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.

Osuwa     Saidu Isa     Mahee Abdulkadir     Kwara State Council Of Chiefs     Tsaragi-Share     N-Power     Ben Duntoye     Onilu     Kwara State Pension Board     AbdulHamid Adi     Tanke Road     David Adesina     Abdulfatai Baakini     Jimoh Akani     Gabriel Fashanu     CACOVID     Yahaya Seriki Gambari     Raji AbdulRasaq     Oju Ekun Sarumi     KWASSIP     VADA     Amina Susa\'a De Ahmed     Aso Ofi     Raimi Iyanda     Abdul Jimoh Mohammed     Benin Republic     Laduba     Jimoh Olusola Imam     KWTV     Laolu Saraki     Logun     Bola Magaji     KWACOBPA     Wahab Egbewole     James Kolo     Sardauna     Shaykh Luqman Jimoh     Nnazua     Durosinlohun Kawu     Olugbense     Hamidu Olowo     Aiyedun     Hassan Taiye Salam     Kwara Metro Park     Baba Issa Awoye     Muslimah Entrepreneurship Forum     Bankole Omishore     Mahmud Ayinla Giwa     Taofeek Ibraheem     Abdulganiyu Salahudeen     Yoonus Lawal     Ishak Mohammed Sabi     Bahago     Roseline Oni Aremu     Aliyu Sabi     Imodoye Writer’s Enclave     Toyin Abdullahi     Idowu Laro     Academic Staff Union Of Universities     Waheed Ibrahim     Makama     Women Radio     Garuba Alikinla Shittu     Osinbajo     Ahmad Uthman     Kwara Consultative Forum     Dele Momodu     Col. Ibrahim Taiwo     Age AbdulKareem     COEASU     Elerin Of Erin-Ile     Awoye     CCB     Park     Reuben Paraje     Kemi Adeosun     Baba Idris    

Cloud Tag: What's trending

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

Onilorin Of Ilorin     Leke Ogungbe     Abubakar Abdulraheem     Isiaka Rafiu Mope     Federal Polytechnic Offa     Eleja Taiwo Banu     Offa     Alimi Abdulrazaq     Yahaya Jibril Usman     Curfew     Offa Metropolitan Club     Monthly Sanitation Exercise     Ahmed Bolaji Nagode     Asiwaju Bola Tinubu     Universal Basic Education Commission     Yunus Lawal     Lateef Alagbonsi     Bisi Kristien     Ilorin South     Gbemi Saraki     Na\'Allah     Abdulkarim Adisa     Borgu     Muhammadu Buhari     Solomon Edoja     Elese Of Igbaja     Bello Bature     Balogun-Ojomu     Ilorin General Hospital     Abdulmumini AbdulRazaq     Ijagbo Health Centre     Aremu Bose Deborah     Kwara North     Erubu Oba Zubair     Democracy Day     Pakata Development Association     Elelu     Shola Odetundun     Abubakar Ndakene     Countryside Emerging Leaders Fellowship     KWSIEC     Tope Daramola     Afolabi-Oshatimehin Adenike Harriet     Salihu S. Yaru     Clara Nwachukwu     Abdulsalam Firdaous Amosa     Bashirat Bola Bello     Sunday Popo-Ola     Rebecca Olanrewaju     Aisha Gobir     Yusuf Zulu-Gambari     Adebara     Siraj Oyewale     Bature Bello     Abdullahi Imam Abdullahi     Agboola Babatunde     Kayode Zubair     Societe Generale Bank Of Nigeria     Kemi Adeosun     Oluwarotimi Boluwatife Adenike     SAPZ Project     Babatunde Ajeigbe     Raji Ayodele Kamaldeen     Mutawali     Tunji Ajanaku     Isau     Alao Ayotunde     General Tunde Idiagbon International Airport     Funmi Salau     Imam Gambari     Rasheed Jimoh     Vishvas KOZ Tractors     Madawaki Of Ilorin     Illyasu Abdullahi     Joseph Yemi Ajayi     Government Girls’ Day Secondary School Pakata     Ibrahim Mohammed