IDEAS home Printed from
   My bibliography  Save this article

A Review of Islamic Financial Planning Process in Oman and Nigeria


  • Abdul Azeez Oluwanisola Abdul Wahab


This study discussed the issues of Islamic financial planning process in Oman and Nigeria. The study reviews Islamic financial planning as an embryonic financial sector in the market which needs backing and support by the regulators, practitioners and other stakeholders. However, the study focused on the method with which Oman and Nigeria can capitalize on the global recognition of Islamic financial status to push further the boundaries of Islamic financial planning along with the growth of Islamic finance which is as well a new development in both countries. Islamic banking was just started in Oman in 2013 with the launching of two full-fledged Islamic banks after being issued a license by the Central Bank of Oman (CBO) to offer shari’ah-compliant products through their branch networks while in Nigeria the introduction of Islamic banking is part of a drive by the Central Bank of Nigeria (CBN), to propel Nigeria’s economy and promote financial inclusion with the introduction of alternative products. Thus, this study used qualitative method through library research and it can help to contribute in the knowledge development of wealth management and financial planning in both countries.

Suggested Citation

  • Abdul Azeez Oluwanisola Abdul Wahab, 2014. "A Review of Islamic Financial Planning Process in Oman and Nigeria," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 2(8), pages 383-390.
  • Handle: RePEc:rss:jnljms:v2i8p5

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Jean Yves MOISSERON & Bruno Laurent MOSCHETTO & Frédéric TEULON, 2014. "Islamic finance: a review of the literature," Working Papers 2014-93, Department of Research, Ipag Business School.
    Full references (including those not matched with items on IDEAS)


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rss:jnljms:v2i8p5. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Danish Khalil). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.