Go To Desktop Site
Custom Search

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


Recent Posts

Ajia receives APC decampees in Kwara

Thunderstorms likely in Ilorin

Kwara 2019 : Why the cap fits Ali Ahmad? By Adebayo Abdullahi

'Obtain your PVC now,' Kwara Governor tells residents ahead of 2019 election

Kwara PDP guber aspirant preaches peace among Nigerians

Offa robberies: Police arrest five additional suspects

Eid-Fitr: Ilorin Emirate Youths Felicitate with Muslim Ummah

Offa robberies: Police arrest five additional suspects

Pray For End To Increasing Killings In Kwara, APC Urges Muslims

Opinion Oniyangi, the emerging dark horse in Kwara politics. By Jide Bankole

Kwara Gov asks Muslims to uphold lessons of fast

Offa robbery: Kwara groups differ from PDP, APC over Saraki

Offa Robbery: Allow police do their work, Kwara elders tell Saraki


Most Popular

How Ilorin NBA election was won, lost

2019: Seni Saraki not interested in Kwara guber race - Bukola Saraki

How Afonja (Yorubas) lost the Ilorin throne - Vanguard Newspaper

Justice Mustapha Akanbi is Dead

Buhari Sacks JAMB Boss, 16 Others, Appoints Replacements

Unilorin Appoints New DVC

OPINION: A Pragmatic Approach to Confronting the Twin Evil of Violence & Economic Dependency in Ilorin. By Abdulmumin Yinka Ajia

Governor Ahmed Assigns Portfolios to New Special Advisers and Assistants

Unilorin lecturer builds 'low-temperature' refrigerator

Police arrest 11 suspected cultists in Ilorin

Place, People, Space in Na'Allah's Ilorin Praise Poetry

Mourning the 'Great Son of Agbaji'

Shonga Farms Holdings: A Peep Into The Works Of Nigeria's Zimbabwean Farmers