Using Islamic Banking to Improve Financial Inclusion in Selected States of Northern Nigeria: The Case of Jaiz Bank PLC

Abubakar, Adamu Usman

doi:10.1007/978-3-030-39939-9_4

Cited by 3 publications

(3 citation statements)

References 9 publications

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“…To assemble the final sample, we set two criteria: First, the firm reports vital financials Payment Service Banks (PSBs) for reasons that includethe fact that the operations of some depends excessively on the central banks supply, so the main financials are difficult to manipulate. Some of the firms (e.g., Non-Interest Banks) have other motives for their establishment beyond interest profit making and hence their operations is based on principals controlled by faith and business, thus may not necessarily engage in fraudulent practice (Abubakar et al, 2020). Finally, we select a total of 30 financial firms which comprise 13 Commercial Banks, 11 Insurance firms, 3 Micro-finance Banks/Savings and Loan firms, and 3 Primary Mortgage Banks.…”

Section: Datamentioning

confidence: 99%

Financial Statements Fraud of Banks and other Financial Institutions in Nigeria

Gbadebo,

Akande,

Adekunle

2023

J. Professional Business Review

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Purpose: There is evidence that managers engage in opportunistic practice to manipulate reported performance to attract unsuspecting investors. This paper seeks to detect the likelihood of manipulations on the financial reports of financial service firms (banks and other financial institutions) as well as to identify the financial indicators that are the likely predictors of the probability of manipulations in Nigeria. Theoretical framework: The M-score models, from Beneish (1999), are employed as theoretical basis for the paper. The model use financial ratios computed using accounting data to confirm the probability that firms’ reported earnings are manipulated. Design/Methodology/Approach: The study uses data from the Nigerian Exchange Group, from 2010 to 2019 to compute M8/M5-scores and classify firms into likely manipulators and unlikely manipulators. In addition, a probit regression model was applied to establish financial ratios that significantly predict the likelihood of FSF amongst the financial firms. Findings: The results based on M8 (M5)-score indicate that 26.67% (23.33%) of firms likely manipulate financial books and exhibit the possibility of FSF. In addition, only sales in receivable, sales growth, depreciation expenses, leverage and accruals to assets ratios are found to be (positive) significant predictors of the probability of manipulations. Research, Practical & Social implications: The implication of the outcome is that subjecting financial statements to empirical and statistical scrutiny should not be ignored because it would detect and reduce associated risks to manipulations. Therefore, more regulatory interventions and empirical auditing of reports are needed to ensure their readability and reliability to the investors. Originality/Value: The study offers a novel and first evidence, based on Beneish M-score, to scrutinise reports of financial firms in Nigeria. The evidence ensures quality reporting of the financial statements in order to credibility as well as protect the integrity of the capital markets.

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Section: Datamentioning

confidence: 99%

Financial Statements Fraud of Banks and other Financial Institutions in Nigeria

Gbadebo,

Akande,

Adekunle

2023

J. Professional Business Review

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“…The researchers conducted a case study targeting 121 staff of the bank. The findings of their research revealed a sharp differences in the financial activities between conventional banks and Islamic banks (Abubakar & Adiyyah, 2018). Another work IJIEG | 5 under review was that of Maryam in which she investigates capital access strategies and enterprise growth among selected women entrepreneurs in Sokoto metropolis.…”

Section: Review Of Literaturementioning

confidence: 99%

The impact of Islamic Finance towards Socio-Economic Development of Sokoto State - Nigeria: Problems and Prospects

Bala

2023

IJIEG

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This research is on the impact of Islamic Finance towards the Socio-Economic Development of the Muslim Community in Sokoto State of Nigeria. The purpose of this research is to highlight the role played and contributions gained from the practice of Islamic Finance and also to explore possible challenges experienced so far with the hope that such challenges will be overcome in the near future. The research results revealed that although Islamic finance was practiced in Sokoto for over two hundred years, a lot still needs to be explored from the contemporary practice of Islamic Finance being experienced globally to achieve the desired socio-economic development. The research finally concluded by drawing the attention of the government and people of Sokoto State to explore more avenues in utilizing Islamic Finance window so that there will be paradigm shift from the shackles of conventional finance experienced over the years.

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“…Comparatively, North-West in 2016 was 56% per cent and increased in 2018 to 62% (Anthony-Orji, Ogbuabor, & Onoh, 2019). Abubakar (2020), Islamic financial service enhances the social, supply and demand financial influence in Northern Nigeria. To conclude, this study is also considered among the first attempts to assess the relationship between three theories which include vulnerable theory, financial literacy theory and public service theory, in addressing Financial Exclusion with related variables such as religiosity, poverty, the attitude toward government policy, awareness, and Islamic financial institution.…”

Section: Introductionmentioning

confidence: 99%

Islamic Financial Institutions as Solution to Financial Exclusion in Northern Nigeria: A Model Development

2022

ijibm

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The study is to assess the causes and barriers of financial exclusion using three theories, including vulnerability theory (Poverty and Religiosity), financial literacy theory (Awareness), and public service theory (Attitude of Government Policy), to evaluate the relationship between the Islamic financial institutions and financial exclusion in Northern Nigeria. The study adopted a random sampling method with 450 respondents using Confirmatory Factor Analysis under Structural Equation Modelling (SEM) and SPSS. The study indicates the positive relationship between the three theories and financial exclusion and further identified some theoretical contributions indicating highly influential relationships between the predicted variables of the above theories. The study further identified the most significant contribution to the financial institutions by developing relevant literature to sort out the issues and challenges behind financial exclusion in Nigeria. Islamic financial institutions are considered a phenomenon and solution to this current issue of financial exclusion. The present study developed an integrated model which defines financial exclusion and its approach through three theories in addressing financial exclusion in Nigeria. It is also considered among the country's first attempts to solve financial exclusion.

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Using Islamic Banking to Improve Financial Inclusion in Selected States of Northern Nigeria: The Case of Jaiz Bank PLC

Cited by 3 publications

References 9 publications

Financial Statements Fraud of Banks and other Financial Institutions in Nigeria

Financial Statements Fraud of Banks and other Financial Institutions in Nigeria

The impact of Islamic Finance towards Socio-Economic Development of Sokoto State - Nigeria: Problems and Prospects

Islamic Financial Institutions as Solution to Financial Exclusion in Northern Nigeria: A Model Development

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