Sharia Council Explains Rapid Growth of Islamic Banking in Nigeria
The Supreme Council for Sharia in Nigeria (SCSN) says Islamic banking is expanding swiftly because it offers interest-free, ethically grounded financial solutions aligned with Islamic principles. Speaking at a major workshop in Kano, SCSN President Dr. Bashir Aliyu Umar highlighted the sector’s emphasis on fairness, risk-sharing, and responsible financial practices, noting the presence of five fully established Islamic banks in Nigeria. The event also featured BUK’s announcement that Summit Bank will offer automatic five-year employment to its top Islamic finance graduates. Over 250 stakeholders attended the conference, aimed at deepening understanding of Sharia-compliant finance and modern regulatory practices.
The Supreme Council for Sharia in Nigeria (SCSN) says Islamic banking is expanding swiftly because it offers interest-free, ethically grounded financial solutions aligned with Islamic principles. Speaking at a major workshop in Kano, SCSN President Dr. Bashir Aliyu Umar highlighted the sector’s emphasis on fairness, risk-sharing, and responsible financial practices, noting the presence of five fully established Islamic banks in Nigeria. The event also featured BUK’s announcement that Summit Bank will offer automatic five-year employment to its top Islamic finance graduates. Over 250 stakeholders attended the conference, aimed at deepening understanding of Sharia-compliant finance and modern regulatory practices.
Sharia Council Explains Rapid Growth of Islamic Banking in Nigeria
The Supreme Council for Sharia in Nigeria (SCSN) says Islamic banking is expanding swiftly because it offers interest-free, ethically grounded financial solutions aligned with Islamic principles. Speaking at a major workshop in Kano, SCSN President Dr. Bashir Aliyu Umar highlighted the sector’s emphasis on fairness, risk-sharing, and responsible financial practices, noting the presence of five fully established Islamic banks in Nigeria. The event also featured BUK’s announcement that Summit Bank will offer automatic five-year employment to its top Islamic finance graduates. Over 250 stakeholders attended the conference, aimed at deepening understanding of Sharia-compliant finance and modern regulatory practices.
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