Former Minister of Finance and Secretary to the Government of the Federation, Chief Olu Falae, has said the term ‘Islamic banking’, negates the secularity of Nigeria. He said, “Both the Bible and the Quran forbid usury. So, if there is a banking system which forbids such a thing, why give it a religious name? Why not something neutral?
“These issues have to be resolved considering the present state of the country. This time is critical because of religious crises and Boko Haram violence. Bringing up a banking system called Islamic banking is bound to be viewed within suspicious.”……………………………………….Full Article: Source