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.

Pakata Patriots     Bello Taoheed Abubakar     Yusuf Abdulwahab     Hassan Oyeleke     Third Estate     Laboratory-to-Product     Mohammed Danjuma     Sarafadeen Kayode Akorede     Otunba Taiwo Joseph     Soffiyyallah Kamaldeen     Bola Sagaya     S.O. Opowoye     Kumbi Titilope     Www.Kwarareports.com     Clement Yomi Adeboye     Chief Of Staff     IDPU     Waziri Yakubu Gobir     Oladipo Akanmu Tolani     Gbemisola Oguntimehin     Mumeen Lah     Mohammed Ghali Alaaya     Samuel Olusegun Adedayo     Ibrahim Jawondo     Oyedun Juliana Funke     Ajibola Ademola Julius     Cassava Growers\' Association     Kola Shittu     KSIRS     Olaiya Zuberu     Zara Umar     Iqra Books     CACOVID     Ilorin Emirate Staff Association     Temi Kolawole     SAPZ Project     Ibrahim Mashood     Saheed Alakoso     Tayo Awodiji     Ayekale     College Of Health     Saka Onimago     Fatimoh Lawal     Razaq Atunwa     Harafat E. Mukadam     Baba Adini Of Kwara State     Simon Sayomi     Olaitan Adefila     Maja     Owode Market     Obuh     Kwara     AbdulRazaq Abubakar Jiddah     Saliu Ajia     Wakilin Mata Lafiagi     Obayomi Azeez     Ramadan     Umar Saro     Bello Oyedepo     Bilikis Oladimeji     Abdul-Rahoof Bello     Onilorin Of Ilorin     Halimat Yusuf     Mahfouz Adedimeji     Radio SBS     Ibrahim Issa Jetti     Toyin Abdullahi     Salihu Alhaji Musa     Adebara     Sadiq Buhari     Abdulwasiu Bolaji Adeyi     Ayodele Kuburat Olaosebikan     Olabanji Orilonishe     Mohammed Khadijat Kubura     Olatunde Olukoya     Jumoke Monsura Gafar     Hussein Olokooba    

Cloud Tag: What's trending

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

Saka Saadu     Abdulmutalib Shittu     Bareke     Garba Ayodele Wahab     Nigeria Computer Society     Innocent Okoye     Kwasu     Sulyman Tejidini     Solomon Edoja     Face Masks     Abdullahi Atanda     Abdulkadri Ahmad Alaiye     Eghe Igbinehi     Law School Scholarship     Yunus Oniboki     Muslim Media Watch Group Of Nigeria     Mahe Abdulkadir     Amosa     Obasanjo     Sadiq Umar     Laduba     Gbenga Awoyale     Old Oyo     Ado Bayero     Otuka     Onikijipa     Abdulkadir Orire     Taofik Abdulkareem     Alfa Belgore     Issa Manzuma     Taofik Mustapha     Idowu Aremu     Modupe Oluwole     Firdaos Amasa     Alumni Association Of The Federal Polytechnic Offa     Florence Saraki     Gobirawa     Buhari     Mohammed Jimoh Faworaja     United Nigeria Airline     Shonga     Iqra Books     Bolakale Kawu Agaka     Agbarere     Veterinary Teaching Hospital     KW-GIS     Olatomiwa Williams     NITDA     Post Utme     Olomu Of Omu-Aran     KFA     Toyin Falola     Ibrahim Jawondo     CELF     Odo-Owa     Kwara South     Oyedun Juliana Funke     Aliyu Kora-Sabi     Olatunji Bamgbola     Jumoke Gafar     Muyiwa Oladipo Kanu     Aliyu Umar     Funmilayo Oniwa     Colleges Of Education Academic Staff Union     Bello John Olanrewaju     Yahya Mohammed     Mumeen Lah     Elerinjare-Ibobo     Saadu Alanamu     Ahmed \'Lateef     Abubakar Suleiman     Abubakar Lah     Woro     All Confederation Of Principals Of Secondary Schools     Senior Staff Union Of Colleges Of Education     General Hospital, Ilorin     Lanwa