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This position matches well with the shift in social scientific thought from viewing corruption as ‘grease that oils the economic wheels’ to a ‘menace that undermines economic growth.’ Where the two differ is with respect to remedial action. The Western approach focuses on designing systems and institutions that seek to root out corruption while minimising opportunities and enticement for corruption. In short, it emphasises constraints external to the individual.
It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall. As described in Surah al-Fajr verses 15-20 as social upheaval, corruption itself is not only a matter of money but also moral matters that have been damaged and the loss of self-confidence.
Corruption that is widely practised in this Muslim-majority country has significantly impacted Islamic banking. This disease of corruption has prevented Islamic banking from becoming a more effective and meaningful pathway for poverty alleviation and economic development. And a solid legal system can increase perceptions of control over corruption cases.
In 2022 alone, media reports estimate about 4,545 people were killed while another 4,611 were kidnapped by non-state actors. Gunmen have attacked several government buildings mosques and churches across the country, leaving many people dead. Corruption is a malignant cancer that eats away at the very fabric of a nation, and one of the most devastating effects of corruption is its impact on economic growth. When corruption is rampant in a society, it creates an environment of uncertainty and instability that discourages investment and stifles economic growth because it undermines the rule of law, erodes public trust in government institutions, and creates a culture of impunity where those in power can act with impunity.
Corruption has a detrimental impact on political stability. When corruption is rampant within a government, citizens lose faith in their leaders and the political system as a whole, thereby leading to protests, civil unrest, and even violent uprisings. In addition, corrupt officials often use their power and influence to suppress opposition and dissent, further eroding political stability.
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