9 November 2011

Nigeria: Kubwa Muslim Community Upbeat On Jaiz Bank

Mohammed Sani Mahmud, Chairman of the Kubwa Muslim Community (KMC) has lauded the granting of provisional license to Jaiz Bank Plc to operate non-interest banking often referred to as Islamic Banking.

Mahmud, in a message delivered at the Muslims' eid praying ground in Kubwa on Sunday to mark the Eid-el-Kabir festival, expressed confidence that the banking system when fully operational would benefit the Muslim community in particular and Nigerians in general.

The KMC Deputy Imam II Dr Rafee Al-Ijebuwi had in his sermon during Eid-el-Fitr festival described the introduction of non-interest banking as a stepping stone towards economic development of the country.

Dr Al-Ijebuwi noted that the Central Bank of Nigeria (CBN) had adopted the non-interest Islamic banking as part of its efforts towards solving the nation's economic problems.

"The Central Bank of Nigeria has recently adopted the non-interest banking system as part of its efforts towards solving our economic problems. The CBN has made the non-interest banking system open to all.

"This is indeed a great achievement for the whole of the nation. Today our society is facing a lot of problems bordering on lack of accountability, widespread injustice and mischief making, which hinder good governance. Embezzlement of public funds has become rampant and bribery has become the order of the day," he said.

Speaking on Sunday on the state of the nation, the KMC Chairman, Mohammed Sani who prayed for peace and security in the country as Muslims mark Eid-el-Kabir festival, charged all Nigerians to submit totally to the will of Almighty God by refraining from bad actions like corruption, injustice and exploitation.

Mahmud expressed hope that God was ready to save the country from the ongoing orgy of violence and iniquities provided all Nigerians rededicate themselves to pursuing those things that will benefit humanity and desist from vices.

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