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.

Aliyu Muhammed     IHS Towers     SGBN     Abdulmalik Bashir Mopelola Risikatullahi     Rafiu Ajakaye     Tsado Manman     Jaiz Bank     Nigeria Foundation For Artificial Intelligence     Shuaib Abdulkadir     Olofa Of Offa     Kale Ayo     Kupchi Hosea Maxwell     Sheikh Ridhwanullah El-ilory     20 Billion Bond     Lai Mohammed     Overland     Bisi Oyeleke     All Peoples Party     Falokun-Oja     Ahmad Fatima Bisola     Habeeb Abdullahi Al-Ilory     Bolakale Ayo     AGM Professional Services     Abdulmumin Yinka Ajia     Raji AbdulRasaq     Noah Yusuf     Special Agro-Industrial Hub     Halimah Perogi     Saidu Yaro Musa     Folaranmi Aro     Jimoh Lambe Abdulkareem     YAKOOYO     COVID-19 Palliatives     Rafiu Olasile     Eruku     Ahman Pategi     Musa Alhassan Buge     Modibo Kawu     Sabi     Christopher Tunji Ayeni     Senate Presidency     Yakub Ali-Agan     Suleiman Abubakar     Wasiu Odewale     Mufutau Olatinwo     Muftau Akanbi Oke     Yusuf Aiyedun     Isiaka Abdulrazak     Village Alive Development Association     Yaru     Afeyin-Olukuta     Adisa Logun     Taofik Mustapha     Tafidan Kaiama     Alore     Sobi Hill     Valsolar Consortium     Afolasade Opeyemi Kemi     Albert Ogunsola     CELF     Tanke Road     Mohammed Abdulahi     Lafia Aliyu Korasabi     Jawondo     Bamidele Adegoke     Hamid Bobboyi     Durbar Festival     Www.Kwarareports.com     Plat Technologies     Shoprite     KWTV     Okoolowo     Ibraheem Abdullateef     Ali Ahmad     Offa     Biliaminu Aliu     Yusuf AbdulRasheed    

Cloud Tag: What's trending

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

Bilikisu Gambari     Cornelius Adebayo     Kwara Teaching Service Commission     Baruba     Balogin Alanamu     Iyabo Adisa Ibiyeye     Abubakar Kawu Baraje     Oba-Solagberu     Jani Ibrahim     ER-KANG Mining     Okoolowo     Sa\'adu Salahu     Oloyede     Amule Elementary School     Shehu Jimoh     Saliu Tunde Bello     Wole Oke     Chief Of Staff     Kulende     Assayomo     Michael Imoudu National Institute For Labour Studies     Funmilayo Braithwaite     Victor Gbenga Yusuf     Mohammed Tunde-Jimoh     Hikmah AbdulKareem     Oniyangi Kunle Sulaiman     Ilorin Talaka Parapo     Shehu Adaramaja     Afolabi-Oshatimehin Adenike Harriet     Ibrahim Mashood     Tanke Flyover Bridge     Ilesha-Baruba     Dele Belgore     Kamoru Kadiri     Dar-Al-Handasah Consultants     Shagari     M.Y. Abdulrahaman     Bureau Of Lands     Ilesha Gwanara Road     Shuaib Jawondo     Saliu Mustapha     Segun Adeniyi     Ebun-Olu Adegboruwa     Olusola Saraki     Amusa Bello     Mumini Ishola Hanafi     Council Of The Wise     Gwanara     Sam Onile     GRA     Senior Staff Union Of Colleges Of Education     Baakini     Okasanmi Ajayi     Ahman Pategi     Federal Allocation     Kwara State University Of Education     Idowu Laro     Gbajabiamila     Olufolake Abdulrazaq     Markaz Arabic And Islamic Training Institute, Agege     Naira Redesign     Towobola Abdulrahman Toyin     Abdulrahman Iliasu     Imam Gambari     Ashiru     Shonga Farm Project     Labour Party     Zulkifli Ibraheem     Code Of Conduct Tribunal     Dan Masanin     Jelili Yusuf     Ganmo Power Sub-Station     Bolaji Nagode     Abdulmajeed Abdullahi     Lola Ashiru     AbdulRazaq Abubakar Jiddah     Onilorin Of Ilorin