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.

Oloruntoyosi Thomas     Musa Aibinu     Plat Technologies     Balogun-Ojomu     Bashirat Bola Bello     Kwara     Ijagbo Health Centre     Hassan Abdulazeez Elewu     Ramadhan     Osuwa     Abdulrahman Onikijipa     Ridhwanullah Al-Ilory     Albert Ogunsola     Bature Bello     Damilola Yusuf Adelodun     Association Of Kwara State Online Media Practitioners     Folorunsho Alao     Abdullahi Adisa Akodudu     Umaru Saro     JMK Construction Company Limited     Yusuf Abdulraheem     Ibrahim Orire     Balikis Jawondo     Dan Iya Of Ilorin     Femi Oladiji     Ayedun     Taofik Abdulkareem     Iqra Books     Moronfoye     Agbarigidoma     Centre For Community Empowerment And Poverty Eradication     SUBEB     Toyin Falola     Ibrahim Abduquadri Abikan     Suleiman Abubakar     Ghali Alaaya     Wole Oke     NTA Ilorin     Ibrahim Issa Jetti     Musa Abdullahi     Raliat Elelu-Habeeb     Lafiagi     Doyin Agbamu     Ibrahim Mashood     Amina Susa\'a De Ahmed     Demola Banu     Theophilus Oyebiyi     Hijab     ASMAU PLAZA     Moses Afolayan     IQRA College     Kwara Coalition Of Business And Professional Associations     LEAH Charity Foundation     Yusuf Ali     Aisha Ahman Pategi     Sadiq Umar     Chief Imam Of Omu-Aran     Laduba     Garba Ayodele Wahab     Adegoke Bamidele     Mustapha AbdulGaniyu     Colleges Of Education Academic Staff Union     United Nigeria Airline     Toun Okewale-Sonaiya     TIC     Abioye Bello     Afolabi-Oshatimehin Adenike Harriet     Col. Ibrahim Taiwo     Tunde Yusuf     Bolaji Aladie     Adeola Abraham     Oluronke Adeyemi     Maigidasanma     John Olobayo     Sunday Fagbemi     Nigerian Medical Association     TESCOM    

Cloud Tag: What's trending

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

Ahmed     Soffiyyallah Kamaldeen     Towobola Abdulrahman Toyin     Abdulfatah Ahmed     Abioye Bello     Federal Road Maintenance Agency     Khairat Gwadabe     Saka Aleshinloye     Saadatu Modibbo-Kawu     Baba Idris     Bayo Ojo     ASMAU PLAZA     Mashood Abdulrafiu Agboola     Zaratu Umar     Alore     Abdullahi Saadudeen Alikinla     Kumbi Titilope     Ilorin Emirate     Haashim Initiative For Community Advancement     Otoge     AbdulGaniyu Kareem     Adeniyi Ojo     Dumagi     Magaji Are     Abdulquawiy Olododo     AbdulGafar Tosho     Neuropsychiatric Hospital     Idofin     Nurudeen Muhammed     Labaeka     Maigida Soludero Transit     Isiaka Oniwa     Kolade Solagberu     Islamiya Abdulraheem     Folashade Omoniyi     Ariyo     Forgo Battery     Kishira     Shettima Of Ilorin     Nigeria Governors\' Forum     Abdulrahman Abdulrazak     Abubakar Imam     Agboola Babatunde     Offa Metropolitan Club     Air Peace     Aliyu Umar     Muyiwa Oladipo Kanu     Madawaki Of Ilorin     David Oyedepo     Ganmo     2017 Budget     Presidential Election     John Dara     Kehinde Boyede     Kwara University Of Education     Kwha.gov.ng     Abdulrahman Abdullahi Kayode     Isaac Gbenle     Kwara 2023     Sai Kayi     Omar Gambari     John Mayokun Dada     Lafia Aliyu Korasabi     Muritala Olarewaju     08001000100     Tafida Of Ilorin     Sardauna Of Ilorin     Afetu Of Alabe     T And K FOODS     Mutawalle     Olomu     Saliu Tunde Bello     Okin High School     Adedipe     Special Adviser On Digital Innovation     Adam Abdullahi Al-Ilory     Yahaya Abdulkareem Babaita