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Nigeria: Jaiz Bank not ploy to Islamise Nigeria–Mutallab

Posted on 17 August 2012

Jaiz Bank is a non-profit bank, otherwise known as Islamic bank, which has generated so much controversy in the polity, especially among the Christian community which fears that it could be a ploy to Islamise Nigeria.
The simple difference is that the conventional banking system charges interest, while Islamic banking does not. In other words, Islamic banking is a non-interest financial institution. Islamic banks deals in ethical transactions; they do not deal in transactions involving breweries and any other thing which runs contrary to the Islamic faith………………………………………..Full Article: Source

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