• About
  • Advertise
  • Careers
  • Contact
Friday, July 18, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

Islamic Financial System Aligns With UN Social Development Goals –SEC DG

by ReportersAtLarge
October 19, 2017
in Featured, News
Reading Time: 3 mins read
0
SEC-Boss-Mounir-Gwarzo

Director-General, SEC, Mounir Gwarzo

Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

DIRECTOR-GENERAL of the Security and Exchange Commission (SEC), Mr. Mounir Gwarzo, has said that the Islamic Financial System aligns and compatible with initiatives and principles of the United Nations Sustainable Development Goals (SDGs), hence the spate of its global acceptance.

According to him, financial inclusion, financial stability, and infrastructure development are key contributions to the Islamic Financial System to Sustainable Development Goals, while he added that there is a natural link between Islamic Finance SDGs in that it provides a viable alternative to source finance and that it is a scalable funding source.

Gwarzo said this in a keynote address delivered on his behalf at the opening ceremony of a two-day 3rd African Conference on Islamic Finance 2017, held at the Transcorp Hilton, Abuja on Monday.

The Director-General said the emergence of Islamic Finance is a practical alternative for capital raising and that global financial centers has amended their laws to accommodate for Islamic financial instruments and products, so Nigeria and other West African countries are largely participating in Islamic financial system and its products.

He said internationally, the Islamic Financial System Board serve as an international standard-setting body of regulatory and supervisory agencies.

RelatedPosts

Kano University Tops The List As JAMB Uncovers Over 9,000 Illegal Admissions In Nigerian Tertiary Institutions

Donald Trump Suffering From Chronic Vein Condition, White House Confirms

OPC Leader Mourns Buhari, Awujale, Calls for Improved Healthcare And Cultural Preservation

The Security and Exchange Commission, he stated, has developed the Non-Interest Capital Market (NICM) Plan in recognition of the fact that proceeds of a non-interest capital market are a veritable source of funding capital and infrastructural projects.

The NICM Plan, he added, was meant to; build a strong regulatory foundation for a non-interest capital market, encourage the development of the market stakeholders and o create a regional hub for a non-interest capital market.

The Chief Executive Officer of Metropolitan Skills Limited, organizers of the conference, Mrs. Ummahani Amin Ahmad said the formidable growth of Islamic Finance has recently been bolstered by the global move towards ethical, socially responsible, sustainable and impactful solutions.

According to her, recent reports indicate that 1 in 5 dollars is invested ethically and more than 60% of total investment in Europe is based on some form of ethical investment, adding that Islamic finance tenets have been lauded for their ethical premise.

She said it is veritable that public perception of ethical finance often differs from the measurable impact on financial inclusion and living standards.

According to her, the 3rd African International Conference on Islamic Finance convened leading professionals, research scholars and subject matter experts to exchange and share their experiences and results on all aspects of Islamic Finance.

The experts, she said, were drawn to consider the divergence of perception from real impact and consider the role of awareness in bridging this gap because this developing sector that has the potential to create a significant impact on lives of the millions living in the West African region.

The chairman of the occasion, Alhaji Umar Murtallab said the Islamic financial banking services is getting stronger globally acceptance and that Nigerian financial environment is embracing Islamic financial instruments such as Sukuk and Halal.

He said this was evident in the over-subscription of the Sukuk financial investment and its implementation by the Federal Government and the  Osun State government.

The Non-Interest Capital Market (NICM), he said is sharia-compliant as well as aligning with the ethical financial system.

The chairman of Jaiz Bank call on the Central Bank of Nigeria, the Security and Exchange Commission (SEC) and other financial regulatory agencies in the country to set up a veritable platform for the implementation of the halal instrument because of its importance to a foreign export trading of goods and commodities.

He said Halal Certification is now a requirement on goods to be exported to countries in the Middle East and Asia, stressing that the Certification has also become a requisite for importing goods into a few Western nations.

The Special Guest of Honour, His Eminence, Muhammad Sa’ad Abubakar III, Sultan of Sokoto also hoped that regulatory agencies will create more awareness for Islamic financial instruments, so that many Nigerians will embrace it and for it to increase financial inclusiveness.

Speaking through the Emir of Argungu, His Royal Highness, Alhaji  Samaila Muhammed, the Sultan commended the mileage achieved by Osun State government in investing in  non-interest Islamic financial products, to finance infrastructural projects in the state.

Panelists who are experts in the financial circle who were invited to discuss topics earmarked for the two days events include; Mallam Hassan Usman, Managing Director of Jaiz Bank Plc, Dr. Chidi Izuwa, Director General, Infrastructure Concession Regulatory Commission, Mr. Umar Ibrahim, Managing Director, Nigeria Deposit Insurance Corporation, Mustapha Bintube, Chairman, Buraq Capital, Dr. Abdulrazaq Alaro and Abba Bello, Managing Director, NEXIM Bank.

Metropolitan Skills Limited is accompany established to deliver a world class result-oriented and capacity building corporate and consultancy services to clients of different backgrounds.

Tags: Islamic Financial SystemMounir GwarzoSDGSEC Boss
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

JAMB Registrar, Prof. Ish-aq Oloyede
News

Kano University Tops The List As JAMB Uncovers Over 9,000 Illegal Admissions In Nigerian Tertiary Institutions

by ReportersAtLarge
July 17, 2025
0

The Joint Admissions and Matriculation Board (JAMB) has flagged 9,469 admissions across 20 tertiary institutions in Nigeria in the 2024...

Read moreDetails
Donald Trump disqualified from the 2024 US Election
WorldNews

Donald Trump Suffering From Chronic Vein Condition, White House Confirms

by ReportersAtLarge
July 17, 2025
0

Donald Trump is suffering from a chronic vein condition, the White House announced on Thursday, after days of speculation regarding...

Read moreDetails
News

OPC Leader Mourns Buhari, Awujale, Calls for Improved Healthcare And Cultural Preservation

by ReportersAtLarge
July 17, 2025
0

A National Leader of the Oodua People's Congress (OPC), Comrade Adesina Akinpelu, has expressed his condolences to the people of Daura,...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Isaiah Gyamfi 2-Year Old Math Genius Who Taught Himself Japanese

This 2-Year-Old Math Genius Learnt How To Count In Japanese In A Day

4 years ago
Helen Paul

How I Became Professor In US, Comedienne Helen Paul Reveals

3 years ago

Popular News

  • JAMB Registrar, Prof. Ish-aq Oloyede

    Kano University Tops The List As JAMB Uncovers Over 9,000 Illegal Admissions In Nigerian Tertiary Institutions

    0 shares
    Share 0 Tweet 0
  • Donald Trump Suffering From Chronic Vein Condition, White House Confirms

    0 shares
    Share 0 Tweet 0
  • Sean Dampte Addresses Low Voter Turnout in Lagos LG Elections

    0 shares
    Share 0 Tweet 0
  • OPC Leader Mourns Buhari, Awujale, Calls for Improved Healthcare And Cultural Preservation

    0 shares
    Share 0 Tweet 0
  • Why Traditional Institutions Must Be Integrated Into Nigeria’s Devt Systems – Makinde

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Sean Dampte Addresses Low Voter Turnout in Lagos LG Elections July 18, 2025
  • Kano University Tops The List As JAMB Uncovers Over 9,000 Illegal Admissions In Nigerian Tertiary Institutions July 17, 2025
  • Donald Trump Suffering From Chronic Vein Condition, White House Confirms July 17, 2025
  • OPC Leader Mourns Buhari, Awujale, Calls for Improved Healthcare And Cultural Preservation July 17, 2025
  • Why Traditional Institutions Must Be Integrated Into Nigeria’s Devt Systems – Makinde July 16, 2025
October 2017
SMTWTFS
1234567
891011121314
15161718192021
22232425262728
293031 
« Sep   Nov »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights