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.

Eleja     ANCOPPS     Kwara State Sports Commission     Mustapha Akanbi     Onilupeju Of Ilupeju     Christopher Odetunde     Saadu Alanamu     Orire     Firdaos Amasa     Maigida     FERMA     Yetunde Balogun     Monsurat Omotosho     Ganmo Power Sub-Station     Olokoba     Law School Scholarship     Femi Gbajabiamila     Garba Ayodele Wahab     Sheriff Olanrewaju     Centre For Digital Economy     Kayode Alabi     Cornelius Adebayo     Yaman     Oye Tinuoye     Ahmed Idris Mohammed     Obasanjo     International Aviation College     Agboola Babatunde     Pacify Labs     National Union Of Road Transport Workers     Abdullateef Abdussalam     Salihu Jibril Garbi     Kazeem Oladepo     IESA     Ahmed Saidu Rufai     Afolabi-Oshatimehin     Abdulmumini Jawondo     Lanre Issa-Onilu     Tafida     Rebecca Olanrewaju     Najim Yaasin     Hamidat Sulyman-Yusuf     Kpotum Mohammed Baba     Danladi     Mamman Saba Jibril     Towobola Abdulrahman Toyin     Olatunde Michaels     Abraysports FC     Abdulquawiy Olododo     Volunteers Of Ilorin Community And The Emirate     YAKOOYO     Yomi Ogunsola     Roheemat Hammed     Saba Mamman Daniel     Olubukola Kifayat Adedeji     Rafiu Ibrahim     Salihu Alhaji Musa     Bamidele Adegoke Oladimeji     Shoprite     Cassava Growers\' Association     CCB     Issa Oloruntogun     Oke-Oyi     Yahaya Abdulkareem     Ebola     Junior Secondary School Certificate Examinations     Ishola Abdullahi     Bello Oyedepo     Adegoke Bamidele     Muhammad Mustapha Suleiman     Ayinke Saka     Ahmad Ali     ENetSuD     Mohammed Yahaya Barki     Olofa Of Offa     Ojo Fadumila     Ubandoma    

Cloud Tag: What's trending

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

Muritala Awodun     Olukotun Of Ikotun     IF-K     Seni Saraki     Lasiele Alabi Yahaya     MAI Akande     Aliyu U. Tilde     ER-KANG Mining     Tunde Mukaila Mustapha     Manzuma     Universal Basic Education Commission     Binta Abubakar Mora     Ayinde Oki     Kwara Politics     Joseph Bamigboye     ITP     SSA Youth     Pakata Patriots     Maigida     Kulende     Gbemisola Saraki     Roheemat Hammed     Olaosebikan     Vasolar Consultoria     Ayeyemi Sulaiman     Yahaya Seriki Gambari     Raliat Islamic Foundation     AbdulRazaq Abubakar Jiddah     Mutawali     Ahmad Uthman     Bank Of Industry     Plat Technologies Limited     Toyosi Thomas     Gobir Organization Foundation     Bukola Ajikobi     Minimum Wage     SSUCOEN     Unilorin FM     National Broadcasting Commission     Babatunde Idiagbon     Ibrahim Abduquadri Abikan     Ekweremadu     Jebba     Musa Yeketi     Offa Metropolitan Club     Colleges Of Education Academic Staff Union     Senior Staff Union Of Colleges Of Education     Assayomo     Ubandawaki     George Innih     Iqra Books     Adamu B. Yaqubu     Musbau A. Akanji     David Adesina     Shero     Basit Olatunji     Saka Balikis Kehinde     Simeon Sule Ajibola     Shuaibu Yaman Abdullahi     Emir Of Lafiagi     Ayobami Akanbi     Kwara South     Mansur Alfanla     Ekiti     Chief Of Staff     Kaiama     Abdulazeez Arowona     Amina Susa\'a De Ahmed     Charles Ibitoye     Facebook     Fulani     Sheikh Ridhwanullah     Jimoh Saadudeen Muhammed     Peter Obi     Hassan Taiye Salam     Ahmed     Ojuekun Sarumi