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

Alleged exclusion: PDP candidates threaten to stop Kwara LG polls

Unveiling UNILORIN's VC-designate. By Kunle Akogun Opinions

Flood submerges 450 rice farms in Kwara

Kwara yellow fever patients medically stable

Power play, religious card and Offa APC debacle. By AHMED 'LATEEF

Rugby Federation takes talent hunt programme to Ilorin

Kwara To Host Lagos, Abuja, Niger Clubs In 2-Day Inter-Club Badminton Championship

Drama as Ilorin cemetery rejects corpse of civil servant killed by lightening

Malaria: Relief service distributes 64,000 insecticidal nets in Kwara

When Abuja was shutdown for Ali Ahmad. By AHMED 'LATEEF

Ilorin Youth Games Feat Excites Gov. Emmanuel

Govt donates 6 wheelchairs to special sports basketball team

National Youth Games: Kwara Begins Preparations For 2018


Most Popular

Ahmed Appoints Modupe Oluwole as New Head of Service

Emir Cautions Community Leaders Against Selling Land In Ilorin

Muslim NGOs Urged to Take Documentation Serious

College of Education Ilorin Advertises 2017/2018 Application Form

LG Poll: APC chairmanship candidates emerge in Kwara

My wife is my number one critic - Femi Adebayo

Kwara Records Over 80% Pass In 2017 JSSCE

How Saraki Prepared for Death •Bequeathed Properties to Aides, Needy 3 Months Before Now

Lightning kills civil servant in Kwara

Kwara Govt. shuts 3 schools over exam malpractice

Bokobaru Kaiama Gaani Festival of Unity

ETHNIC PLURALISM IN ILORIN

Viva Cinema makes debut in Kwara