28 Million Nigerian Muslims Are Waiting For Islamic banking

Date: 28-07-2011 7:07 pm (12 years ago) | Author: Daniel Bosai
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- at 28-07-2011 07:07 PM (12 years ago)
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The Special Adviser to the Central Bank Governor on non-interest (Islamic) Banking in Nigeria, Dr. Bashir Umar, has said that about 28.45 million Muslims in Nigeria are excluded from banking.

 

He also said a sizeable number of Muslims had no confidence in the existing system, saying this was an effective financial exclusion.

He added that the maintenance of public trust and confidence was essential to the soundness and stability of the financial system.

According to him, Islamic banking was necessary to fast-track financial services and infrastructure financing in the country.

Umar spoke on Wednesday in Ilorin at a seminar on the "Non-interest (Islamic) banking in Nigeria: Opportunities and challenges".

He said Islamic banking would integrate many Muslims into the banking and financial services.

The seminar was jointly organised by Al-Barka Trust Fund and Department of Islamic Law, Faculty of Law, University of Ilorin.

Umar said, "Financial inclusion will bring a lot of benefit to the economy. Financial inclusion is a constitutional right of every citizen. Non-interest banking is set to achieve financial inclusion. Islamic banking was introduced by secular states to achieve this goal; it is set to achieve it in Nigeria. Other forms of non-interest banking have the same potential if introduced along the lines of introducing Islamic banking."

The Business Manager, Diamond Bank, Regional headquarters, Kano, Mr. Muhammad Shuaib, who also spoke at the lecture, said there was lack of adequate personnel to handle Islamic banking in the country, adding that more personnel should be trained to make the operation of the Islamic banking by Nigerians operational and effective.


Posted: at 28-07-2011 07:07 PM (12 years ago) | Addicted Hero
- luther4real at 28-07-2011 07:56 PM (12 years ago)
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make them park well jor. Angry Angry
Posted: at 28-07-2011 07:56 PM (12 years ago) | Gistmaniac
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- ajanni at 28-07-2011 10:49 PM (12 years ago)
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very good
Posted: at 28-07-2011 10:49 PM (12 years ago) | Grande Master
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- feyee at 29-07-2011 04:35 AM (12 years ago)
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 Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed
Posted: at 29-07-2011 04:35 AM (12 years ago) | Upcoming
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- Simon-Zeletus at 29-07-2011 04:56 AM (12 years ago)
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And so what?
Posted: at 29-07-2011 04:56 AM (12 years ago) | Gistmaniac
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- shaoyang at 29-07-2011 05:05 AM (12 years ago)
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It will be allowed to function only if it's headed by a priest with chritian workers and the name change ...... else u guyz better quit beating aboout the bush........ IT CANNOT WORK!
Posted: at 29-07-2011 05:05 AM (12 years ago) | Gistmaniac
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- everkindboy at 29-07-2011 05:36 AM (12 years ago)
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WHAT WE FORBID ON EARTH IS FORBIDEN IN HEAVEN. THE AXE OF GOD IS LAID TO THE ROOT AND CUT DOWN. IT BEGAN WITH CONFUSION AND SO IT WILL END UP. ALL THOSE WHO ARE PROMOTING THIS WILL SEE THE BEGINNING BUT WILL NOT SEE THE END OF IT. THE ZEAL OF THE LORD WILL BRING THIS TO PASS THAT THEY MAY KNOW THEY HAVE NOT RISEN UP AGAINST MAN BUT GOD.
Posted: at 29-07-2011 05:36 AM (12 years ago) | Upcoming
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- solo4real at 29-07-2011 06:51 AM (12 years ago)
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i have no doubt in my mind that sanusi came wt an agenda. he started wt his so called banking reform where he unlawfully transferred ownership of otherwise healthy banks to northern cronies while destroying the banking sector which before now used to be the highest employer of labour but now what we witness is daily lay off of workers.....'reformation indeed'. Now he wants to eclipse his plan by bringing sharia banking which will not help but rather polarise and divide the nation further. We are going to have a situation where all the muslims use a different bank from christians...this is segregation, separationism, sectarianism, divisionism and will surely tear this country apart!! The quicker the islamic banking proposal is dumped the better for us, its not a welcome idea at all and will never be in the interest of peace and unity of this country!!
Posted: at 29-07-2011 06:51 AM (12 years ago) | Newbie
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- yenibaby at 29-07-2011 07:44 AM (12 years ago)
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mtchwwwww
Posted: at 29-07-2011 07:44 AM (12 years ago) | Upcoming
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- Larrydoh at 29-07-2011 08:12 AM (12 years ago)
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AM OF THE OPINION THAT ALL OF YOU THAT ARE OPPOSING ISLAMIC BANKING ARE BEING SENTIMENTAL ON THE ISSUE PURPOSELY BECAUSE YOU ARE AT THE OTHER SIDE OF THE RELIGION.

WHAT WE SHOULD LOOK AT IS THE BENEFIT OF ISLAMIC BANKING WHICH YOU PEOPLE FAIL TO LOOK AT.
WHAT IS THE POSITION OF THE TWO RELIGION ON INTEREST IN BANKING

IF SOME SET OF PEOPLE DONT LIKE INTEREST AND THEY WANT A BANKING SYSTEM THAT WILL SUIT THEM SO LET IT BE.

HOW MANY UNIVERSITIES IN NIGERIA ARE OWN BY CHRISTIAN/CHURCHES AND HOW MANY OWN BY MUSLIM/ISLAMIC ORGANISATION?

YET NO MUSLIM COMPLAIN ABOUT THIS

THE BANKING SYSTEM IN NIGERIA TODAY ARE DOMINATED BY CHRISTIAN EITHER BY EMPLOYER OR EMPLOYEE

YET NO MUSLIM FOR ONE DAY COMPLAIN ABOUT THIS.

SO LET PEACE RAIN IN THIS COUNTRY AND LET US FACE DEVELOPMENTAL ISSUES

THE PROPHETS WE CLAIM TO FOLLOW(MUHAMMAD/JESUS) ARE GOD'S TREASURE AND THEY HAVE NOT ONE DAY CONDEMN EACH OTHER

SO WHY WE THE FOLLOWER WANT TO KILL OURSELVES BECAUSE OF TRIVIAL ISSUES

THERE ARE QUOTATION FROM THE BIBLE AND QURAN THAT CONDEMN INTEREST AND WE ALL KNOW

WE SHOULD HAVE IT IN MIND THAT THIS WORLD IS A TEMPORARY PLACE AND WE WILL LEAVE ONE DAY. OUR FOCUS SHOULD BE WHERE WE ARE GOING TO
Posted: at 29-07-2011 08:12 AM (12 years ago) | Newbie
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- ajanni at 29-07-2011 08:13 AM (12 years ago)
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Quote from: shaoyang on 29-07-2011 05:05 AM
It will be allowed to function only if it's headed by a priest with chritian workers and the name change ...... else u guyz better quit beating aboout the bush........ IT CANNOT WORK!

you lie , it will work fine -fine
you must be kidding
Posted: at 29-07-2011 08:13 AM (12 years ago) | Grande Master
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- Unlimitedd at 29-07-2011 08:40 AM (12 years ago)
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This isnt making any sense....

Posted: at 29-07-2011 08:40 AM (12 years ago) | Upcoming
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- ajanni at 29-07-2011 08:44 AM (12 years ago)
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it makes alot of senses
Posted: at 29-07-2011 08:44 AM (12 years ago) | Grande Master
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- lanudja at 29-07-2011 08:46 AM (12 years ago)
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Quote from: shaoyang on 29-07-2011 05:05 AM
It will be allowed to function only if it's headed by a priest with chritian workers and the name change ...... else u guyz better quit beating aboout the bush........ IT CANNOT WORK![/color]

I dey feel u my G...
Posted: at 29-07-2011 08:46 AM (12 years ago) | Hero
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- Malachi09 at 29-07-2011 08:46 AM (12 years ago)
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mtcheeeew.. All diz aboki'z neva wan catch sense... Ah no blaim them

Posted: at 29-07-2011 08:46 AM (12 years ago) | Upcoming
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- ajanni at 29-07-2011 08:50 AM (12 years ago)
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then , blame your self
Posted: at 29-07-2011 08:50 AM (12 years ago) | Grande Master
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- frayoj at 29-07-2011 08:54 AM (12 years ago)
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Quote from: Larrydoh on 29-07-2011 08:12 AM
AM OF THE OPINION THAT ALL OF YOU THAT ARE OPPOSING ISLAMIC BANKING ARE BEING SENTIMENTAL ON THE ISSUE PURPOSELY BECAUSE YOU ARE AT THE OTHER SIDE OF THE RELIGION.

WHAT WE SHOULD LOOK AT IS THE BENEFIT OF ISLAMIC BANKING WHICH YOU PEOPLE FAIL TO LOOK AT.
WHAT IS THE POSITION OF THE TWO RELIGION ON INTEREST IN BANKING

IF SOME SET OF PEOPLE DONT LIKE INTEREST AND THEY WANT A BANKING SYSTEM THAT WILL SUIT THEM SO LET IT BE.

HOW MANY UNIVERSITIES IN NIGERIA ARE OWN BY CHRISTIAN/CHURCHES AND HOW MANY OWN BY MUSLIM/ISLAMIC ORGANISATION?

YET NO MUSLIM COMPLAIN ABOUT THIS

THE BANKING SYSTEM IN NIGERIA TODAY ARE DOMINATED BY CHRISTIAN EITHER BY EMPLOYER OR EMPLOYEE

YET NO MUSLIM FOR ONE DAY COMPLAIN ABOUT THIS.

SO LET PEACE RAIN IN THIS COUNTRY AND LET US FACE DEVELOPMENTAL ISSUES

THE PROPHETS WE CLAIM TO FOLLOW(MUHAMMAD/JESUS) ARE GOD'S TREASURE AND THEY HAVE NOT ONE DAY CONDEMN EACH OTHER

SO WHY WE THE FOLLOWER WANT TO KILL OURSELVES BECAUSE OF TRIVIAL ISSUES

THERE ARE QUOTATION FROM THE BIBLE AND QURAN THAT CONDEMN INTEREST AND WE ALL KNOW

WE SHOULD HAVE IT IN MIND THAT THIS WORLD IS A TEMPORARY PLACE AND WE WILL LEAVE ONE DAY. OUR FOCUS SHOULD BE WHERE WE ARE GOING TO



Rubbish with your preaching, if there is no other thing behind this so call silly banking why the cracking and breaking of your head. If you dont have something to write just keep reading and all of you to stop making noise it can never work. Fools
Posted: at 29-07-2011 08:54 AM (12 years ago) | Newbie
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- jspcoll at 29-07-2011 08:57 AM (12 years ago)
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well personally i see no wrong in this islamic banking since it will be lending money to people, atleast all those jobless almajiris in the north can start something, but it has to be seriously monitored because it can be used to sponsor terrorism and thats the fear of most nigerians
Posted: at 29-07-2011 08:57 AM (12 years ago) | Newbie
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- ezecyyyy at 29-07-2011 08:58 AM (12 years ago)
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Imagine what a special advicer is saying,what qualifies him to be an adviser in the first place,  28.45 million Muslims in Nigeria are excluded from banking. instead of 28.45m illiterates and poor muslims don't prefer banking service. nonsense let them get ready for what ever they want this time around.
Posted: at 29-07-2011 08:58 AM (12 years ago) | Upcoming
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- Idbabe at 29-07-2011 09:00 AM (12 years ago)
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e go pass 28 million, dem no go join the ones inside their belle too?
Posted: at 29-07-2011 09:00 AM (12 years ago) | Hero
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