Faith, Finance, and the Constitution: Pluralism Under Pressure Islamic Accounting and the Rights of 240 Million Nigerians
Faith, Finance, and the Constitution: Pluralism Under Pressure Islamic Accounting and the Rights of 240 Million Nigerians By Daniel Nduka Okonkwo Nigeria is a deeply multicultural society, religiously, culturally, and legally. With an estimated population of over 240 million people, the country is home to Christians, Muslims, and adherents of traditional belief systems, all of whom are constitutionally guaranteed equal protection under the law and freedom of conscience. It is against this scenery that the growing discourse around the integration of Islamic (Sharia-compliant) accounting into Nigeria’s broader accounting and financial system raises fundamental constitutional, ethical, and governance questions. Islamic accounting may be coherent within Islamic jurisprudence, but the real concern is whether a faith-based system should be elevated within Nigeria’s national accounting framework. As a secular and religiously diverse country, adopting a religious accounting model risks privile...