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.

Jimoh Lambe Abdulkareem     Opobiyi     Sidikat Alaya     Abdullahi Imam Abdullahi     Forgo Battery     Elerin Of Adanla     Abdulmalik Bashir Mopelola Risikatullahi     Voices Of Tomorrow     Biliaminu Aliu     Sulyman Age AbdulKareem     Yeketi     Kawu     Suraj Tunji Oyewale     Ishaq Oloyede     Senior Staff Union Of Colleges Of Education     Yusuf Arowosaye     Segun Abifarin     Yakubu Shaaba     Adeniyi Ojo     Government High School Adeta     Illyasu Abdullahi     Obayomi Azeez     Roseline Oni Aremu     David Adesina     Yinka Aluko     Reuben Paraje     Kamaldeen Kehinde     Tunji Moronfoye     Jimoh Akani     Taofik Abiodun Ahmed     Musa Abdullahi     Moshood Kashimawo Abiola     Amos Sayo     Suleiman Rotimi Iliasu     Jide Oyinloye     Garuba Alikinla Shittu     Isapa     Nigeria Customs Service     Bilikisu Gambari     Fatai Garuba Labaka     Tayo Awodiji     Yahaya Abdulkareem Babaita     Kwara State Printing And Publishing Corporation     Sheu Ndanusa Usman     Apado     Abdulhakeem Adelaja Amao     Ayinde Oyepitan     James Kolo     Maigida Soludero Transit     Olayinka Olaogun     Grillo     Arca Santa     Hameed Oladipupo Ali     Oluwarotimi Boluwatife Adenike     Susan Modupe Oluwole     Congress For National Consensus     Ibrahim Oloriegbe     Afeyin-Olukuta     Nnazua     Ali Ahmad     Ogbondoroko     Abdulkarim Adisa     Kwara State Geographic Information Service     Ayekale     Muslim Stakeholders Of Kwara State     Ilorin General Hospital     Ilorin West     March 18     Yusuf Zulu-Gambari     Muhammad Akande Olarewaju Odunade     Lanre Olosunde     Bashir Adigun     Bankole Omisore     MINILS     Yaman     Abdulmumin Yinka Ajia     International Vocational Centre    

Cloud Tag: What's trending

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

Aliyu Kora Sabi     Shonga Farm Project     Amule Elementary School     Abioye Bello     Shuaibu Yaman     Magaji Nda     Dogara     Oke-Kura     James Ayeni     Afeyin-Olukuta     Wole Oke     Kamaldeen Ajibade     Chief Imam Of Omu-Aran     Facebook     Ijagbo Health Centre     ER-KANG Mining Nigeria Company Limited     Funmilayo Zubair     Dan Iya Of Ilorin     Tsado Manman     Adebayo Salami     Ahmed \'Lateef     Salihu Alhaji Musa     Adaramaja     Anilelerin     Amuda Bembe     Muhammad Fawaz Abubakar     Ifelodun     Elerin Of Adanla     KWSUED     Omoniyi     Mohammed Jimoh Faworaja     Samuel Elizabeth Keatswa     Baba Idris     Osuwa     SAPZ Project     AbdulRahman Saad     Yunus Lawal     Abdulkadir Jimoh     Yusuf Mubarak     Muhammed Akanbi     Arca Santa     Ayo Salami     All Confederation Of Principals Of Secondary Schools     Chief Imam Of Ilorin     Yemi Osinbajo     Otoge     Damilola Yusuf     Colleges Of Education Academic Staff Union     Ajeigbe     Abdulrahman Abdulrasaq     Ebola     Ajike People Support Centre     Abubakar Abdulraheem     AbdulFatai Adeniyi Dan-Kazeem     Igosun     Abdulmajeed Wahab     Saliu Ajia     Raymond Olaitan     Segun Adeniyi     Umar Danladi Shero     Council Of The Wise     Kwara State Fish Farmers Association     Nurudeen Mohammed     Shola Odetundun     Harafat E. Mukadam     Fatimah Abdulkadir     Oyedun Juliana Funke     Road Transport Employers Association Of Nigeria     Abubakar Bature Sulu-Gambari     Abdulrosheed Okiki     Metro Park     08001000100     Ahmed Idris Mohammed     Congress For National Consensus     Minister     Elesie Of Esie     Mumeen Lah