21 July 2011

Nigeria: Expert Wants More Enlightenment On Islamic Banking

There is need to embark on more aggressive enlightenment campaigns on Islamic or non-interest banking to ensure that all Nigerians are adequately informed about the system, an Associate Member of Institute of Islamic Banking and Insurance (IIBI), UK, Shafee Badmos has said.

Badmos said this on Sunday while speaking at one of the series of pre-Ramadan lectures organised in Abuja by Organisation of Thadamunul Muslimeen (OTM), Federal Capital Territory (FCT) branch.

He expressed optimism that the worries being voiced against the non-interest banking system would be over as soon as impact of the much needed enlightenment campaign begins to manifest.

He emphasised the need for both Muslims and non-Muslims to seek more knowledge on non-interest or Islamic banking, noting that some Muslims are not even aware of the benefits derivable from the system.

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