Islamic Bank To Begin Operation In Kwara, Lagos - Jaiz Bank
Dr Mizanur Rahman, Representative of the Jaiz Islamic Bank in Nigeria, on Tuesday in Ilorin said that the bank would open its branch offices in kwara and Lagos states.
Rahman made the statement at the jointly organised thematic workshop on Development of Islamic Banking in Africa at the Alhikmah University in Ilorin.
The workshop was jointly organised by the Research and Training Institute (IRTI) in Saudi Arabia, the University of Ilorin and Al-Hikmah University.
According to him, the bank which has 15 branches globally, is set to widen its operation in Nigeria, adding that with much awareness campaign, people will realise the benefit of the bank.
He lamented that due to limited scope within the country, the bank lost about N1 billion but reiterated its hope that it would do well in 2015.
Dr Mohamad Azmi-Omar, the IRTI Director-General, emphasised the need for proper development and improvement of Islamic banking in Nigeria and African countries at all levels.
The DG, who was represented by Dr Ousmane Seck, noted the need for Africans to embrace Islamic banking as means of ensuring human capital development and eradication of poverty since it was non interest banking.
Azmi-Omar stated that the system, being free of interest, was capable of reducing poverty in the world.
Earlier in his speech, Prof Abdulganiyu Ambali, Vice-Chancellor of the University of Ilorin, who was represented by Prof. Gabreal Olatunji, advocated for expansion of Islamic banking in Africa. (NAN)
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Ajibola Saliu Ajia Kunle Okeowo Jaiz Bank Aminat Omodara Idowu Aremu Undergraduate Bursary Oluranti Idowu Kassim Babamale National Association Of Nigerian Students Binta Abubakar Mora Eghe Igbinehi Saka Isau Ilorin Talaka Parapo CT Ayeni Lanre Aremu Ayodele Shittu Isau Olaitan Buraimoh High Court Forgo Battery Company Limited Ali Ahmad Ridhwanullah Al-Ilory Omu-aran Fareedah Dankaka Aliyu Umar SSA Youth Umaru Saro IQRA College Ogbondoroko Jare Olatundun Shuaibu Yaman Joseph Alex Offorjama Idi-Ape Adeniyi Ojo AbdulQowiy Olododo Mansur Alfanla Wahab Egbewole Garuba Alikinla Shittu Abubakar Lah Salary Alaaya Chief Imam Of Ilorin Abubakar Abdullahi Bata LEAH Charity Foundation Twitter Ebola Adijat Adebiyi Royal FM Radio SBS Sarakite Quareeb Abdulrahman Abdulrasak Summit University Haleeman Salman Centre For Digital Economy Saadu Gbogbo Iwe Ayobami Akanbi Special Agro-Industrial Hub ER-KANG Vasolar Vasolar-Kwara Company Ltd Apaokagi Jaigbade Alao Suleiman Abubakar Okasanmi Ajayi Gobir Organization Foundation Amina Susa\'a De Ahmed Kwara Polytechnic Musa Ayinla Yeketi Aisha Ahman-Pategi Fatima Abolore Jimoh Bahago Saka Saadu Durbar Festival 07039448763 Ilorin Descendants Progressive Union April 11

