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.

Maigidasanma     Abdulrasheed Akogun     Oyeyemi Olasumbo Florence     International Vocational Centre     Playing Host     Elewu     Bamidele Aluko     Ademola Kiyesola     Shade Omoniyi     Radio SBS     Irepodun     Maigida     Amina El-Imam     NSCIA     International Aviation College     Mashood Dauda     Kubra Kazum     Riskat Opakunle     Okeose Christian Cementary     Paul Odama     Kwara State Football Association     Olubukola Kifayat Adedeji     Hydroelectric Power Producing Areas Development Commission     Olam Food Ingredients     Yusuf Arowosaye     Solomon Edojah     Orire     Ilorin Anchor Men And Women     Olatunde Jare     Student Learning Support Helpline     Ayodele Kuburat Olaosebikan     Emmanuel Bello     Lola Olabayo     Ojuekun Sarumi     Quarry Royal Valley     Mahmud Babatunde Baker     Emir Of Lafiagi     KFA     Charcoal     Harafat E. Mukadam     PPS     Chikanda     Suleiman Abubakar     Femi Agbaje     SSUCOEN     Kumbi Titiloye     Tuesday Assayomo     Nigeria Customs Service     Rihanat Ajia     Christian Association Of Nigeria     Park     Medview Airlines     Kwara State Television (KWTV)     Dar-Al-Handasah Consultants     Onilorin     Jimoh Bashir     Ridwan Agboola     Revenue Court     Ajasse-Ipo     Aro Yahaya     Kamaldeen Gambari     Titus Ashaolu     ER-KANG Mining Nigeria Company Limited     Tsaragi-Share     Ganmo     Oyedepo     Ayinde Oyepitan     Wahab Agbaje     Labour Party     Abdullahi Biffo     Lanre Jimoh     Garba Dogo     LEAH Charity Foundation     Abdulquawiy Olododo     Saba Mamman Daniel     ASKOMP     Sango-UITH Road    

Cloud Tag: What's trending

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

Kale Ayo     Abdulwahab Oba     Zainab Abass     Hijab     Bamidele Adegoke     Bamidele Aluko     Nnazua     Lanre Badmus     Abubakar Abdullahi Bata     Belgore     Sulyman Tejidini     Kwara Liberation Group     Road Transport Employers Association Of Nigeria     Dogara     Aisha Buhari     Alaro     Pilgrims Board     Bukola Ajikobi     Is\'haq Modibbo Kawu     Rebecca Olanrewaju     Funmilayo Zubair     Abdulrahman Abdulrazaq     Adam Abdullahi Al-Ilory     Junior Secondary School Certificate Examinations     Agor Market     Hassan Taiye Salam     Abiodun Jacob Ajiboye     Saka Keji     Rafiu Ajakaye     Aso-ofi     Oya State     Muftau Akanbi Oke     Shaaba Lafiagi     Bolakale Ayo     Haruna Tambiri Mohammed     Dankaka     Elewu     Ahmed Saidu Rufai     Kwha.gov.ng     Kayode Ogunlowo     Isiaka Danmeromu     Mubarak Oladosu     Osinbajo     TIC     Wole Oke     Smart School     Buari Edun     Saad Omo\'ya     Gambari     Imam Gambari     National Union Of Road Transport Workers     Government High School Adeta     Presidential Election     Ifelodun     Doyin Group     Ishola Balogun Fulani     Gani Saadu     Awodun     Maigida     Suleiman Yahya Alapansapa     Colleges Of Education Academic Staff Union     Oluwatoyin Lukman     Tafida Of Kaiama     Doyin Agbamu     Fatai Garuba Labaka     Academic Staff Union Of Universities     Christian Association Of Nigeria     Emmanuel Olatunji Adesoye     Joseph Alex Offorjama     Baba Isale     Olaiya Zuberu     Ubandawaki     MMWG     Muslimah Entrepreneurship Forum     International Public Sector Accounting Standards     Sadiq Buhari     Abdul-Rahoof Bello