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.

Lithium Deposit     UNILORIN Alumni     Abdullahi G. Mohammad     Rashidi Yekini     Bashirat Bola Bello     Olabode Towoju     Lola Ashiru     Kamoru Kadiri     Afeyin-Olukuta     Shaaba Lafiagi     Fareedah Dankaka     Adedayo Yusuf Abdulkareem     Saba Jibril     Hikmah AbdulKareem     Abraham Ojo     Sulyman Age AbdulKareem     Olatunde Jare     Kpotum Mohammed Baba     Najim Yaasin     Presidential Election     Police Commissioner     Abdulwahab Oba     Adesoye College     Mukhtar Shagaya     Agor Market     Arinola Fatimoh Lawal     Erin-ile     Tsado Manman     Aasiyat Bello Oyedepo     Ahmad Lawan     Kisra     Sabo-Oke     Rice Farmers Association Of Nigeria     Suraj Tunji Oyewale     Shaykh Luqman Jimoh     Abdullahi AbdulMajeed     Folorunsho Alao     Emir Of Kano     Oluwarotimi Boluwatife Adenike     Iponrin     National Pilot     Abdulahi Abubakar Bata     Gbugbu International Market     Ajayi Okasanmi     Babaloja-General     Kwara South     Is\'haq Modibbo Kawu     EFCC     Budo-Egba     Kwara State Television (KWTV)     Balikis Jawondo     Umar Gunu     Emir Of Ilorin     Tescom.kwarastate.gov.ng     Leke Ogungbe     Bamidele Adegoke     Salihu Ajibola Ajia     A.O. Belgore     Alloy Chukwuemeka     Osuwa     George Innih     11th Galadima     Adamu Ibrahim Sabi     LABTOP     Abdulrahman Abdulrazak     Abdulraufu Mustapha     Adeola Abraham     Galadima     Gbadeyan Gbadura Yomi     Abdul-Rahoof Bello     Jawondo     Ilorin West     Woro     Bashir Adigun     Ahmad Fatima Bisola     JAAC     Ahmed Dankaya    

Cloud Tag: What's trending

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

Sidikat Alaya     Ishola Balogun Fulani     Ayedun     Peculiar Allowance     Kayode Ogunlowo     Abubakar Olusola Saraki     Abiodun Musa Aibinu     Wahab Egbewole     Aishat Sulu-Gambari     Government House     Omoniyi Ayinla     Abdulrazaq Akorede     Falokun-Oja     Tanke Flyover Bridge     Ibrahim Issa Jetti     Suleiman Idris     Idowu Laro     Isiaka AbdulRazaq     Ibrahim Labaika     Aliyu Kora-Sabi     University Road     Wahab Abayawo     Ronke Adeyemi     Monthly Sanitation     Shero     March 28     Kpotum Mohammed Baba     Lola Ashiru     Council Of The Wise     Special Agro-industrial Processing Zone     Erubu Oba Zubair     Salami Adekunle     AbdulGaniyu Kareem     Olufolake Abdulrazaq     GANZY     Kwarareports.com     Alfa Modibbo Belgore     Musa Yeketi     Ilorin South Constituency     Shuaib Olarongbe     Balogun-Ojomu     Basit Olatunji     Kwara Central     Awodun     Funmi Salau     National Pilot     Ilofa     Mutawalle     Alfa Belgore     Ibraheem Abdullateef     Magaji Are     College Of Education     Kulende-UITH     Marufat Oladosu     Ayo Salami     Abdulmumini Sanni Jawondo     MINILS     Abdulfatah Ahmed     Eghe Igbinehin     Ayodele Kuburat Olaosebikan     Olatunde Michaels     Kwara Pdp     Akorede     Ibrahim Abiodun     Ilesha Gwanara Road     Ahmed Saidu Rufai     Alfa Modibo Belgore     Magaji Erubu     Hijaab     BIR     Yakubu Dogara     MAI Akande     Facemasks     Sunday Popo-Ola     Alimi Abdulrazaq     HYPPADEC     ASUU