Analysis of the Basic Principles of Islamic Economic Banking System in Nigeria
The study examines basic principles of Islamic economic banking system, the work is to bringinto focus viable methods by which an interest free banking will mobilize savings and idle fundsof an economy and make them available for use without engaging into “riba” or (interest). Thestudy put emphasis on the need to correct the impression not only throwing light on thealternative mode of carrying out banking system without interest, but also to analyze otheraims and objectives of an Islamic economics and banking as an instrument of monetary policyin an Islamic economy, the study cover areas or an Islamic economics system which includeits distinction from other ideologies (for instance, communism, capitalism) as well as the roleof Islamic banking in an Islamic economic set tip

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