The alarming increase in graduates/youths unemployment across the globe is disturbing. Graduates/youths unemployment that leads to brain drain is a complex problem facing developing countries, of which Nigeria is not spared. It is on this premise that necessitated the purpose of writing this paper is to ameliorate the issue of graduate/youth unemployment through the adoption of Islamic financing instruments as a solution to curb this high rate of graduates/youths unemployment in Nigeria. Going by the focus of this paper, Islamic financing instruments which have been seen to be under-utilized but if aggressively encouraged by the Nigerian government through easy access to funding by graduates/youths, which is a catalyst to entrepreneurship among graduates/youths to reduce unemployment that has been combating them and the nation at large. The method employed for this study is conceptual in nature. It reviewed previous literature whereby understanding the roles played by Islamic financing in curbing the menace of brain drain and unemployment among graduates/youth were gained. Based on the understanding of reviewed literature, this study has documented that Islamic finance instrument has played a significant role in SMEs. The study also found out that the impact of harnessing SMEs through Islamic finance instruments cannot be ignored in any society. Thus, it is suggested that the Nigerian government should embrace Islamic financing to reduce the population of graduates/youths who have recently, as a matter of no job, partake in ENDSARS protests and roaming the streets aimlessly across Nigeria. The implication of study on the Nigeria government and policymaker in term of adoption of Islamic finance instruments was to address the issues of SMEs in order to tame the menace on unemployment and brain drain, thereby retaining our graduate/youths to contribute their quotas through their skills/potentials for the betterment of the country.

This study has critically reviewed both empirical and theoretical literature and the importance of Sukuk being an Islamic finance mechanism as a major player to solve socio-economic problems and human development in general. It is observed that Islamic finance products, especially Sukuk have gained prominence across the globe.  Considering part of its importance to human life, previous studies have established that it is working successfully in several countries through the adoption of Sukuk to tackle socio-economic vices such as the alleviation of poverty, lack of shelter, illiteracy that in the long-run has positive impacts on the small and medium enterprise; economic; rural and sustainable development. Given this, the study focuses on the effectiveness of the concept of Sukuk as a mechanism to solve socio-economic vices listed above. As earlier mentioned, the Islamic finance market is succeeding with its approach in a comprehensive manner towards empowering people and their wellbeing. In support of this, the proceed generated from Sukuk investments can be used by investors to improve the education of their wards and personal health condition. The outcome of this study revealed that Islamic finance products, bearing Sukuk in mind is capable of solving socio-economics vices facing the world.

This study examines the importance of Sukuk being Islamic finance mechanisms as a major player to solve socio-economic problems and human development in general. It is observed that Islamic finance products, especially Sukuk have gained prominence across the globe.  Considering part of its importance to human life, previous studies have established that it is working successfully in several countries through adoption of Sukuk to tackle socio-economic vices such as the alleviation of poverty, lack of shelter, illiteracy that in the long-run has positive impacts on the small and medium enterprise; economic; rural and sustainable development. Given this, the study focuses on the effectiveness of the concept of Sukuk as a mechanism to solve socio-economic vices listed above. As earlier mentioned, the Islamic finance market is succeeding with its approach in a comprehensive manner towards empowering people and their wellbeing. In support of this, the proceed of generated from Sukuk investments can be used by investors to improve the education of their wards and personal health condition. The outcome of this study revealed that Islamic finance products, bearing Sukuk in mind is capable of solving socio-economics vices facing the world.