Kwara Governor harps on positives of Islamic banking

Date: 2017-09-13

KWARA state governor, Mr Abdulfatah Ahmed says Islamic banking provides a feasible alternative to conventional banking and is open to all irrespective of race or religion.

Speaking in Ilorin at the Jaiz Bank's customer awareness forum organized to sensitize the public and enlighten them on the importance of Islamic banking in the economy.

Represented his Commissioner of Finance Engr Ademola Banu, the governor said Islamic banking offers a lot of opportunities because it promotes sharing of loss and profit and also prohibits collection or payment of interest.

He said: "Islamic banking offers a range of financial products and services that are interest-free, devoid of gambling and unacceptable risk, and are of benefits to both the banks and customers. It also promotes wealth and income distribution. I am, therefore, delighted that Jaiz Bank is coming up with this customer awareness/interactive session that is designed to sensitize and educate the general public on the opportunities and importance of non-interest banking.

"Without doubt, programmes such as this will further raise public awareness about non-interest banking and also increase people's patronage of Islamic banking. I urge Jaiz Bank to continually hold for a like this to educate people on advantages and the need to patronize Islamic banking as it provides a feasible alternative to all irrespective of race or religion."

Speaking at the event, the Managing Director/CEO of Jaiz Bank Hassan Usman said he is optimistic about the future of the bank and therefore urged everyone irrespective of their religious background to key into the model.

Usman said: "Gradually, we kept surpassing our challenges and are waxing stronger. Looking at what we have achieved over the short existence as a bank, I have a strong faith that Islamic Banking is going to command a lot of respect and a force to reckon with in this country in the nearest future."

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Olayinka Olaogun     Michael Nzekwe     Maryam A. Garuba     Falokun-Oja     Abdullahi Dasilva Yussuf     CCEPE     Saraki     Dorcas Afeniforo     Kolo     Victor Gbenga Yusuf     Kulende     Opobiyi     Yusuf Zulu-Gambari     Farouk Salim     Kabir Shagaya     AGF Abdulrazaq     Democracy Day     Awodun     Mohammed Ghali Alaaya     Kwara State Coalition Of Business And Professional Associations     Quareeb     Mohammed Jimoh Faworaja     Ileloke     Abdulraheem Olesin     Nupe     Fatimoh Lawal     Iyabo Dupe Adekeye     Naira Redesign     Hakeem Idris     Bayo Ajia     NaAllah     Amuda Bembe     Lola Ashiru     Abdulwasiu Bolaji Adeyi     Maimunat Oloriegbe     Kwarareports     Sunday Otokiti     Dankaka     Akom Construction And Engineering Synergy Ltd     Vasolar     Amoyo     Computer Based Test     Peter Amogbonjaye     Kwara North     Iyeru Grammar School     Gbenga Olawepo     Oloyede     Mohammed Ajia Ibrahim     Garba Ayodele Wahab     Abdul-Rahoof Bello     Agor Market     AbdulRauf Keji     Ijagbo Health Centre     Kassim Babamale     Read With Me     Bola Ahmed Tinubu     Umar Ahmed Gunu     Javed Khan     Habeeb Saidu     Oke-Ode     Lanre Issa Onilu     KWSIEC     IsDB     Abubakar Baba Sulaiman     Shuaibu Yaman Abdullahi     Village Alive Development Association     ER-KANG Mining     SGBN     Doyin Group     Wahab Egbewole     Emir Of Shonga     Lawal Olohungbebe     Amos Sayo     Isiaka Abdulrazak     Medview Airlines     Sam Okaula     Turaki    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Salihu S. Yaru     Rueben Parejo     SDP     Code Of Conduct Bureau     Erin-ile     Alimi Abdulrazaq     Adamu Ibrahim Sabi     Basit Olatunji     Galland Marcias     Oke Sunna     Saidu Yaro Musa     Kwara 2015     SAPZ Project     Kuliyan Geri     Adebara     MINILS     Segun Adeniyi     Fatai Adeniyi Garba     Mumini Ishola Hanafi     Haliru Dantoro     Boko Haram     Ayo Adeyemi     Alaiye     Gobirawa     Mahmud Ayinla Giwa     EndSARS     Bisi Oyeleke     Offa     Bolakale Saka     Nurudeen Muhammed     Balogun Gambari     Hussein Oloyede     Noah Yusuf     Y.A. Abdulkareem     Bola Olukoju     Kayode Alabi     Yakub Lai Gobir     SSA Youth     Maimunat Oniyangi     Roseline Oni Aremu     Rebecca Olanrewaju     Borgu     Rafiu Ibrahim     Aliyu Salihu     Ademola Kiyesola     Alabe     Tosho Yaqub     HICA     Baba Issa     Ayodele Olaosebikan     Ibrahim Abikan     David Oyedepo     Abdul-Rasheed Na\'Allah     Ilorin West     Kwara State Branch Of The National Library     Tunde Yusuf     NITDA     Abdulhakeem Adelaja Amao     Isau     Hassan Abdulazeez Elewu     Admiralty Villa     Sheikh Ridhwanullah El-ilory     Abdulmutalib Shittu     Raji Ayodele Kamaldeen     Baaziki Sulaiman     Funke Adedoyin     Jaiz Bank     Farouk Salim     ASMAU PLAZA     Mufutau Gbadamosi Esuwoye     Twitter     Al-Adaby     Rotimi Oyedepo     Split Diamond Interchange     Akume     Tafida Of Kaiama     Igbaja