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The Non-Interest Financial Institution Association of Nigeria(NIFIAN) recently hosted its 3rd webinar with the theme “Transformational Development through Non-Interest Finance”. Non-interest finance aims to align with economic development and social welfare across the globe. Non-interest finance in Nigeria has improved social welfare and financial inclusion. The 2021 survey by Efina showed that 36% of adults […]

Given the current state of the global economy amidst the pandemic, the concepts of risk and return sharing in Islamic finance can boost business and economic revival, according to Hassan Usman, Managing Director of Jaiz Bank (Nigeria) and President of the Non-Interest Financial Institution Associations of Nigeria (NIFIAN). Why it Matters? Islamic finance in Nigeria

The Non-Interest Financial Institutions Association of Nigeria is collaborating to develop new products approved by the Central Bank of Nigeria ( CBN) that would improve the liquidity of non-interest banks. Mr. Hassan Usman, the MD/CEO of Jaiz Bank Plc, disclosed this while discussing “Repositioning Non-Interest Banking to Deepen Financial Inclusion in Nigeria.” He said the