Nigeria: Wake Up Jaiz!

27 March 2017
opinion

Kano — This is a wakeup call to JAIZ Bank Plc. That at the time when Nigeria is encouraging cashless policy and providing funds to support the Small and Medium Enterprises (SME's) through the Central Bank of Nigeria (CBN) and other development banks such as the Bank of Industry (BOI), Bank of Agriculture (BOA), and a host of others, apparently, the Muslim Community who believe in abstaining from financial transactions with interests are virtually excluded from the process.

For a very long period of time, experts have agreed that Islamic and other Sharia compliant finances is key in bringing in large part of population into an organized financial sector, yet a growing number of the Muslim population are excluded due to non-availability of Islamic products, which JAIZ as a pioneer Islamic Bank in the country is yet to lead.

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