Nigeria’s first Islamic bank begins business in three branches (Page 7)

WHY THIS PEOPLE ALWAYS BEG FOR NOTICE. NIGERIA IS A CHRISTAIN COUNTRY WITH FOREIGN ASYLUM SEEKERS IN THE NORTH, FUNNY BANK PLAN, FROM BANKING HALL, STRAIGHT TO PRE VAULT AND VAULT, NO BULLION BAY, ONE WE IN AND OUT. THIS KIND OF BANK WILL TAKE 10
 SECONDS TO ROB, BRING AM COME EAST. AND LETS SEE. THERE IS A DEVILISH INTEREST BEHIND THIS BANK. TRYING TO SYPHONE OUR NIGERIAN MONEY FROM CBN TO ISMALIC BANK, AND WANT EVERYONE TO FOLLOW THEIR YEYE RELIGION COS THEY WILL LIKE TO MANIPULATE THE ECONOMY. MY MONEY WILL NOT ENTER THERE. TUFIA.  IT WILL BE FOR ALL THE GWORO, KILISHI AND BURUTASHI SELLERS. I CAN WAIT TO HEAR THIS NEWS, ISLAMIC BANK ROBBED, 56 SHOT AND PROPERTY DESTROY. DONT MESS WITH US. THIS ABOKI REFUGEES, I THOUGHT YOU PEOPLE ARE MEANT TO BE ON THE STREET, WITH CHEWING STICK.

YOU MADE GOOD COMMENT

ABUJA — Nigeria’s first licenced Islamic bank, Jaiz Bank Plc, has commenced full operation of non-interest commercial banking in Nigeria from three branches in Abuja, Kaduna and Kano.

A staff of the bank in Abuja Office said most of the early customers were groups of business institutions and private individuals from different religious persuasions making enquiries as well as opening different accounts.

The officer in Operations Department said the service of the bank was opened to everyone that is interested in the non-interest products.

The introduction of Islamic banking is part of a drive by the Central Bank of Nigeria, CBN, to propel Nigeria’s economy and promote financial inclusion by introducing alternative products. The non-interest regime offers veritable incentives and attractive options for investors.

At its inaugural Annual General Meeting (AGM), Chairman of Jaiz Bank, Alhaji Umar Mutallab said: “The whole idea of the banking option is to bring more people into banking in Nigeria that provides banking without interest.”

Mutallab, who was Chairman of FirstBank, further added: “This kind of banking is for all religions because no religion wouldn’t want to help, especially funding critical project without using interest elements.

“Whether it is Christianity or Judaism, every community wants to borrow money without being bugged down with multi-layer interest structure.

“This banking option is a product with a difference. We hope our brothers from the divide will see it as an ethical bank which is not meant to promote a particular religion. It is for all Nigerians and not Muslims alone. Once you have a viable project proposal which is ethical, which doesn’t cater for such things as liquor, gambling etc, it becomes a halal (lawful) project and would be looked into by the bank.”

Islamic banking, also known as participant banking, is banking activity that is consistent with the principles of Islamic law and its practical application through the development of Islamic economics. The system prohibits the fixed or floating payment or acceptance of specific interest or fees like usury for loans of money.
reference:http://www.vanguardngr.com/2012/02/nigerias-first-islamic-bank-begins-business-in-three-branches/

look at this broad day dreamer , its that stupidity and evil intentions in you that killing you all , where did you get that your mad ideal that nigeria is a christian country? you need to go and have your head examinso , alot of things have gone wrong with you so