IslamicFinance.de

Regarding its economic situation and the quest for a solution in Nigeria, Islamic Finance is believed to be able to redeem it because of the ethical and moral values within the Islamic banking system.
Alhaji Sulaimon Yusuf, who spoke at the Muslim Association of Nigeria 34th Triennial National Conference in Lagos, said that Islamic finance is playing an important role in promoting socially desirable investments, economic empowerment, employment opportunities and resuscitation of real sector of economy. Further he said: "We have confidence in the economic packages and policies of the present administration and feel that a lot more needs to be done to alleviate the suffering of the masses"

Tajudeen Yusuf, President at the Institute of Islamic Finance Professionals (IIFP), has advised parents to encourage their children to study Islamic finance. Yusuf gave the advice on Sunday at the 34th Triennial Conference of the Muslim Association of Nigeria (MAN). The theme of the national conference was "Path to National Economic Recovery, Growth and Development – The Islamic Perspective". According to Yusuf, Islamic Finance helps to redistribute wealth and reduce income inequality, as well as promotes inclusiveness through stakeholders participation. At the conference a new national executive was elected to run the affairs of the organization for the next three years. They include Alhaji Tajudeen Ojikutu (President), Dhikrullah Yagboyaju (Vice President), Ganiu Salawu (Secretary) and Nurat Adebayo (Public Relations Officer).