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.

Centre For Digital Economy     Bayo Mohammed Onimode     Mohammed Kamaludeen     Arinola Fatimoh Lawal     Alfa Belgore     Fola Consultant     High Court     Kola Shittu     Folorunsho Alao     Olumide Daniel Ibitoye     Odo-Owa     Emmanuel Bello     Dorcas Afeniforo     Taofeeq Olateju     National Association Of Nigerian Students     Ilorin South     Zulu Gambari     Idowu Aremu     Ezekiel Yissa Benjamin     Olohungbebe     Abubakar Baba     Albert Ogunsola     Yoonus Lawal     ITEM 7     Towoju     Kolawole Akande     Air Peace     Oniwa     Afonja Descendants Union     Ayotunde Emmanuel Alao     Grillo     N-Power     Y.A. Abdulkareem     John Kehinde Salako     Adama Isa     Basit Olatunji     David Oyedepo     Minimum Wage     International Public Sector Accounting Standards     Timothy Akangbe     Saheed Akinwumi     Waheed Ibrahim     Mumini Ishola Hanafi     Salake     Maryam A. Garuba     Dumagi     Just Law Forum     Asa     Oba Abdulrahim     Yemi Osinbajo     Umar Bayo Abdulwahab     Col. Ibrahim Taiwo     Garba Dogo     Katibi Ibraheem Adeola     Oyin-Zubair     National Pilot     Shuaib Jawondo     Samuel Olusegun Adedayo     NFAI     Nigerian Medical Association     Abubakar Bature Sulu-Gambari     Moses Adekanye     Bukola Saraki     Moshood Kashimawo Abiola     Yusuf Babatunde Abdulwahab     Kola Adesina     Jimoh Akani     Shuaib Olarongbe     Henry Olaosebikan     Gbemisola Saraki     Mamatu Abdullahi     Oko Erin     UNILORIN Alumni     Hussein Oloyede     Local Government Pension Board     Ahman Pategi     Issa Manzuma    

Cloud Tag: What's trending

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

Jawondo     Fatai Garuba Labaka     AbdulRauf Keji     Olohungbebe     Busari Alabi Alausa     Adedayo Yusuf Abdulkareem     Congress For National Consensus     Durosinlohun Kawu     Oloje     Razaq Atunwa     Bello John Olanrewaju     Mohammed Lawal Bagega     Hassan Oyeleke     All Confederation Of Principals Of Secondary Schools     Ghali Muhammed     Rex Olawoye     Haruna Tambiri Mohammed     Oluwole Dupe     2017 Budget     Susan Modupe Oluwole     Abdullahi AbdulMajeed     Kisira     Olumide Daniel Ibitoye     Adeola Abraham     Senior Staff Union Of Colleges Of Education     Monthly Sanitation     Curfew     Maryam Ado Bayero     Ayinke Saka     Aliyu Alhassan     Aliyu Salihu     Abikan     Kwara State Printing And Publishing Corporation     Shoprite     PPS     V.O. Abioye     Ishaq Abdulkarim     UNILORIN Alumni     UNILORIN Alumni Association     Balogin Alanamu     United Nigeria Congress Party     March 18     Abdulahi Abubakar Bata     Bolaji Nagode     Salake     LAK Jimoh     Logun     Harafat E. Mukadam     Alaiye     Sadiq Umar     Abdulrasheed Akogun     Abdulrahman Abdulrasak     Funmilayo Oniwa     Y.A. Abdulkareem     Lanre Issa Onilu     Tunji Ajanaku     Saheed Akinwumi     Isaac Gbenle     Crystal Corner Shops     Abdullahi Imam Abdullahi     Abraysports FC     Sheikh Ariyibi     Alaaya     Balogun Ajikobi     Toyosi Thomas     Salary     Shehu Salau     Tafidan Kaiama     Najim Yaasin     Kwara Central     Sheu Ndanusa Usman     Irepodun     Isau     March 28     Bisi Oyeleke     Abubakar B.M     National Information Technology Development Agency