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Islamic Banking Institutions in Kano Metropolis: Challenges and Prospects


Adeyemo Wale Lateef1*, Onikosi Ahmeed Adedeji2, and Abdullateef Islamiyyat3 

1Dept. of Islamic Law, Faculty of Law, Islamic University, Uganda; 2Dept. of Islamic Law, Faculty of Law, Alhikmah University Ilorin Nigeria, Nigeria; and 3Dept. of Islamic Studies, Al-Qalam University, Katsina, Nigeria. 

*Correspondence: adeyemo.wa@iuiu.ac.ug (Dr. Adeyemo Wale Lateef, Lecturer, Dept. of Islamic Law, Faculty of Law, Islamic University, Uganda).

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ABSTRACT 

This research work investigates the Islamic banking institutions in the Kano metropolis: challenges and prospects. The research work identifies the problems or challenges and prospects faced by the said institutions in Kano Metropolis. It employed a descriptive survey in carrying out the study. Questionnaires were administered to the members of staff and the customers that opened and maintained active accounts in the Islamic banks. The findings revealed that the challenges faced by non-interest banks are less awareness by the customers, fewer investors, and less understanding of the products by the customers. The findings also revealed that the prospect of the banks in the Kano metropolis is to build a sustainable ethical bank through exceptional services, to be the best bank in Nigeria, to help the entire nation, and to become a clear in ethical finance in sub-Sahara Africa. The study recommends that Islamic banking institutions should create and improve more ways of awareness and marketing strategies in order to capture the uninformed peoples that are willing to patronize their products and services through advertising, conference, seminars, and customer forums should be organized by the banks in order to have more customers, more investors, more patronized by the Muslims, and non-Muslims. 

Keywords: Shariah Law, Islamic banking institutions, Customer awareness, and Kano metropolis.

Citation: Lateef AW, Adedeji OA, and Islamiyyat A. (2023). Islamic banking institutions in Kano metropolis: challenges and prospects, Can. J. Bus. Inf. Stud., 5(2), 49-62. https://doi.org/10.34104/cjbis.023.049062


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