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.

Forgo Battery     Simeon Ajibola     Ilorin Anchor Men And Women     M.Y. Abdulrahaman     AbdulRasaq Abdulmajeed Alaro     Idris Garba     IsDB     Shuaib Abdulkadir     Revenue Court     S.O. Opowoye     Baba Idris     Baakini     Offa Grammer School     Alabi Lawal     Ganmo Power Sub-Station     Abdullahi G. Mohammad     Ubandoma     Yusuf A. Usman     Adewuyi Funmilayo     Yakubu Dogara     Ijakadi     Elekoyangan     Unilorin     Kwara 2015     Law School Scholarship     Mahfouz Adedimeji     Vasolar Consultoria     YAKOOYO     Abdulwahab Ololele     Kpotum Mohammed Baba     Radio SBS     Galland Marcias     Alaro     Gwanara     Bashir Omolaja Bolarinwa     Abdul Jimoh Mohammed     Sarafadeen Kayode Akorede     Ishola Moses Abiodun     Metro Park     Ganmo Electricity Sub-Station     Hamidat Sulyman-Yusuf     Abdulrauf Aliyu     Arca Santa     Alore     National Association Of Nigerian Students     Kazeem Gbolagade     Shehu Alimi Foundation     Ado Ibrahim     Oye Tinuoye     Wahab Abayawo     Jimba Babatunde     Jani Ibrahim     Binta Abubakar Mora     Bola Iyabo Ibiyeye Adisa     JAMB     Salary     Kwara State Fish Farmers Association     Kazeem Oladepo     Valsolar     Lukman Oyebanji Fagbemi     Ahmed Alhasssan     Clara Nwachukwu     Kwara Coalition Of Business And Professional Associations     Alapado     Kayode Zubair     KWASAA     Marufat Oladosu     Laduba     Abubakar Atiku     Dorcas Afeniforo     Kola Olota     Magaji Are     UTME     Yusuf Lanre Badmas     Ayotunde Emmanuel Alao     CBT     Lanre Issa-Onilu    

Cloud Tag: What's trending

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

Segun Ogunsola     Michael Ologundea     Eleyele     Quranic Recitation Competition     Abdulmumin Yinka Ajia     Chief Imam Of Omu-Aran     Abdulganiy Abimbola Abdussalam     Bola Magaji     Mary Arinde     Sango-UITH Road     Offa Poly     Kolawole Bashirat     Femi Ogunsola     Ibrahim Kayode Adeyemi     Omu-aran     Kwara Volleyball Association     Moronfoye     Yunus Lawal     Raymond Olaitan     Alumni Association Of The Federal Polytechnic Offa     Kawu     Unilorin FM     Umar Ahmed Gunu     Adisa Logun     Plat Technologies     SGBN     Bayo Ojo     Suleiman Yahya Alapansapa     Oju Ekun Sarumi     Saraki     Ilorin East     Hauwa Nuru     Kwarareports.com     Segun Adeniyi     AbdulRauf Keji     Congress For National Consensus     Sabitiyu Grillo     Saka Onimago     Ayodele Kuburat Olaosebikan     Okala Baba     TESCOM     Emir Of Ilorin     Doyin Awoyale     Minimum Wage     Harafat E. Mukadam     Durosinlohun Atiku     Abdulwahab Ololele     Ahmad Olayiwola Kamaldeen     Yusuf Babatunde Abdulwahab     Kabir Shagaya     NITDA     Abdulrazak Shehu Akorede     George Funsho Adebayo     Oba Abdulkadir La\'aro     Jamiu Oyawoye     Ishola Moses Abiodun     Bamidele Adegoke Oladimeji     Ayodele Olaosebikan     Chemiroy Nigeria Limited     KWASAA     Samuel Adaramola     College Of Arabic And Islamic Legal Studies     Galland Marcias     Bilikisu Oniyangi     Abubakar Imam     Kayode Bankole     Joseph Offorjama     Oloruntoyosi Thomas     Habeeb Saidu     Mubarak Oladosu     Tunde Kazeem     Issa Manzuma     Toyin Olayinka Tejidini     Muritala Olarewaju     Ayo Opadokun     Bayo Lawal     Manzuma