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.

Kwara State Polytechnic     Yahaya Dumoye     Abubakar Abdulraheem     Azeez Salawu     Rotimi Atere     Deji Ajani     Ahman Patigi     Taofik Abiodun Ahmed     A.O. Belgore     Abdullah Janet Amudat     Nigeria Foundation For Artificial Intelligence     Yusuf Lawal     Saheed Akinwumi     CBT     Www.Kwarareports.com     Alloy Chukwuemeka     Ayodele Kuburat Olaosebikan     Babata     Shettima     Pius Abioje     Hikmah AbdulKareem     Oba David Oyerinola Adedunmoye     Ibikunle Ogunleye     Kayode Bankole     Iponrin     Awili Pedro     IESA     Abubakar Suleiman     Mohammed Lawal Bagega     Saad Omo Iya     Ope Saraki     Abdulrazaq Aiyelabegan     Kwara State Football Association     Lanwa     Labaeka     Sola Saraki University     Omoniyi Ayinla     Gbenga Awoyale     Hassanat Bello     Okiki     Olofa Of Offa     Bature Bello     Mahmud Ayinla Giwa     Biliaminu Aliu     Dauda Adeniran Adeshola     Makama Of Ilorin     LAK Jimoh     Aremu Odolaye     08001000100     Ahmad Uthman     Taiwo Joseph     Maimunat Oloriegbe     Ishola Balogun Fulani     Post-utme     Omotoso Musa     Democracy Day     Dagbalodo     Haruna Olawale Sulaiman     Razaq Atunwa     Jimba Babatunde     UTME     Gobirawa     Muhammad Sirajo Aliyu     Ibrahim Jawondo     ITP     United Nigeria Congress Party     Taibat Ayinke Ahmed     Osi     Ndakene     MMWG     Musibau Akanji     Olosi Of Osi     Mustapha AbdulGaniyu     Village Alive Development Association     Risikat Lawal     Ayedun     Ayegbeni    

Cloud Tag: What's trending

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

Shuaibu Yaman Abdullahi     Olawuyi     JAMB     Bukola Saraki     Femi Gbajabiamila     Abubakar B.M     Local Government     Ilorin Muslim Community     Shaaba Lafiagi     Kudirat Arinola Lawal     International Aviation College     Kunle Akogun     Busari Alabi Alausa     Omotosho     ITEM 7     Fatai Garuba Labaka     Ilorin     Rafiu Olasile     Okala Baba     Isapa     Ilesha-Baruba     Ita-Ore     11th Galadima     Valsolar Consultoria     Adamu Atta     Moji Makanjuola     George Innih     Gbenga Olawepo     Abdulrazaq Adebayo     Shettima Of Ilorin     Hauwa Nuru     IFK     All Confederation Of Principals Of Secondary Schools     Kwara NIPR     Makama Of Ilorin     Agbarigidoma     Taofik Abdulkareem     KWACOBPA     Kishira     Saliu Ajia     HAMFAT Clinic And Maternity     Abdulrazaq Akorede     Yashikira     Federal College Of Education (Special), Afon     David Adesina     Oba-Solagberu     Kola Olota     Aliyu U. Tilde     Matthew Babaoye     EndSARS     Yusuf Abubakar     Oye Tinuoye     Kwara Politics     BIR     Nupe     SSA Youth Engagement     Moshood Mustapha     Abdulrahman Onikijipa     Yakub Ali-Agan     Garba Dogo     Umar Bayo Abdulwahab     Harrison Osauwagboe     Sa\'adu Salau     Yusuf Mubarak     Najim Yaasin     Gafaru Olayiwola Olorisade     Colleges Of Education Academic Staff Union     Jimoh Bashir     National Information Technology Development Agency     Kwara University Of Education     Toyin Falola     Ilorin East/South Federal Constituency     Simeon Sayomi     General Hospital, Ilorin     Folashade Omoniyi     Ilorin Amusement Park     Samuel Adedoyin