Browsing by Author "Afolabi, H. O."

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    Islamic Financial Services and Profitability of Islamic Banks
    (University of Turin, Italy, 2026) Jimoh, Abdulrazaq Taiye; Ajijolakewu, S. A.,; Attah, J. A.; Afolabi, H. O.; Sanni, I.; Osunkule, U. A.; Abdulmajeed, T. A.; Khaleel, S. A.
    The adoption of shariah-compliant financial services has been reflected in Islamic banking’s contribution to the growth of the Islamic financial market in recent years. However, Islamic banks occupy a small share of domestic banking markets worldwide. The low market share has raised some questions regarding the profitability of various Islamic financial services. This study, therefore, examined the effect of Islamic financial services on the profitability of Islamic banks in selected countries. Specifically, the study assessed the effects of exchange-based, equity-based, fee-based, and supporting financial services on the profitability of Islamic banks. Quarterly data were collected from the Islamic Financial Services Board (IFSB) database between 2014Q1 and 2022Q4. Fixed Effects Regression analysis was used to analyse the data. The study found that Murabaha (coef = 0.12, p = 0.004), Istisna' (coef = 0.03, p = 0.001), Musharaka (coef = 0.09, p = 0.000), and Ijarah (coef = 0.05, p = 0.000) had positive, significant effects while Mudharaba (coef = −0.25, p = 0.021) and Qard Hasan (coef = −0.68, p = 0.007) had negative effects on Islamic banking profitability in selected countries. The study concluded that exchange-based, equitybased, fee-based, and supporting financial services had a significant impact on the profitability of Islamic banks. It was therefore recommended that Islamic banks focus on providing excellent customer service to enhance customer satisfaction and loyalty, thereby increasing their profitability.
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    REMITTANCES AND CHILD MORTALITY RATE IN NIGERIA: AN ARDL APPROACH
    (Department of Marketing, Veritas University, Abuja, 2022) Afolabi, H. O.; Kolawole, K. D.
    International remittance leads to various social, economic, and cultural developments in the world. Yet, the average cost of sending remittances to Nigeria through the formal channels is very high compared with a global average cost of sending remittances in other developing economy. Hence, the study examined the impact of international remittances on child mortality rate in Nigeria. In order to achieve the research objectives, secondary data was from the World Development Indicators. Autoregressive Distributed Lag Model was used to analyze the obtained data. The study revealed that remittances impact on child mortality in Nigeria with coefficient value of 0.000343 and at 5% significant level. The study concluded that remittances influences child mortality in Nigeria. The study therefore, recommends that families who get these remittances should utilize the extra pay to take care of the issues strength of family individuals.