So much noise is echoing over the planned introduction of Islamic Banking in Nigeria, but making the loudest noise does not mean you are making sense or wise.
I have seen that the so called Nigerian Christians who are afraid of Islamic banking are just ignorant of the facts, because they have failed to read and research to find out the truth about Islamic banking.
The notorious North versus South dichotomy destroying the stability and unity of our common sovereignty is now threatening the prospects of Islamic banking in Nigeria.
It would be good if we separate politics from Islamic Banking and address the economic benefits to the masses of the Nigerian population.
There is absolute nothing wrong with Islamic Banking and far from the misinformation of the Nigerian Christian clerics, it does not translate to the Islamization of Nigeria.
Read the report on the Constitutionality of Islamic Banking by the University of Ilorin on
http://www.unilorin.edu.ng/publications/abikan/CONSTITUTIONALITY%20OF%20ISLAMIC%20BANKING.pdf
May I also recommend the report on Ethica Trains 100 American Imams in Islamic Finance published by Nigerians Report.
Showing posts with label Muslim communities. Show all posts
Showing posts with label Muslim communities. Show all posts
Monday, July 18, 2011
Ethica Trains 100 American Imams in Islamic Finance
18 Jul 2011 03:00 Africa/Lagos
Ethica Trains 100 American Imams in Islamic Finance
DUBAI, UAE, July 18, 2011/PRNewswire/ --
Two Months of Rigorous, First Ever Islamic Finance Training Successfully Completed
What does it take to bring 7 million American Muslims Islamic finance? Maybe training only 100 prominent religious leaders as a small first step. That is what the founding members of the American Islamic Finance (AIF) Project have now successfully accomplished. Jointly founded by Ethica Institute of Islamic Finance, Guidance Financial, and the Islamic Society of North America, the AIF Project seeks to promote standards-based Islamic finance among Muslim communities in North America.
The training program began with an inaugural address by Mufti Taqi Usmani, chairman of AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions), the world's leading standard-setting body. Ethica's spokesperson said, "Muslims in America rely on their imams for all kinds of information. By giving these community leaders direct training in the practical application of Islamic finance, Ethica now equips them with an understanding of global standards."
Ethica's two-month imam training program looks to become an annual event. The program was successfully completed this month after Ethica delivered a rigorous blend of e-learning, including case studies, exercises, and exams, in addition to intensive classroom instruction. With fewer banks and universities opting for face-to-face training, and more institutions adopting the increasingly popular e-learning option, Islamic finance is set to become more accessible to countries outside of the Gulf.
Ethica Institute of Islamic Finance
With over 20,000 paid users in more than 40 countries in 2011, Ethica (http://www.EthicaInstitute.com) is the world's leading accredited Islamic finance training and certification institute, with more learners than any other Islamic finance organization in the world. Ethica remains the only institute in the world to deliver standardized certification based entirely on the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the leading standard-setting body in the industry.
Guidance Residential
Guidance is the leading US provider of Sharia-compliant home financing with over $2 billion in home financings. It is a subsidiary of Guidance Financial Group, an international company dedicated to serving the market for Sharia-compliant financial products and services. Guidance Financial Group offers unique investment products to institutional investors and financial intermediaries worldwide, and provides financial services to its retail customer base in the United States.
Islamic Society of North America
ISNA is an association of Muslim organizations and individuals that provides a common platform for presenting Islam, supporting Muslim communities, developing educational, social and outreach programs and fostering good relations with other religious communities, and civic and service organizations.
For more information about this article, or to schedule an interview with Ethica Institute of Islamic Finance, please e-mail contact@EthicaInstitute.com.
Source: Ethica Institute Of Islamic Finance
Islamic Banking.
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