University : Islamic Economics Vol. 32, no. 1 (Jan. 2019), pp.145-158.
https://search.emarefa.net/detail/BIM-851896
American Medical Association (AMA)
Jamilu Baita, Abu Bakr& Dawud, Mustafa. Appraisal of economic benefits of Sukuk in financing budget deficits in Nigeria. Journal of King Abdulaziz University : Islamic Economics. 2019. Vol. 32, no. 1, pp.145-158.
https://search.emarefa.net/detail/BIM-851896
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 154-156
Record ID
BIM-851896