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.

Shuaibu Yaman Abdullahi     Bola Ahmed Tinubu     Bayo Lawal     Agor Market     Mohammed Lawal Bagega     Voices Of Tomorrow     Abdulrahman Abdulrasak     National Union Of Road Transport Workers     Oyedun Juliana Funke     Memunat Monsuma     Oko-Erin     Kwara State Geographic Information Service     Mohammed Danjuma     Government House     Saka Keji     Lucky Omoluwa     Kisra     Imam Gambari     Abdulrazaq Aiyelabegan     Dogara     Pilgrims Board     Kolo     JUSUN     Mustapha Akanbi     March 18     Saka Onimago     Joseph Daudu     Saeedat Aliyu     Abdulfatai Salman Baakini     Babajide Ajayi     Sanusi Abubakar     Kwara State Health Insurance Agency     Ganmo     Emir Of Lafiagi     Issa Manzuma     Fulani     Shuaibu Yaman     Senate Presidency     Erubu Oba Zubair     KWASAA     Alikinla     Afonja Descendants Union     ARMTI     Kolawole Akande     Isin     Ben Duntoye     Ibrahim Abdulqadir Abikan     Abubakar Usman Jos     Smart School     Alumni Association Of The Federal Polytechnic Offa     Maimunat Oloriegbe     Lukman Oyebanji Fagbemi     KWTV     Idris Amosa Saidu     Oniwa     Sa\'ad Alanamu     Okoolowo     CACOVID Palliatives     Alimi Abdulrazaq     Kwarareports     Valsolar     Abdulkadir Bolakale Sakariyah     Opaleke Bukola Iyabo     Ebun-Olu Adegboruwa     John Mayokun Dada     Alabe     Kayode Issa     Alao Ayotunde     Adaramaja     Isiaka Alikinla     Col. Taiwo     Titus Ashaolu     National Party Of Nigeria     Yahaya Abdulkareem     Olumide Daniel Ibitoye     Haruna Tambiri Mohammed     Musa Yeketi    

Cloud Tag: What's trending

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

Lukman Oyebanji Fagbemi     Doyin Awoyale     Olatomiwa Williams     Ishaq Oloyede     Olatunde Oyeyiola     Abdulraheem Yusuf     Al-Ilory     Mubarak Oladosu     Matthew Okedare     Ayo Salami     Women Radio     Kwha.gov.ng     Okin Group     Muyiwa Oladipo Kanu     Boko Haram     Dan Masanin     Babaita     Yakub Lai Gobir     MATTA Girls Foundation     Yusuf Abdulkadir     Suleiman Rotimi Iliasu     Lawal Jimoh     Otunba Taiwo Joseph     Ladi Hassan     General Tunde Idiagbon International Airport     Saba Mamman Daniel     Amule Elementary School     Hakeem Lawal     Ilorin Emirate     TIC     Ope Saraki     Ibrahim Taiwo     Funke Adedoyin     Shuaibu Yaman Abdullahi     Ilorin Central Mosque     Government Girls’ Day Secondary School Pakata     Wahab Egbewole     Ayekale     Quareeb Islamic Association     Oke-Odo     AbdulGafar Tosho     Yahaya Muhammad     Ahmad Fatima Bisola     Oniwa     GRA     Olabode Towoju     Biliaminu Aliu     JMK Construction Company Limited     Charles Ibitoye     Garba Idris Ajia     Sanitation Exercise     Jimoh Olusola Imam     David Oyerinola Adedunmoye     Alloy Chukwuemeka     Nigeria Foundation For Artificial Intelligence     Bolaji Gambari     Eghe Igbinehi     Toyin Sanusi     Salami Adekunle     Sherif Sagaya     Ajibola Ademola Julius     Umar Bayo Abdulwahab     Pakata Patriots     Zubair Folorunsho Erubu     Gbajabiamila     Ubandoma Of Ilorin     Lateef Fagbemi     Ibrahim Abiodun     Jumoke Monsura Gafar     John Olajide Adedipe     Mohammed Lawal     Aisha Ahman-Pategi     Aliyu Kora Sabi     Abdulrahman Abdulrazaq     Ibrahim Abdulkadir Abikan     Forgo Battery     Hikmah AbdulKareem