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.

Idiagbon     Abdulkadri Ahmad Alaiye     Lola Ashiru     Onilupeju Of Ilupeju     Yakubu Gobir     Oloye     Mumeen Lah     HYPPADEC     Alabi Olayemi Abdulrazak     Amasa     JSSCE     Muritala Olarewaju     Olayinka Jelili Yusuf     Yahaya Abdulkareem     Hamid Bobboyi     Kwara Primary Health Care Development Agency     Zulu Gambari     Alagbado     Sa\'adu Salau     Ramadan     Sheu Ndanusa Usman     Sarafadeen Kayode Akorede     Ilorin West     TESCOM 2025     Kamaldeen Ajibade     AbdulHakeem Ajibola Akanbi     Usman Alkali Baba     AGF Abdulrazaq     Micheal Imoudu     Maja     Ahmed Idris Mohammed     Yahaya Dumoye     Shuaib Olarongbe     Ajikobi     Manzuma     Khadijat Ayoola Yusuf     Oke-Ero     Abdulrazaq Magaji     Ajibola Ademola Julius     Nigeria Computer Society     ER-KANG Mining Nigeria Company Limited     Alabere     Matthew Babaoye     Ilorin International Airport     Quarry Royal Valley     Bisi Kristien     Gafaru Olayiwola Olorisade     Quareeb Islamic Association     Aminat Omodara     Mohammed Danjuma     Gobirawa     Police Commissioner     Ilorin South     Galadiman Ngeri     Kisira     Jare Olatundun     Afetu Of Alabe     Split Diamond Interchange     KFA     Bolaji Nagode     Wale Oladepo     Garba Dogo     Gbugbu International Market     Ejidongari     Shero     Kwara 2023     Oasis Muslim Care Foundation     Abdulkadir Akanbi-Oke     Veterinary Teaching Hospital     Muhammad Mustapha Suleiman     Mustapha Olanipekun     Kamoru Kadiri     Nigeria Customs Service     Otuka     HAMFAT Clinic And Maternity     Yusuf Abubakar     Iliasu    

Cloud Tag: What's trending

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

Academic Staff Union Of Universities     Wahab Olasupo Egbewole     Muslim Media Watch Group Of Nigeria     Abdulrazak Shehu Akorede     Share/Tsaragi     Trader Moni     Aliyu Alhassan     Egbejila     Ejidongari     Fatimoh Lawal     Sunday Fagbemi     Adanla-Irese     Kwara Teaching Service Commission     Sai Kayi     Countryside Emerging Leaders Fellowship     A.O. Belgore     Prince Bola Ajibola     Salman Suleiman     Sheu Ndanusa Usman     Seni Saraki     ITP     Ilorin South Constituency     David Oyepinola Adedumoye     Atiku Abubakar     Risikat Lawal     CKNG     Kupchi Hosea Maxwell     Adamu Atta     Abdulkadir Akanbi-Oke     Kwara Consultative Forum     Olabimpe Olani     Toun Okewale-Sonaiya     Lanwa     Muhammadu Buhari     UTME     Abubakar Imam     Council Of The Wise     Budo Egba     Memunat Monsuma     Gobir Organization Foundation     Oko-Erin     Kazeem Adekanye     Harrison Osauwagboe     Ibrahim Abiodun     M.Y. Abdulrahaman     Kumbi Titiloye     Ilorin General Hospital     Omu-aran     Okin Malt     College Of Arabic And Islamic Legal Studies     Fatima Abolore Jimoh     Islamiya Abdulraheem     Nnazua     Lola Olabayo     Timothy Akangbe     Yakub Ali-Agan     Sunset Workers     Abdulkadir Remi Hawawu     Oja-Oba     Samari     Ilorin Central Mosque     Kulende     Olatunji Abdulmumeen     Odogun Olushola Gabriel     Salami Adekunle     Ilorin Like-Minds     Olatunji Bamgbola     Mohammed Alabi Lawal     Bayer AG     Gobir     Kunbi Titiloye     Henry Olaosebikan     Earlyon Technologies     Issa Baba     James Kolo     Adebara     RTEAN