A Critique of Local Business Practices in Ilorin: The Islamic Economics Paradigm
| dc.contributor.author | Bello, Khalid Ishola | |
| dc.date.accessioned | 2025-02-11T09:38:12Z | |
| dc.date.available | 2025-02-11T09:38:12Z | |
| dc.date.issued | 2019 | |
| dc.description.abstract | Due to limited resources at their disposal, they interrelate and are interdependent on one another to have their needs satisfied through continuous engagement in various activities one of which is “business”, trade or commerce. Ilorin popularly known as city of Islamic heritage is also a center of commercial activities having numbers of major and minor markets. The participants in the marketplaces are dominantly Muslims. Their practices are under the two main influences of economic potential and religious values. There are some business practices known with Ilorin people which have been practised from time immemorial till the present day. Such practices include: Paaro, (exchange), Madamada (payment in installment), Dilali (third party business) among others. It is the aim of this research work to examine conditions of those business practices by identifying the area of conformity and the discrepancies between local business practices in Ilorin and Islamic values and ethics. Descriptive and field work methods are adopted via the use of primary and secondary sources. The practice of paaro is line with Islamic general rule while madamada fluctuates between acceptance and rejection. Dilal attracts divergent opinions from scholars. | |
| dc.identifier.citation | Bello, K. I. (2019): A Critique of Local Business Practices in Ilorin: The Islamic Economics Paradigm. Islamic University Multidisciplinary Journal (IUMJ). 6 (5): 122-130 | |
| dc.identifier.uri | https://kwasuspace.kwasu.edu.ng/handle/123456789/4307 | |
| dc.language.iso | en | |
| dc.relation.ispartofseries | 6; 5 | |
| dc.title | A Critique of Local Business Practices in Ilorin: The Islamic Economics Paradigm |