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.

National Information Technology Development Agency     Osuwa     Centre For Peace And Strategic Studies     A.G.F Abdulrasaq     Emir Of Kano     Isiaq Khadeejah     Adama Isa     Moshood Kashimawo Abiola     Baba-Isale     Raimi Iyanda     Balogun Gambari     Sambo Murtala     Femi Agbaje     Monsurat Omotosho     Salman Alada     Prince Mahe Abdulkadir     Ahmad Fatima Bisola     Ilofa     Okin Biscuit     Ajike People Support Centre     Katibi Ibraheem Adeola     Azeez Salawu     Ibrahim Mohammed     Elerin Of Erin-Ile     Abubakar Lah     Akanji     April 11     Omoniyi Ayinla     Bashiru Makama     Ahmed Bayero     Yunus Oniboki     Joana Nnazua Kolo     Gbugbu     Al-Hikmah University     Kwara State Television (KWTV)     Omupo     Kwara Poly     Mohammed Yisa     Mogaji Aare     Mutawali     Patigi Regatta     Nagode     Olaiya Victor Mobolaji     Read With Me     Mohammed Lawal     Kehinde Baale     Lanre Badmas     Sheu Ndanusa Usman     Mansurat Amuda-Kannike     Tanke Road     Iyaloja-General     Bureau Of Lands     Idiagbon     Olokoba     Lafia Aliyu Korasabi     Ojuekun     Olohungbebe     Chief Imam Of Offa     Lanre Jimoh     Segun Abifarin     Valsolar Consultoria     08001000100     Nigeria Customs Service     Yusuf Aiyedun     Abdulrazaq Adebayo     Ajeigbe     IHS Towers     Kunle Suleiman     Coronavirus     Budo Egba     Quran     CKNG     Mamatu Abdullahi     Mohammed Abdulahi     AbdulRauf Keji     Raji Ayodele Kamaldeen     Yusuf Babatunde Abdulwahab    

Cloud Tag: What's trending

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

Sunday Otokiti     Saadatu Modibbo-Kawu     Ahmad Fatima Bisola     Simon Sayomi     Baba Adini Of Kwara State     Ahmad Lawan     KSIRS     Ilorin Talaka Parapo     Hassan Abdulazeez Elewu     KWSUED     General Hospital, Offa     Henry Olaosebikan     TESCOM 2025     Kwara Volleyball Association     KWTV     Saadu Gbogbo Iwe     Ado Ibrahim     Sarah Jubril     Bola Iyabo Ibiyeye Adisa     Dan Masanin     IQRA College     Isiaka AbdulRazaq     Kwara State Government     Olateju Lukman     Aminu Ado Bayero     KWASIEC     Obayomi Azeez     AbdulRahman Saad     Tunji Folami     Afolayan     Benin Republic     Isiaq Khadeejah     Isapa     Abdulrahman Abdulrasaq     Wakilin Mata Lafiagi     Akeem Lawal     Sarakite     Sanusi Abubakar     Mohammed Kamaludeen     Lawan     Young Progressives Party     Gambari     Micheal Imodu-Ganmo Road     Amada Jidda     Igbomina     Charcoal     Bilikisu Oniyangi     Femi Agbaje     Olaiya Lawal     Ahmed Idris Mohammed     Oko-Erin     Idowu Laro     Solomon Edojah     Manzuma     Yoonus Kola Olatinwo     Abioye Bello     Asiwaju Bola Tinubu     Owu Fall     Kwara Apc     Saka Abimbola Isau     Abdullahi Dasilva Yussuf     M.Y. Abdulrahaman     Nigerian Correctional Service     Gbemisola Saraki     Yusuf Olaolu Ali     Aisha Abodunrin Ibrahim     Coronavirus     Ilorin Emirate Staff Association     Gbugbu     Issa Baba     Charles Ibitoye     Adaramaja     Aisha Ahman Pategi     Akande Idowu Ayoola Muhammed     Maimunat Oniyangi     Abdulkadir Orire     Afetu Of Alabe