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Research Article
Vol. 43, Issue 1
AN EXAMINATION OF THE PENALTY FOR DELAYED PAYMENT IN FINANCIAL OBLIGATION IN NON-INTEREST FINANCIAL INSTITUTIONS IN NIGERIA
Islamic Finance has distinguished itself from other financial systems by its compliance with Shari’ah principles and rulings. Shari’ah compliance is what distinguishes an Islamic financial institution from a conventional financial institution. The conventional financial system handles default in payment of financial obligation by charging interest ...