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.

Tafida     Abatemi-Usman     Tescom.kwarastate.gov.ng     Aliyu Muhammad Saifudeen     Abiodun Jacob Ajiboye     Tunde Yusuf     JUSUN     Diagnostic Centre     Oluwole Dupe     Ndama Al-hassan     Saliu Tunde Bello     Abioye Bello     Abdulkadir Jimoh     Shehu Alimi Foundation     Oke-Kura     Nupe     Playing Host     Saka Saadu     AbdulRauf Keji     Tsado Manman     Gbajabiamila     Ballah     Jare Olatundun     Muslim Cementary     Ahmad Fatima Bisola     Ramat Oganija     Edu     Special Adviser On Digital Innovation     Razak Atunwa     Okin Group     Mohammed Alabi Lawal     Aisha Abodunrin Ibrahim     Ayekale     Trader Moni     New Model Police Station     Adedipe     Abubakar Aliagan     Kwara University Of Education     Christopher Tunji Ayeni     Obuh     Kwara Metro Park     Mohammed Abduraheem     Omu Aran     Adedeji Onimago     Oloruntoyosi Thomas     Erin-ile     Marafan Shonga     MAI Akande     Yomi Adeboye     Abubakar Abdullahi Bata     Ajeigbe     ER-KANG Mining Nigeria Company Limited     Salman Suleiman     Habeeb Abdullahi Al-Ilory     MalHub     Abubakar Ndakene     Salake     Umaru Saro     Unilorin FM     ER-KANG Mining     Kupchi Hosea Maxwell     Balogun Fulani     Ibrahim Oloriegbe     2017 Budget     Siraj Oyewale     Eleja Taiwo Banu     Seni Saraki     Adaramaja     Bamidele Adegoke Oladimeji     Abdulrazaq Akorede     Javed Khan     Kannike     Aminat Ahmed     Umar Ahmed Gunu     Haliru Yahaya     Kuliyan Geri     Mohammed Khadijat Kubura    

Cloud Tag: What's trending

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

Iliasu     Talaka Parapo     Share-Tsaragi     NIRSAL     Oyedepo     Nnazua     Bamidele Adegoke Oladimeji     Apaokagi     Offa Poly     Ike Ekweremadu     Umar Saro     Kunle Suleiman     New Model Police Station     Sarah Jubril     Abdulfatai Salman Baakini     Trade Lenda SME Fair     Abubakar Atiku     Omotosho     Afolabi-Oshatimehin     Imodoye Writer’s Enclave     Adedeji Onimago     Baba Adini Of Kwara State     Kabir Shagaya     Abubakar Abdullahi Bata     Shonga Farm Project     Islamic Development Bank     Babatunde Idiagbon     Offa Descendants Union     Baboko Primary School     Adesoye     Doyin Agbamu     Gbajabiamila     Mahmud Durosinlohun Atiku     Kpotum Mohammed Baba     Raymond Olaitan     Mutawalle     ENetSuD     Harmony Holdings     Dar-Al-Handasah Consultants Ltd     C2c@kwarastate.gov.ng     Mohammed Haruna     Siddiq Adebayo Idowu Salawu     Sulyman Age AbdulKareem     Christopher Tunji Ayeni     FERMA     Ilorin West     Harrison Osauwagboe     AbdulRaheem Ahmad Shayi     Oke-Kura     Yahaya Abdulkareem     Shero     Abdulsalam Firdaous Amosa     Kwara Teaching Service Commission     Modibo Kawu     Gobir Organization Foundation     Taofik Abiodun Ahmed     Hassan Oyeleke     Aso-ofi     Azeez Salawu     Wahab Agbaje     Kumbi Titiloye     Olanrewju Okanlawon Musa     Mahee Abdulkadir     Mary Arinde     Ahmed Saidu Rufai     Special Adviser On Digital Innovation     Femi Ogunsola     Haruna Olawale Sulaiman     Taofik Abdulkareem Babaita     Abubakar Lah     Azeez Bello     Yemi Sanni     Yusuf Ali     Al-Adaby     College Of Arabic And Islamic Legal Studies     Oba Abdulraheem     Olaitan Adefila