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.

Yahaya Seriki     Ishaq Oloyede     Rasheed Jimoh     Toyin Saraki     Funmi Salau     Esinrogunjo     Clara Nwachukwu     Oloyede     Adesoye     Isaac Gbenle     General Tunde Idiagbon International Airport Ilorin     Aliyu Alhassan     Medview Airlines     Forgo Battery Company Limited     Dar-Al-Handasah Consultants Ltd     SSUCOEN     Ibrahim Abdullahi     PAACO-PCL Consortium     Ijagbo     Modupe Oluwole     Baba Adini Of Kwara State     SAPZ Project     Bello John Olanrewaju     MAI Akande     Akanji     Veterinary Teaching Hospital     Ghali Alaaya     Gamji Members Association     Kwara State University Of Education     Afolasade Opeyemi Kemi     Abdulrazaq Aiyelabegan     Toyosi Thomas     Ilorin Emirate     Adesoye College     Theophilus Oyebiyi     Surajudeen Akanbi     Sabi     Raliat Elelu-Habeeb     Fatima Abolore Jimoh     Pakata     Bello Taoheed Abubakar     Code Of Conduct Bureau     Marufat Oladosu     Ibrahim Abiodun     Abdulkadir Akanbi-Oke     Senate Presidency     Ibrahim Bio     Saka Abimbola Isau     Afeyin-Olukuta     NULGE     Oyelere Oyinloye     Chief Imam Of Omu-Aran     Shehu Jimoh     Hussein Oloyede     Prince Sunday Fagbemi     Illyasu Abdullahi     Abdulrazaq Adebayo     Yusuf Ali     Bio Ibrahim     Moses Adekanye     KWATMA     Olusola Saraki     Tsado Manman     Shonga     Salman Jawondo     Saka Onimago     Erin-ile     TESCOM     N-Power     Olaoye B. Felix     Titus Suberu-Ajibola     3MTT     Muslim Cementary     Saad Omo Iya     Adekunle David Dunmade     Abiodun Musa Aibinu     Musa Aibinu    

Cloud Tag: What's trending

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

Allocation     Joseph Bamigboye     Code Of Conduct Tribunal     Asa LGEA School     Abdulhakeem Amao     Dauda Adeniran Adeshola     Guber Aspirant     Taibat Ayinke Ahmed     Salihu Ajia     Suleiman Ajadi     Olabode George Towoju     Gani Saadu     Age AbdulKareem     TESCOM 2025     Haruna Tambiri Mohammed     Adegoke Bamidele     Ganmo Power Sub-Station     Umar Bayo Abdulwahab     Playing Host     Ajike People Support Centre     Ibrahim Agboola Gambari     Kwara-SAPZ Project     Oluwole Dupe     Col. Taiwo     Ilorin Metro Park     Bashir Badawi     Sulyman Atolagbe Alege     Alfa Modibbo Belgore     Vasolar Consortium     Fatai Olodo     Agbarigidoma     Charcoal     Hausa     AbdulHamid Adi     Danladi     Bayo Ojo     Afolabi-Oshatimehin Adenike Harriet     Okala Baba     Abdullahi Dasilva Yussuf     NIPOGA     Senate Presidency     Alanamu     Summit University     Logun     Yusuf Lawal     Ilesha-Baruba-Gwanara     A.G.F Abdulrasaq     Ajayi Okasanmi     Olatunde Oyeyiola     Dorcas Afeniforo     Akande Idowu Ayoola Muhammed     Justina Oha     GRA     Yahaya Seriki Gambari     Ahmed     Onilorin Of Ilorin     Oko-Erin     Saliu Oluwole     Umar Danladi Shero     Chief Of Staff     Sodiya     Shaaba Lafiagi     Baba Adini Of Kwara State     Yemi Sanni     Sheu Ndanusa Usman     Niyi Osundare     Minister     Abdulraheem Yusuf     Elerinjare     Muhammad Yahya     Dan Masanin     NIPR     Haliru Dantoro     Olabimpe Olani     Moses Afolayan     Mahfouz Adedimeji     Temi Kolawole