International Journal of Social Research and Development

authors
Falmata Baba Abba

abstract
The aim of Islamic regulation is not limited to the success in the hereafter alone, it involves the success in the material world. The search for al-falāḥ is, thus, multi-dimensional, not forgetting the spiritual or belittling the mundane. Revelation, therefore, serves as a guide for human reasoning in search for worldly success and stability. Nigeria has experimented many secular based ideologies and development plans which did not culminate into the desired results. From 1962 to date Nigeria has formulated at least seven development plans. This paper suggests the investigation of the Islamic economic dogma which core is to ensure the reduction of poverty and creation of a just and egalitarian society, in which growth and development in spiritual and material realms is accomplished. The array of religion in Nigeria may seem to advocate an obstacle to the exploration of the Islamic precepts, due to the overstatement and sentiments that are involved to religion in Nigeria today. The decent spreading of information about the Islamic economic principles and its benefits by specialists will improve the thought about it, taking into cognizance its acceptability in many multi-religious and non-Muslim societies. This paper analyses the economic hitches in Nigeria and reveals how the Islamic values can provide lasting answers and constancy.