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

Non-interest Banking Is For Everyone

Non-Interest banking is an alternative form of banking which is available to all Nigerians irrespective of their religion. Many of these universal principles of non-interest banking are shared by and appeal to people from various faiths. Principles such as justice, mutual help and honesty on the part of the parties to a contract; avoiding misrepresentation or misstatement of facts; and avoiding unethical practices such as price manipulation, bribery or exploitation are sought by all people in society.

Many people in the world from different religious backgrounds and those of no faith are seeking a fairer and more inclusive financial system. They have spoken out about the adverse impact of interest. 

“The ethical principles on which Islamic finance is based may bring banks closer to their clients and to the true spirit which should mark every financial service”

Vatican Publication, Osservatore Romano (04/03/2009)

Shared Values Amongst Abrahamic Faiths

The major Abrahamic religions of the world share mutual ethical concepts of finance and aversion to interest. This can be seen from the following verses of their respective scriptures.

Deuteronomy (5th book of The Torah) 23:19: “Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of anything that is lent upon usury” Psalm 15:1, 2, 5: “LORD, who shall abide in thy tabernacle? Who shall dwell in thy holy hill? He that walketh uprightly, and worketh righteousness, and speaketh the truth in his heart. He that putteth not out his money to usury, nor taketh reward against the innocent. He that doeth these things shall never be moved.” Quran 2: 278-279: “O you who believe: fear Allah and forgo what remains of usury (riba) if you are believers. If you will not, then know of a declaration of war (against you) from Allah and His Messenger. But if you turn back, you shall have your capital sums: Deal not unjustly and you shall not be dealt with unjustly”