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LequteMan
Guest
Registrar and founder of the Islamic Institute of Accounting and Finance in Nigeria, Dr. Asiwaju Busari Shaamsuddeen Akande, is confident that Islamic Banking will come to stay in Nigeria.
Speaking in Calabar at the end of a mega rally, he said Islamic banking has "a bright future and an assured place in the country's financial sector."
"Non-interest banking returns on accounts are based on investment income rather than on interest payments. The real competitive advantage they have is that they are ethically constructed," he said.
He said Islamic banking is gathering a tempo in the country and the Islamic financial institute is positioned to promote its knowledge and understanding. According to him, this would help to influence customers' perception towards Islamic banking principles and practices.
Daily Trust
Speaking in Calabar at the end of a mega rally, he said Islamic banking has "a bright future and an assured place in the country's financial sector."
"Non-interest banking returns on accounts are based on investment income rather than on interest payments. The real competitive advantage they have is that they are ethically constructed," he said.
He said Islamic banking is gathering a tempo in the country and the Islamic financial institute is positioned to promote its knowledge and understanding. According to him, this would help to influence customers' perception towards Islamic banking principles and practices.
Daily Trust
