By Tony Obiechina, Abuja
Treasurers and Financial Controllers of Non-Interest Banks in Nigeria have met to work out solutions to liquidity management challenges that affect Non-Interest banks in the country.
At a recent meeting in Abuja, the bankers agreed to redefine the present narrative on Non-Interest Financial Institutions while forging a common framework that will boost the growth and rapid development of the industry.
Speaking at the inaugural session of Non-Interest Finance Association of Nigeria (NIFAN), the Managing Director TAJBank, Norfadelizan Abdul Rahman said Nigeria’s Non-Interest Industry has “enormous potential but would require the concerted efforts of relevant stakeholders to drive and maximize growth to ensure that it takes a stronger position within its niche.”
While giving examples of different jurisdictions where Non-Interest banking has become the norm, the Managing Director urged participants to “return to their respective banks with a renewed focus on collaboration such that their various efforts under NIFAN would be of benefit to the industry and its customers.”
Mr Abdul Rahman encouraged the body to create a clear agenda that will strengthen and enrich the burgeoning Non-Interest Financial Institutions (NIFI) industry.
