NON-INTEREST FINANCE

Ethical finance based on the core principles of fairness and social justice.

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Non-interest finance is a form of finance that incorporates ethical principles and prohibits the receiving and charging of interest

29 September 2015 NDIC Charges Jaiz Bank On Benefits Of Non-Interest Banking

By Bamidele Ogunwusi (The Daily Independent)

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Nigeria Deposit Insurance Corporation (NDIC) has admonished the Management of Jaiz Bank Plc to embark on intensive public awareness and financial education on the benefits of non-interest banking practice in the country in order to improve the volume of patronage.

Managing Director of NDIC, Alhaji Umaru Ibrahim, stated that the benefits of profit and loss banking is a mutually rewarding partnership among all participants in the Islamic Banking in line with its business practices.

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