Islamic Perspective on the Impact of Ethics and Tax for Nigerian Economic Development
The relationship between taxation, ethics, and economic development is crucial, especially in developing nations like Nigeria. Islamic principles of ethics and taxation, rooted in Sharia law, present a compelling framework for addressing Nigeria’s economic challenges. Islamic taxation, primarily through Zakat, intertwines religious duty with socio-economic responsibilities, promoting justice and equity. Historically, Northern Nigeria effectively utilized Islamic taxation, which facilitated community welfare and management. Reintroducing these principles could enhance tax compliance, reduce poverty, and foster social justice, offering a sustainable development model for Nigeria.