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.

Adedeji Onimago     Suleiman Yahya Alapansapa     Shehu Adaramaja     Isin     Assayomo     Yaru     Lithium     Theophilus Oyebiyi     SSA Youth     Oniwa     Senior Special Assistant On Student Affairs     Yemi Sanni     Laduba     Olusegun Adeniyi     Afeyin-Olukuta     Folajimi Aleshinloye     Firdaos Amasa     Kwara Coalition Of Business And Professional Associations     Ilorin Emirate Staff Association     Gambari     Wasiu Onidugbe     Ibraheem Adeola Katibi     Olokoba     Haliru Dantoro     Jumoke Monsura Gafar     Kazeem Gbolagade     Salman Alada     Geri-Alimi Split Diamond Interchange     Ebun-Olu Adegboruwa     Sarakite     Henry Olaosebikan     NNPP     Olusin Of Ijara Isin     Millennium Development Goals     UTME     Ilesha-Gwanara     Pakata Patriots     Isaac Gbenle     Maigida     Metro Park     Ojuekun     Abdulhakeem Adelaja Amao     Elections     Segun Adeniyi     Iponrin     Ganiyu Abolarin     Abdulfatai Salman Baakini     Babaita     Kwara State Television     Saidu Yaro Musa     Edret Sabi Abel     Femi Agbaje     Erubu     Kola Ologbondiyan     Adamu B. Yaqubu     Abdulrazaq Solihudeen     Abubakar Kawu Baraje     Abubakar Abdullahi Bata     Ola Falade     Senate President     Federal Allocation     Nigerian Army     Yahaya Seriki Gambari     AbdulRasaq Abdulmajeed Alaro     Mohammed Ghali Alaaya     Oba Of Jebba     Ramadan     Share-Tsaragi     Onilorin     Oke-opin     Eleja     Quran     Quarry Royal Valley     Minister     CACOVID     Olatunde Jare     Sai Kayi    

Cloud Tag: What's trending

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

Baba-Isale     Musa Aibinu     Idiagbon     Mufti Of Ilorin     Abdulmajeed Wahab     Alfa Modibo Belgore     Kwara South     Oja-Oba     Gbemi Saraki     Saliu Ajibola Ajia     Aminat Omodara     Omoniyi M. Ayinla     Olatinwo     Unicontinental Construction Company     Abdulwasiu Bolaji Adeyi     Ilorin Durbar     Gbadeyan Gbadura Yomi     CCT     Bayo Ajia     Bayer Nigeria Limited     Turaki     Isiaka Yusuf     KWSUED     Egbejila     Gamji Members Association     Musa Ayinla Yeketi     Mansur Alfanla     Kayode Laro     BIR     Olabode George Towoju     Saka Aleshinloye     Sabitiyu Grillo     Special Agro-Industrial Hub     Alfa Belgore     Kwarareports.com     Dumagi     MATTA Girls Foundation     Idofin     Abdulraufu Mustapha     Okoolowo     High Court     LAK Jimoh     Dagbalodo     Abdulquawiy Olododo     Lola Ashiru     Young Progressives Party     Adamu Jemilat-Baki     Bilikisu Oniyangi     Saliu Shola Taofeek     Adamu Ibrahim Sabi     Chief Imam Of Ilorin     Ishak Mohammed Sabi     Funke Adedoyin     Sanusi Abubakar     Amuda Musbau     Femi Gbajabiamila     Ayoade Akinnibosun     Bashiru Makama     V.O. Abioye     Haliru Yahaya     Oyeyemi Olasumbo Florence     Ajibola Ademola Julius     Tsaragi-Share     Timothy Olatunde Fadipe     Aso Ofi     Abdulraheem Olesin     Saidu Isa     Unilorin FM     Yusuf Abdulkadir     Abdulhakeem Amao     Sola Saraki Educational Foundation     Shettima     Kwara Pdp     Moronfoye     Standard Organization Of Nigeria     Grillo     NURTW