Gross inequalities of income and accumulation of unjust wealth as widely existing amongst individuals and nations of the world are not in consonance with the spirit of Islam, especially as it has a unique commitment to human brotherhood and to social and economic justice. These phenomenon could only destroy rather than foster the feelings of brotherhood that Islam wishes to create. There is no reason why they should remain concentrated in a few hands by depriving others, particularly because all resources are "gifts of God to all human beings" according to the Quran (Chapter 2 vs 29).
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The variations in economic crimes such as advance fee fraud, embezzlement, money laundering, bribery and cyberspace fraud do not in any way seek to guarantee security of individuals or public properties. Contrarily, they substantially add to the economic distress while also subtracting resources meant for individual and national economic development. They represent criminal offences against properties and are therefore regarded as wrongful modes of earning.
The ways of making money approved and disapproved by the Quran are Halal (allowed) and Haram (disallowed) respectively. The Quran says:
"and do not consume one another's wealth illicitly" (Chapter 2 vs 188)
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Whatever system or practices causes a gain for one man but causes loss for another is forbidden by Islamic principle. These two elements (gain and loss) are featured in the various corrupt economic practices mentioned above. So, they are all regarded as illicit means of earning.
The criminal practice of smuggling public wealth out of the nation's economy - money laundering, which is the peak of global crime is calculated as an act of stealing. Being sourced from public funds, which must not be illegally consumed nor diverted, the Islamic law legislates against it just like the other fraudulent practices. The Islamic law does not tolerate criminally generated profits from joining the whirlwind of global financial flow because they came from "dirty sources" and can never be clean even if and when integrated into legal economy.
The Quran says:
"the illicit can never equal the illicit, no matter how attractive the plentifulness of the illicit is... (Chapter 5 vs 100).
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In a nutshell, Islam denounces all these corrupt practices. However, when these crimes are noticed in overwhelming proportion within a nation, they tend to be potent enough in damaging the (economic) goodwill (image) of such a national environment. These are the results of the absence of an ideal economic practice and justice. It then becomes necessary to correct such a negative image, when it inevitably occurs. Meanwhile, Islam does not approve of wastefully expending on such an elaborate project, such as that embarked upon some years back by the Nigerian government under the Obasanjo/Atiku administration, to which millions of dollars were being deployed.
From an Islamic view, the Nigerian situation is demanding for an effective scheme aimed at cleaning up her image. This is necessary because despite the spirit of resilience displayed by most Nigerians, her citizens hover at the edge of survival, living in slums and doing menial jobs in its massive informal economy; extortion, picking garbage, prostitution e.t.c.
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