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 Bankís 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 peopleís 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."


Click to add/read Comments



Cloud Tag: What's trending

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

Mashood Dauda     March 28     CBT     Omotoso     Jani Ibrahim     Magaji Are     Saka Keji     Kupchi Hosea Maxwell     Tanke     Mahmud Ajeigbe     Mohammed Tunde-Jimoh     Ibrahim Bio     Gbenga Awoyale     Salami Adekunle     Oba Sulaiman Asude     Oladimeji Thompson     Idi-Ape     Iyiola Oyedepo     Geri-Alimi Split Diamond Interchange     Halimat Yusuf     Yunus Lawal     CCB     Bayo Ajia     Abubakar Abdulraheem     Muftau Akanbi Oke     Bello Bature     Funmi Salau     Alloy Chukwuemeka     Lanwa     GANZY     Ayinke Saka     Jimba Babatunde     Ibrahim Oniye     Oniyangi Kunle Sulaiman     Tunde Oyawoye     Taofik Abdulkareem Babaita     NYSC     Chemiroy Nigeria Limited     Alagbado     VADA     Fulani     Abubakar Olusola Saraki     Mohammed Abduraheem     Akanbi-Oke     Michael Ologundea     Akeem Lawal     College Of Health     Buari Edun     Oasis Muslim Care Foundation     Mohammed Alabi Lawal     Balogun Fulani     Valsolar     Ope Saraki     Mumeen Lah     Daud Adeshola     Oba Abdulraheem     Modibo Kawu     Buhari     Fatai Adeniyi Garba     KWACOBPA     Sanusi Abubakar     Amina Susa'a De Ahmed     Rueben Parejo     Aiyedun     Ariyo     Dauda Adesola     Bature Bello     Kayode Issa     Ilorin West     Abdulrazak Shehu Akorede     Saba Mamman Daniel     Ilorin Central Mosque     Gabriel Fashanu     Sherif Shagaya     KSIRS     Shuaib Abdulkadir     School Of Nursing