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.

Galadima     Shuaib Olarongbe     Adesoye     Abdulsalam A. Yusuf     Saad Belgore     Seed Technologies     Kola Ologbondiyan     Al-Hikmah Radio     Ibrahim Mashood     Afeyin-Olukuta     Kwasu     Countryside Emerging Leaders Fellowship     Dunmade     Salihu Jibril Garbi     Okin Malt     Women Radio     Okanlawon Musa     Hassanat Bello     Awodun     Doyin Awoyale     Quranic Recitation Competition     Opobiyi     Guber Aspirant     Valsolar     Kwara 2023     Kayode Issa     Eleja     Abubakar Imam     Razak Atunwa     Plat Technologies Limited     Kwara State Branch Of The National Library     Standard Organization Of Nigeria     Aminu Ado Bayero     Adeniyi Ojo     Mufutau Gbadamosi Esuwoye     Dan Masanin     Saliu Mustapha     Dele Belgore     All Confederation Of Principals Of Secondary Schools     Mohammed Katsina Ahmed     Kwara Apc     Plat Technologies     Christopher Odetunde     Ebola     Otunba Taiwo Joseph     Ashiru     Al-Hikmah University     Wahab Issa     Moronfoye     Lasiele Alabi Yahaya     Femtech     Balogun Ajikobi     Oniwa     Fatai Adeniyi Garba     SUBEB     EFCC     Manzuma     Tafida Of Kaiama     Abdulmajeed Abdullahi     NTA Ilorin     Noah Yusuf     James Ayeni     CLAY POT     Alabi Olayemi Abdulrazak     Aminu Adisa Logun     Bello Abubakar     Kwara 2015     Mohammed Ibrahim     Fola Consultant     AbdulGaniyu Kareem     Mohammed Saidu     Adegoke Bamidele     Saidu Yaro Musa     KFA     Ola Falade     Zaratu Umar     Solomon Edojah    

Cloud Tag: What's trending

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

Amoyo     Lateef Ademola Olatunji     Kayode Ogunlowo     Abdullahi AbdulMajeed     Shola Odetundun     Bola Shagaya     Olabanji Orilonishe     Halimah Perogi     International Aviation College     NFAI     Muhammad Mustapha Suleiman     Dagbalodo     Yusuf Amuda Aluko     Ilorin Anchor Men And Women     Saliu Shola Taofeek     Saliu Tunde Bello     Summit University     Olatunji Ibrahim     Yahaya Seriki     Sidikat Alaya     SWAN     Share/Tsaragi     Doyin Group     Sanitation Exercise     Ogidi-Oloje     Abdulrahman Onikijipa     Oko     Emir Of Ilorin     Kwara State Health Insurance Agency     Abdulrazaq Adebayo     Muslimah Entrepreneurship Forum     Funke Adedoyin     Yunus Oniboki     ENetSuD     Bello Taoheed Abubakar     Hussein Olokooba     Joshua Adeyemi Adimula     Salman Alada     Tafida     Royal FM     Aishat Mohammed Lawal     Presidential Election     Samuel Elizabeth Keatswa     Lasiele Alabi Yahaya     Olatunji Bamgbola     Tanke Flyover Bridge     Babs Iwarere     Monthly Sanitation Exercise     Razaq Atunwa     Olaitan Buraimoh     Khairat Gwadabe     Abdulkadir Remi Hawawu     Lawal Arinola Kudirat     Sulyman Abdulkareem     Metro Park     Muhammad Akande Olarewaju Odunade     Sabi     Kwara State Pension Board     Nupe     Freshvine Nigeria Limited     KWSIEC     Jani Ibrahim     Abiodun Jacob Ajiboye     Idofin     IFK     Orisa Bridge     Mope Dasuki Belgore     Emir Of Kano     Kale Ayo     Nigerian Correctional Service     Sunset Workers     Bayer AG     Tosin Saraki     Adebayo Salami     Michael Nzwekwe     Awodun     Bayo Ajia