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.

Kwara Metro Park     Bayo Lawal     Gobirawa     Issa Baba     Shettima Of Ilorin     Omupo     Timothy Akangbe     Suleiman Idris     Patigi Regatta     Hamid Bobboyi     Ilorin Emirate Stakeholders Forum     T And K FOODS     PharmAccess Foundation     Damilola Yusuf     KWASIEC     Ope Saraki     Haruna Olawale Sulaiman     Ibrahim Taiwo Road     Olatunde Olukoya     Ndakene     Abdulquowiyu Olododo     Modibbo Kawu     Aishat Mohammed Lawal     Moshood Bakare     Eghe Igbinehin     Oniyangi Kunle Sulaiman     Hussein Olokooba     National Association Of Nigerian Students     Magaji Erubu     Ibraheem Adeola Katibi     Oluwatoyin Lukman     Mansur Alfanla     SWAN     Kwara Coalition Of Business And Professional Associations     Pakata Development Association     ANCOPPS     Baruten     Yoonus Kola Olatinwo     Aliyu Adebayo     Saad Belgore     Olusola Saraki     Isiaka Yusuf     Ahman Patigi     Voices Of Tomorrow     Sunday Popo-Ola     Ojuekun     Abubakar Aliagan     Abiodun Oyedepo     Nupe     Al-Ilory     AbdulKareem Yusuf Danhawa     Agboola Babatunde     Taibat Ayinke Ahmed     Bolaji Nagode     Gurei     Ahman Pategi University     Chief Of Staff     Afonja     Sambo Murtala     Lawal Jimoh     TIIDELab     AbdulHakeem Ajibola Akanbi     Ibrahim Jawondo     Ejidongari     Ibrahim Abdullahi     Rasheed Jimoh     TESCOM 2025     Adamu Attah     Oju Ekun Sarumi     JMK Construction Company Limited     Saadu Yusuf     New Model Police Station     Royal FM     Offa Descendants Union     Amina El-Imam     Musa Aibinu     Ella Supreme Tissue Paper    

Cloud Tag: What's trending

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

Abatemi Usman     Toyin Saraki     Pakata Development Association     Olaitan Adefila     TVC Female National Debate     Damilola Yusuf     Kassim Babamale     NIRSAL     Government High School (GHS), Adeta     Minister     Durbar Festival     Raliat Islamic Foundation     Adama Isa     Aishatu Ahmed Gobir     Kwara Liberation Group     Lawan     Rapheal Ashaolu     Al-Ilory     Iyabo Dupe Adekeye     Kwara United     Owu Fall     Gafaru Olayiwola Olorisade     Shagari     Muazam Nayaya     Opolo Global Innovation Limited     Lanre Aremu     Raliat AbdulRazaq     Abdulhakeem Amao     Mutawalle     Naira Redesign     Gbugbu International Market     Oluwatoyin Lukman     Balogun-Ojomu     Doyin Group     Oba Mogaji Abdulkadir     Opobiyi     11th Galadima     SAPZ Project     Ballah     Adebayo Salami     Folajimi Aleshinloye     Read With Me     Yakubu Mohammed Abdullahi     KWASEIC     Sam Onile     Ibrahim Abikan     Olayinka Jelili Yusuf     Abiodun Jacob Ajiboye     Amos Justus Sayo     Aminat Omodara     Danladi     AGF Abdulrazaq     Kamoru Kadiri     Joana Nnazua Kolo     John Obuh     John Kehinde Salako     NITDA     Suleman Abubakar     Abdulmumini AbdulRazaq     Saheed Alakoso     Revenue Court     Bareke     Quareeb     Ibrahim Akaje     Oba Abdulkadir La\'aro     Ahman Pategi University     Hassan Oyeleke     Paul Odama     SGBN     Emmanuel Bello     Ike Ekweremadu     Quareeb Islamic Association     Kwara Polytechnic     NULGE     LAK Jimoh     Kayode Yusuf     Borgu