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The study investigates the impact of monetary policy on the growth and financial performance of Islamic Banks in Nigeria. Data from selected Islamic Banking institutions we used for the research. The study employed the Robust Least Squares and Panel Robust Least Squares methods to analyse the data. The results showed that on the specific Banks', monetary policy significantly impact on the growth and financial performances. However, considering the panel result, monetary policy impacted insignificantly on the Banks which reflects the disparity in the strategies adopted by the individual Banks in their operations. Thus, it is important that to mitigate any negative impact on the sector as a whole i.e., in respect of growth and financial planning of Islamic banks in Nigeria, plans are made to address the impact of the unstable monetary policy landscape, with a view to introducing dual monetary policies, with one of the windows specifically tailored at meeting the needs of Islamic banking.
About the author
Isah Yusuf Aruwa es un consultor experimentado con más de 12 años de experiencia laboral en la prestación de apoyo a empresas (nacionales y multinacionales) de diversos sectores en Nigeria. Este trabajo de investigación se presentó en cumplimiento parcial para la obtención de una Maestría en Ciencias Financieras en la Universidad de Caleb, Imota, Lagos Nigeria.
