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.

LAK Jimoh     Sulyman Buhari     Maigidasanma     Oluwole Dupe     Bisi Oyeleke     Facebook     07039448763     Abiodun Jacob Ajiboye     Woro     Abatemi-Usman     Bolaji Aladie     Adamu Jemilat-Baki     Lawal Olohungbebe     Ahmed Alhasssan     Bolaji Nagode     Sarafadeen Kayode Akorede     Bursary     Kwara Liberation Group     CCEPE     Shehu Adaramaja     Aremu Bose Deborah     Ita-Ore     Segun Abifarin     Savannah Centre For Diplomacy, Democracy And Development     Ahman Patigi     Mohammed Ibrahim     Abubakar Abdullahi Bata     Mope Dasuki Belgore     Alabere     KWAFFA     Yoruba     Kayode Ishola     Boko Haram     Sa\'adatu Modibbo-Kawu     Kwara Apc     Sulyman Abdulkareem     Bello Oyedepo     Col. Taiwo     Fatima Abolore Jimoh     Ibrahim Mashood     Face Masks     Special Agro-Industrial Hub     Salihu Alhaji Musa     Ibrahim Oloriegbe     Pius Abioje     Onilu     Kayode Issa     Hassanat Bello     Kumbi Titilope     Simeon Sule Ajibola     Abdulrosheed Okiki     Yomi Ogunsola     Mohammed Yisa     Kwara Hotel     Adeola Abraham     Roheemat Hammed     NYSC     Emir Of Yashikira     Akanbi-Oke     Tunde Mukaila Mustapha     Muhammadu Buhari     Aiyedun     Ahmad Lawan     Olaitan Buraimoh     Olatunji Ayeni     Saduki Lafiagi     KWASAA     Toyin Olayinka Tejidini     UNILORIN Alumni Association     Afonja     Offorjama     Eruku     April 11     Adamu B. Yaqubu     Kayode Alabi     Balogun Fulani     Plat Technologies    

Cloud Tag: What's trending

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

MATTA Girls Foundation     March 28     Sulyman Atolagbe Alege     Ghali Alaaya     Kemi Adeosun     Amosa     Kwara State Television (KWTV)     Monthly Sanitation Exercise     Elerinjare     Neuropsychiatric Hospital     Ubandoma Of Ilorin     Dagbalodo     Valsolar Consultoria     Ibrahim Mohammed     Hassan Abdulazeez Elewu     Ambassador Kayode Laro     Olatinwo     Kwara Polytechnic     Jumoke F. Ajao     Hydro-electric Power Producing Areas Development Commission     Kwara Muslim Pilgrims Welfare Board     Abatemi Usman     Abdulmumin Yinka Ajia     Ola Falade     Saliu Ajia     Ibrahim Oniye     Muslim Stakeholders Of Kwara State     Oluwarotimi Boluwatife Adenike     Plat Technologies     Muhammed Aliyu     Basic Education Certificate Examination     Hausa     Ilesha-Baruba     LABTOP     Yusuf Babatunde Abdulwahab     Imodoye Writer’s Enclave     JUSUN     Waheed Ibrahim     Kuliyan Geri     Lukman Adeloyin     CCB     Olokoba     Chemiroy Nigeria Limited     Sheikh Ridhwanullah El-ilory     Unilorin     Kwara Consultative Forum     Tsaragi/Share     Ayobami Seriki     Nigeria Foundation For Artificial Intelligence     Joana Nnazua Kolo     Lai Gobir     Awodun     All Peoples Party     Elerin Of Erin-Ile     Facemasks     Ileloke     Saraki     AbdulRazaq Jiddah     Tunji Oyawoye     Sam Onile     Kayode Zubair     Ayodele Shittu     Egbejila     Federal Neuro-Psychiatric Hospital     SUBEB     Convocation Ceremonies     Marufat Oladosu     Garuba Alikinla Shittu     Saidu Yaro Musa     Lawal Arinola Kudirat     Mohammed Katsina Ahmed     Democracy Day     Simeon Sayomi     Binta Sulyman     Geri-Alimi Split Diamond Interchange     Nnazua     Kwara State Football Association