How Shari’ah Compliant is Islamic Finance? The Nigerian Regime as a Scenario - Business Law Review View How Shari’ah Compliant is Islamic Finance? The Nigerian Regime as a Scenario by - Business Law Review How Shari’ah Compliant is Islamic Finance? The Nigerian Regime as a Scenario 45 2 Islamic Finance began its modern history some decades ago. Since then it has achieved impressive results and made inroads into the conventional financial system. The premise of the Islamic Finance paradigm is in fact founded on Maqasid al- Shari’ah (objectives of Islamic law) which establish the socially responsible vision and objectives of the Islamic Financial system. The basic requirement of Islamic Finance is compliance with Islamic law. This article investigates whether the principles of Shari’ah which underpin Islamic Finance are being complied with. The methodology of the study is both doctrinal and qualitative. The study finds the need for strict adherence to the principles of Shar’ah in the midst of tempting accommodation of Conventional Financial principles. Since the inherent strengths of Islamic Finance contributed to its viability and resilience, the study recommends that this foundation be enhanced for its sustainability as a competitive form of financial mediation. The sourcing of sufficiently skilled experts in finance and Shari’ah, continuous human capital development and massive awareness campaigns, among others, cannot be overemphasized. Business Law Review