Religion and Financial Economy of the World: How the Present Reflect True Godliness

Abstract

Religion has been found to have a significant impact on the economic well-being of individuals, families and by extension financial economy the world. One's level of income and wealth has been found to be significant in determining a person's financial literacy. This paper therefore seeks to review the history and present on how Religion has help shape financial economy of the world and how the present possibly can be improved upon to reflect true Godliness. The study adopted content analysis and desk review method. The study found that the contribution of religion is enormous and the economy of the world has been impacted positively with the flow of income and wealth of the nations. In Nigeria, all sectors of the economy has witness positive religion contributions and has brought about sustained growth in most especially educational sector where most private universities ae faith–based. This study concluded that the place of religion in financial economy cannot be underestimated in functionality of all sectors of the economy of throughout the world.