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.