For correspondence:-
Received: September 2, 2020 Accepted: September 28, 2020 Published: September 30, 2020
Citation: Public Perception of the Role of CBN in the Establishment and Operation of Islamic Banks in Nigeria. Account Tax Rev 2005; 4(3):120-138 doi:
© 2005 The authors.
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Abstract
The study focused on public perception of the role of CBN in the establishment and operation of Islamic banks in Nigeria. The study sample composed of 100 questionnaires, eighty-five per cent of which were returned and functional. SPSS version 18.0 was employed and the data collected were subjected to statistical analysis and one-sample, and independent-sample t-tests were used for analyses. The finding revealed that the CBN's role in establishing and operating Islamic Banking in Nigeria is irrelevant. Nonetheless, this result is categorised as Type II error since it contradicts the established theoretical and empirical evidence in the world of central banking Certain findings suggest that the CBN should actively encourage appropriate Islamic banking studies, further improve the legal framework of Islamic banking and that the CBN should partner with the Judiciary in creating Shariah courts to adjudicate Islamic cases.
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