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.

Aro Yahaya     Harafat E. Mukadam     Bola Iyabo Ibiyeye Adisa     Ishaq Abdulkarim     Mohammed Danjuma     Ahmed Idris Mohammed     Mashood Abdulrafiu Agboola     Magaji Erubu     Nigeria Governors\' Forum     Oloye     Okanlawon Taiwo     Funmilayo Mohammed     Balogun Ajikobi     AbdulRazaq Abubakar Jiddah     REO CAKES     Emmanuel Olatunji Adesoye     Ekiti     Owo Arugbo     Shehu Jimoh     AIT Ilorin     Kumbi Titilope     Abdulrazaq Magaji     Hakeem Idris     Shuaib Jawondo     Damilola Yusuf Adelodun     Abubakar Olusola Saraki     Shade Omoniyi     Savannah Centre For Diplomacy, Democracy And Development     Abdulrasheed Akogun     NSCIA     Edu     Moji Makanjuola     UTME     Quareeb     Sheikh Ridhwanullah El-ilory     Kwara State Television (KWTV)     Seun Bolaji     Muhammadu Gobir     Abdulmalik Bashir Mopelola Risikatullahi     Village Alive Development Association     Akanji     Chief Imam Of Offa     Bayo Ojo     Adam Abdullahi Al-Ilory     Iqra Books     Yusuf Amuda Aluko     Tanke Road     Sam Onile     HICA     Raji Ayodele Kamaldeen     Ganmo Electricity Sub-Station     Saheed Akinwumi     Towobola Abdulrahman Toyin     Shuaib Abdulkadir     Pakata Development Association     Monthly Sanitation     Taofik Mustapha     Alabi Olayemi Abdulrazak     Smart School     Bayo Onimago     Idowu Aremu     Ilorin Likeminds Foundation     Akorede     Lukman Adeloyin     Muftau Akanbi Oke     Aisha Ahman Pategi     Association Of Kwara State Online Media Practitioners     Jamiu Oyawoye     Arandun     Gani Saadu     TIIDELab     Babs Iwarere     Muslim Cementary     Ibrahim Mohammed     Toyin Saraki     Bankole Omishore     Okoolowo    

Cloud Tag: What's trending

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

Mashood Abdulrafiu Agboola     New Naira Notes     Modibbo Kawu     Dairo Kunle Paul     Mahmud Durosinlohun Atiku     Zulu Gambari     Alao Ayotunde     Ilorin International Airport     Suleiman Idris     PAACO-PCL Consortium     Yusuf Lanre Badmus     Ganiyu Taofiq     KFA     Wasiu Onidugbe     Ogbondoroko     Erubu     Saeedat Aliyu     Olabode Towoju     Funmilayo Oniwa     Abubakar Abdullahi Bata     Elections     Special Agro-Industrial Hub     Amuda Aluko     Olabimpe Olani     Oniwa     A.G.F Abdulrasaq     Idris Amosa Saidu     Osinbajo     LEAH Charity Foundation     Adisa Logun     Sa\'adatu Modibbo-Kawu     Baba Isale     Moses Afolayan     AIT Ilorin     Olokoba Abdullahi Ayinla     Olatunji Ibrahim     Kwara State Sports Commission     Mike Omotosho     Christopher Tunji Ayeni     Oja-Oba     Dele Momodu     Durbar Festival     Bio Ibrahim     Rihanat Ajia     Olateju Lukman     Salman Alada     Clara Nwachukwu     Yekini Adio     Ayoade Akinnibosun     Saad Omo Iya     BECE     Eghe Igbinehi     Chief Imam Of Omu-Aran     Oke-Ero     Ramadan     Akanbi-Oke     Share/Tsaragi     Timothy Akangbe     Rebecca Olanrewaju     Adedayo Yusuf Abdulkareem     Yunus Lawal     Yakub Lai Gobir     Abdulmalik Bashir Mopelola Risikatullahi     Amule     Durosinlohun Kawu     Kwara Polytechnic     Abdulsalam A. Yusuf     Moshood Kashimawo Abiola     Mamatu Abdullahi     Tunji Oyawoye     Modupe Oluwole     UNILORIN Alumni     Magaji Are     Mohammed Khadijat Kubura     Police Commissioner     Offa Descendants Union     CACOVID Palliatives