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.

Anilelerin     NAWOJ     Folajimi Aleshinloye     IYA ALFA NLA     Adeleke Ogungbe     Amuda Musbau     N-Power     Ajibike Katibi     Ilorin Like-Minds     Kwara     Modibo Kawu     Kamaldeen Ajibade     Abdulsalam Firdaous Amosa     Tricycle Owners Association Of Nigeria     Obuh     Oloruntoyosi Thomas     NTA Ilorin     Erin-ile     Bankole Omishore     Ilorin Emirate     Yetunde Balogun     Facemasks     Mutawalle     Abubakar Suleiman     Saheed Alakoso     Yunus Oniboki     Durbar     Susan Modupe Oluwole     Magaji Erubu     Gwanara     Roseline Oni Aremu     Earlyon Technologies     Olatunde Oyeyiola     Abdulmumini AbdulRazaq     Abdulrazaq Akorede     Ayo Salami     Ahmad Belgore     Law School Scholarship     Michael Ologundea     Gabriel Fashanu     Micheal Imoudu     Aminu Ado Bayero     Mahmud Durosinlohun Atiku     Yusuf Arowosaye     Jumoke F. Ajao     Garba Dogo     AbdulRazaq Jiddah     Cornelius Adebayo     Oke-Ode     Folorunsho Erubu     Ajibola Saliu Ajia     Oasis Muslim Care Foundation     Bareke     Idris Amosa Oladipo Saidu     Ahmad Fatima Bisola     Mubarak Oladosu     Opolo Global Innovation Limited     Local Government     Gbajabiamila     Basic Education Certificate Examination     Tanke     Ilorin Muslim Community     Bond     Aishat Mohammed Lawal     College Of Arabic And Islamic Legal Studies     Elesie Of Esie     Federal Neuro-Psychiatric Hospital     Yahaya Seriki Gambari     Soffiyyallah Kamaldeen     Taibat Ayinke Ahmed     Theophilus Oyebiyi     Haruna Olawale Sulaiman     Lukman Adeloyin     Elerinjare-Ibobo     A.E. Afolabi     Malete     Olaosebikan    

Cloud Tag: What's trending

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

Col. Adedipe     Post Utme     Malete     Aliyu Kora Sabi     Salake     Nigeria Computer Society     Kawu     Yahaya Seriki     Mohammed Ghali Alaaya     Belgore     Chief Of Staff     Oko     Joseph Alex Offorjama     Kwabes     Aremu Bose Deborah     Yusuf Badmus     Gafaru Olayiwola Olorisade     Bolaji Gambari     Kisira     Ekweremadu     Taofik Abiodun Ahmed     Joseph Yemi Ajayi     Harrison Osauwagboe     Societe Generale Bank Of Nigeria     EndSARS     Apaola     Muazam Nayaya     11th Galadima     Oyun     Mogaji Aare     Shettima     International Public Sector Accounting Standards     Ibrahim Oniye     IHS     UTME     Laboratory-to-Product     Mustapha Olanipekun     Abdulrahman Abdulrazaq     New Model Police Station     Imam Gambari     Oloje     Plat Technologies Limited     Umar Ahmed Gunu     Busari Toyin Isiaka     TIC     SSA Youth     Tafidan Kaiama     Salau Kabiru Abdullahi     African Democratic Congress     Atunwa     Ilorin International Airport     JMK Construction Company Limited     Pilgrims Board     Elesie Of Esie     Kwara Pdp     Mumeen Lah     CCEPE     Garment Factory     Adedayo Yusuf Abdulkareem     ITP     Ahmed Shuaib Buranga     SDP     Ajike People Support Centre     Raymond Olaitan     Oba Of Jebba     Segun Abifarin     MalHub     Olayinka Oladapo Jogunola     Fulani     COEASU     Ilorin Talaka Parapo (ITP)     Mope Dasuki Belgore     Abdulrazaq Solihudeen     Yomi Ogunsola     Haliru Dantoro     Suleman Abubakar     Ishaq Abdulkarim