CONTEMPORARY INVESTMENT CONCEPTS: AN ALTERNATIVE VIEW POINT
CONTEMPORARY INVESTMENT CONCEPTS: AN ALTERNATIVE VIEW POINT
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Date
1996-08
Authors
AUWALU, YAHAYA
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Abstract
ABSTRACT
The overwhelming majority of the people in our society are
unaware that islam has a complete economic system. The few that
are aware are oblivion of the objective of business transactions
and investment in Islam. This partially explains the reason why we
experience the economic exploitation that is prevalent in our
society of today.
A number of factors have contributed in the unprecedented
collapse of many business organisations in Nigeria. These include
cumulative effect of usury on many debtor nations, increasing
disparities at different levels and the exploitation of the poor
and afflicted by the rich and powerful.
Since the basis of all actions in Islam is the sharia, the
study has discussed the nature, sources and modus operandi of
business transactions and investments in the light of Sharia. The
study also reviews the western investment concepts and their
inherent weaknesses that are usually exploited by capitalists in
enslaving the masses. Of particular significance is the theory of
interest that over protects the capitalist and exposes the
borrowers to all sorts of risks. The fact that only few nations of
the world today are not debt-ridden conveys a lot of messages about
the present system of Banking and Finance.
The study further attempts to expose the various options that
are available when it comes to investment and the logistics
involved. These options include Mudaraba and Musharaka.
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Description
A RESEARCH PROJECT SUBMITTED TO THE
POST-GRADUATE SCHOOL, AHMADU BELLO UNIVERSITY,
ZARIA IN PARTIAL FULFILLMENT OF THE
REQUIREMENTS FOR AN AWARD OF MASTER IN
BUSINESS ADMINISTRATION
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY
ZARIA
Keywords
CONTEMPORARY, INVESTMENT, CONCEPTS:, ALTERNATIVE