Almost Half Of Shareholders In Islamic Bank Nigeria Are Not Muslim
The 14th Emir of Kano and former governor of Central Bank of Nigeria, is calling for religious tolerance among Nigerians while canvassing support for Islamic finance.
Lamido Sanusi spoke Sunday in Lagos as the guest of honour at the fifth national discourse organized by The Companion, an association of Muslim businessmen and professionals.
Sanusi said 40% of the shareholders in JAIZ Bank, Nigeria’s first non-interest bank, were non-Muslims.
He said “Islamic finance is interest-free but not profit-free.”
Still, the market share of the Islamic finance industry is low when compared to the conventional market, he added.
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