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.

Ahmad Uthman     Egbewole     Tunji Olawuyi     Jide Oyinloye     Owo Arugbo     Valsolar Consultoria     Ayodele Shittu     Muslim Media Watch Group Of Nigeria     Oke-Ode     Goodluck Jonathan     Sulyman Age AbdulKareem     Omoniyi     Taofeeq Olateju     Salman Jawondo     Ojo Fadumila     Gbenga Awoyale     Yaman     Shonga     Babaita     Twitter     Gaa Olobi     Joseph Alex Offorjama     Samuel Adedoyin     Special Agro-industrial Processing Zone     Wale Oladepo     Micheal Imodu-Ganmo Road     Eleja Taiwo Banu     Ita-Ore     Aliyu Kora Sabi     Tunji Moronfoye     Just Event Online     Kwara State Coalition Of Business And Professional Associations     March 28     Bashirat Bola Bello     Fatai Garuba Labaka     Kwarareports.com     Aliyu Muyideen     Tayo Awodiji     Ilorin Likeminds Foundation     Clara Nwachukwu     Olawuyi     Lola Ashiru     Yakub Lai Gobir     Fola Consultant     Irepodun     Awodun     Labaeka     Suleiman Yahya Alapansapa     Jaiz Bank     Salihu S. Yaru     Baba Issa     Shaykh Luqman Jimoh     Christian Association Of Nigeria     Babatunde Ishola Babaita     UTME     First Lady     Shettima Of Ilorin     Mohammed Ibrahim     Ahmad Olanrewaju Belgore     Ishaq Salman     Muhammad Mustapha Suleiman     Yakubu Mohammed Abdullahi     Niguel Gallando Marcias     Salau Kabiru Abdullahi     Ayobami Akanbi     ANCOPPS     Seed Technologies     Owu Fall     Federal Allocation     Bola Shagaya     Abdulwahab Oba     Muhammed Aliyu     Atiku Abubakar     Maigida     AIT Ilorin     Ibraheem Adeola Katibi     Gbugbu    

Cloud Tag: What's trending

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

Olatunde Oyeyiola     Yusuf Abdulkadir     IYA YUSUF     Akeem Lawal     Bolakale Saka     Ajakaye     Suleiman Yahya Alapansapa     Kwara State Council Of Chiefs     Okiki     Okin Biscuits     Shoprite     Bursary     Tsado Manman     Ajase-Ipo     Balogun Gambari     Alao Ayotunde     EndSARS     Bond     Ajeigbe     Ojuekun     New Naira Notes     AGF Abdulrazaq     TIIDELab     Gbenga Olawepo     Afolasade Opeyemi Kemi     Olabode Towoju     Femi Ogunsola     Idiagbon     Ibrahim Abdulqadir Abikan     Balogun-Ojomu     Salihu Jibril Garbi     Abdulfatah Ahmed     Nigerian Army     Gurei     Ibrahim Taiwo     Tunde Yusuf     Centre For Digital Economy     Kamaldeen Ajibade     Moronfoye     Lukman Oyebanji Fagbemi     Local Government     Funmilayo Braithwaite     Yoonus Kola Olatinwo     Chartered Institute Of Personnel Management Of Nigeria     Government Girls’ Day Secondary School Pakata     Umar Ayinla Saro     Summit University     Ayodele Olaosebikan     Aremu Odolaye     Kulende-UITH     Emmanuel Olatunji Adesoye     Niyi Osundare     Ilorin Like-Minds     Amuda Aluko     Kumbi Titilope     Buari Edun     C2c@kwarastate.gov.ng     Ridwan Agboola     Mohammed Ghali Alaaya     Iliasu     Jumoke Gafar     Saheed Popoola     Universal Basic Education Commission     Samuel Adedoyin     Kwara Teaching Service Commission     Toyin Saraki     NYSC     Balogun Fulani     GAMA     Quareeb     CCB     Kwara State Health Insurance Agency     Sabi     Nigeria Governors\' Forum     Cassava Growers\' Association     Oya State     Opobiyi