An associate professor at the University of Lagos, Dr. Tajudeen Yusuf, has advised parents to encourage their children to study Islamic finance to benefit from new opportunities emerging from the sector.
Yusuf who is the Acting President, Institute of Islamic Finance Professionals (IIFP), gave the advice on Sunday at the 34th Triennial Conference of the Muslim Association of Nigeria (MAN) in Surulere, Lagos.
The theme of the national conference is ‘Path to National Economic Recovery, Growth and Development – The Islamic Perspective’.
According to him, Islamic Finance helps to redistribute wealth and reduce income inequality and poverty as well as promotes inclusiveness through stakeholders participation.
“Nigeria does not have business with poverty because all the indices and indicators for any nation to grow are in place but the problem of Nigeria is the redistribution of its resources.
“Our problem is greed and lack of contentment; for us to have even distribution of resources is through Islamic finance because no country can survive on interest.
“Islamic finance shares your risks and so let us change our attitude by encouraging our children to be educated in Islamic finance in view of the huge opportunities emerging from that sector,” the IIFP president said.
He said that the role of the IIFP was to assist in the formation of Islamic finance model suitable for individuals and organisations through the provision of broad range of interest-free financial services.
Alhaji Sulaimon Yusuf, National President of MAN, said that the association believed that the country’s current economic situation was redeemable.
“We have confidence in the economic packages and policies of the present administration and feel that a lot more needs to be done to alleviate the sufferings of the masses,” the MAN president said.
Also speaking, Chairman, Lagos State Secretariat Mosque, Alausa, Alhaji Lawal Pedro, decried the rate at which warehouses and manufacturing companies were converted to places of worship and event centers.
He said that there would not be sustainable growth and development in the country without industries and manufacturing companies.
“Go to our industrial estates, all the factories have closed down, they are no longer manufacturing; a nation whose manufacturing outfits have been converted to worship and event centers is not economically sustainable,” Pedro said.
EduCeleb.com reports that a new national executive was elected at the conference to run the affairs of the organization for the next three years.
They included Alhaji Tajudeen Ojikutu (President), Dr Dhikrullah Yagboyaju (Vice President), Mr Ganiu Salawu (Secretary) and Mrs Nurat Adebayo (Public Relations Officer}.
Founded in Lagos in 1959, MAN was established to propagate Islam and Islamic education across Nigeria.