Policy on Utilization of Islamic Financial Instruments as an Empowerment and Panacea to Fiscal Stability of Intending Couples in the OIC Nations

Authors

  • Yusuff Jelili Amuda
  • Abdulqader Al-Khateeb

Abstract

It has become Irrefutable fact that Islam has come with remedy to human problems and challenges. All the facets of life experiencing challenges ranging from social life, family interactions, marital relationships, moral ethics, economic and financial aspects are being catered by one Islamic policy or the other. These various policies have brought ease and comfort of life to many households who care to take the advantage. Records have even shown that some of the policies are even taken up irrespective of individual marital status especially the Islamic financial policy.  Against this background, this research article is written to unveil the Islamic financial policy been upheld by the intending couples. The Islamic financial policies will be identified and subjected to brief review with investigation and see how the utilization of the policy has constituted a panacea to fiscal stability of intending couples. The main characteristics of the Islamic banking system are made for the purpose of enhancement of equity, participative principle, and hazardous distribution through business transactions, bearing the sudden risks and facilitating the compact supports for upholding financial stability. Consequently, this article identifies possible remedies to the deterred financial stability of the intending couples among youths of the OIC countries through investigative analytical research methods. Hypothetically, the article affirms a genuine outcome in its findings that intending couples have the social rights to enjoy through the policy of the instruments of Islamic Financial Institutions as facilitated in the divine guidance.

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Published

2024-02-02

How to Cite

Amuda, Y. J. ., & Al-Khateeb, A. . (2024). Policy on Utilization of Islamic Financial Instruments as an Empowerment and Panacea to Fiscal Stability of Intending Couples in the OIC Nations . Migration Letters, 21(4), 504–514. Retrieved from https://migrationletters.com/index.php/ml/article/view/7527

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Articles