An academic, Lukman Abdulraheem, has called on Nigerians to support the adoption of Islamic Banking in the country. Abdulraheem, a lecturer at the Yaba College of Technology, on Monday, in Lagos, said “Islamic banking possesses the power to shoot up Nigeria’s economy from recession to lofty heights”.
According to him, Islamic banking had a lot of benefits that could transform Nigeria’s economy into a “pluralistic economy” as the non-conventional mode of banking, which was hinged on profit-loss sharing between the financial institutions and the customers, would help in lessening the risks borne by customers……………………………………….Full Article: Source