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.

Sheikh Hamzat Yusuf Ariyibi     Asa     Bamidele Aluko     Coalition Of Kwara North Groups     Garba Ayodele Wahab     Toyin Falola     Dan Iya     Olaiya Victor Mobolaji     QuickWin     Haruna Olawale Sulaiman     David Adesina     Olupako     Mumeen Lah     Ilorin Water Reticulation     Yomi Ogunsola     Ilorin Anchor Men And Women     Dasuki Belgore     Muhammad Mustapha Suleiman     Abubakar Atiku     Yekini Adio     Razak Atunwa     Senior Staff Union Of Colleges Of Education     Adisa Logun     Twitter     KWACOBPA     Aishat Sulu-Gambari     Kolawole Bashirat     Odogun Olushola Gabriel     Micheal Imoudu     Idofin     Rapheal Ashaolu     Tunji Folami     Bola Tinubu     Sarah Jubril     Ibrahim Akaje     Amos Justus Sayo     Mohammed Ghali Alaaya     Kwara State Branch Of The National Library     Yahaya Oloriegbe     Yinka Aluko     Kumbi Titilope     Saka Abimbola Isau     Moji Makanjuola     Gwanara     NTA Ilorin     Bashiru Makama     Adewuyi Funmilayo     Justina Oha     Abubakar Olusola Saraki     Tafida Of Ilorin     Isiaka AbdulRazaq     Iyaloja-General     Amada Jidda     Ganmo Electricity Sub-Station     Temitope Ogunbanke     Olaiya Zuberu     Ibrahim Orire     Bello Bature     Kabir Shagaya     Azeez Salawu     Ilorin International Airport     New Naira Notes     Press Release     Olayinka Oladapo Jogunola     Ike Ekweremadu     Quareeb Islamic Association     Vasolar     Ajakaye     Alloy Chukwuemeka     Olateju Lukman     Onilorin     NNPP     Hamidat Sulyman-Yusuf     Special Adviser On Digital Innovation     Deji Ajani     Offorjama     Wasiu Onidugbe    

Cloud Tag: What's trending

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

Kwara Teaching Service Commission     Ado Ibrahim     TIIDELab     Ladi Hassan     Kayode Ogunlowo     Jeunkunu-Malete-Bani     Forgo Battery     Oniyangi     Ilesha Gwanara Road     Ubandawaki     Omu-aran     Muazam Nayaya     Yusuf A. Usman     Face Masks     Rebecca Olanrewaju     Amos Justus Sayo     Frootify     Olokoba Sulyman     Kazeem Oladepo     Owode Market     Durosinlohun Kawu     Toyin Sanusi     Timothy Akangbe     Oba Sulaiman Asude     Danhawa     Rex Olawoye     Azeez Salawu     Tunji Olawuyi     Gbenga Olawepo     Niguel Gallando Marcias     Esinrogunjo     Rotimi Oyedepo     Kwara NIPR     Ibrahim Abduquadri Abikan     Saliu Ajia     Oro Grammar School     Muhammed Taofeeq Abdulrazaq     GAMA     Abdulmumini Jawondo     Student Learning Support Helpline     20 Billion Bond     Ahmad Ali     Ahmad Belgore     Adebayo Salami     Solomon Edoja     Budo Egba     Jimoh Bashir     Kale Kawu     Ahman Patigi     Apaola     Ekiti     Moshood Kashimawo Abiola     Aisha Abodunrin Ibrahim     Yaru     VADA     Funmilayo Zubair     Toyin Saraki     Ahman Pategi     Ubandoma     Suleiman Alege Kuranga     Owu Fall     Medinat Folorunsho Salman     Lanre Jimoh     KWSUED     Osi     SDP     Majlis For Sadakah, Zakat And Waqf     Mashood Abdulrafiu Agboola     George Innih     YAKOOYO     FOMWAN     Olatunji Abdulmumeen     Www.Kwarareports.com     Shehu Adaramaja     Tayo Awodiji     Muhammad Ghali Alaaya     Computer Based Test