Exploring the development of Islamic banking in Nigeria using an actor-network theory perspective

Sa'id, Hadiza

Abstract

Purpose – The purpose of this paper is to investigate the evolution of Islamic banking in Nigeria. Design/methodology/approach – The paper adopts a qualitative approach using 25 semi-structured interviews together with documentary analysis in order to analyse how Islamic banking has evolved in Nigeria. Findings – The paper demonstrates that the evolution of Islamic banking in Nigeria arose from a relationship between various human and non-human actors. The development was shaped by the Nigerian socioeconomic environment, particularly the wealthy Muslim segment and the poor performance of the economy. Originality/value – The paper differs from previous studies on the development of Islamic banking in two ways. First, it provides a contextual account of the various factors that have influenced the development of Islamic banking in Nigeria, a sub-Saharan Africa country for which research on Islamic banking is sparse. Second, the paper is unique in analysing how Islamic banking emerged as a process of actor-network formation.

Citation

Sa'id, H. (2020). Exploring the development of Islamic banking in Nigeria using an actor-network theory perspective. Journal of Islamic Accounting and Business Research, https://doi.org/10.1108/JIABR-02-2018-0027

• Journal Article Type: Article
• Acceptance Date: Mar 1, 2019
• Online Publication Date: Jan 13, 2020
• Publication Date: Jan 13, 2020
• Deposit Date: Mar 12, 2019
• Publicly Available Date: Feb 14, 2020
• Print ISSN: 1759-0817
• Publisher: Emerald
• Peer Reviewed: Peer Reviewed
• DOI: https://doi.org/10.1108/JIABR-02-2018-0027
• Keywords: Islamic banking; Nigeria; Actor-network theory; Islamic finance
• Public URL: https://hull-repository.worktribe.com/output/1358036
• Contract Date: Mar 13, 2019