In recognition of its contribution to the growth of Islamic banking in Nigeria, , the non-interest banking unit of Sterling Bank Plc has attracted a $15 million facility from the Islamic Corporation for the Development of the Private Sector (ICD), a multilateral development financial institution and a part of the Islamic Development Bank (IsDB) Group.
Recall that the bank in 2014 and 2015 also received US$25 million from the International Islamic Finance Trade Corporation (ITFC) and US$30 million from the ICD. Both institutions are members of the Islamic Development Bank (IDB) Group. In the same vein, the Central Bank of Nigeria (CBN) had approved an array of innovative non-interest financial instruments which will keep the franchise ahead of industry performance.
ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross border investments.
The bank, in a statement, noted that ICD extended the facility in view of its ability to use non interest banking contracts to structure transactions in innovative ways and the judicious use of past facility extended to it, adding that the fund would provide much-needed liquidity to finance additional projects for the benefit of the public.
While assuring that the bank would make good use of the facility, it also stated that the bank would continue to support the overall objectives of ICD which is mainly to finance projects and provide a wide range of financial products and services, support the development of Islamic financing in Nigeria and beyond through business expansion and complement the role played by ICD in the promotion of the private sector as a vehicle for boosting economic growth and prosperity.
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Okay

okay

Der are even owing me self

good

when humans are sleeping this drinokane still dey book space for nairaland.. ....smh.

this is the only Good thing that came out of Islam...

Islamic Bank....

Islamic bank in a multi religious country and in all the north o North is still poor and back and broke YEYE DEY SMELL

CHANGE MUST BEGIN FROM THE NORTH
Funny but true. IN NIGERIA
President -North.
Senate President -North
Speaker House of Reps - North.
Chief of Staff - North.
SGF--North.
INEC Chairman - North.
Chief Justice of federation - North.
President Court of Appeal - North.
EFCC Chairman - North.
President Federal high court - North.
National Security Adviser - North.
Chief of Army Staff - North. Chief of Air Staff - North.
Controller, Customs
Service - North.
Defense Minister- North. MD Port Authority- North.
MD NDIC - North
Controller Prison Services - North.
Controller of Immigration -North.
Controller of Fire Service North.
Highest looter North.
Richest man in Africa - North.
85% of Petroleum Marketers in Nigeria - Northerners.
80% of Oil Block Owners in Nigeria - Northerners.
99% of beggars in Nigeria - Northerners
99.9% of almajiris - North. Highest rate of child marriage - North.
Boko Haram - North.
Fulani herdsmen militia Terrorising Nigerians - North.
90% of Nigeria's past presidents/Head of state -North.
Yet, the Poorest states in Nigeria and Educationally
backward areas in Nigeria are in the North. Now, ask yourself, what is the problem of the Northerners? Keep forwarding till it get to all their leaders may be they will have to re-think and stop being selfish.....
CAN YOU IMAGINE?

Ntipia:
Islamic bank in a multi religious country and in all the north o North is still poor and back and broke YEYE DEY SMELL

....You are hungry abi ?

northvietnam:
this is the only Good thing that came out of Islam...

Islamic Bank....

This one follow for bank?

paskyboy:
CHANGE MUST BEGIN FROM THE NORTH
Funny but true. IN NIGERIA
President -North.
Senate President -North
Speaker House of Reps - North.
Chief of Staff - North.
SGF--North.
INEC Chairman - North.
Chief Justice of federation - North.
President Court of Appeal - North.
EFCC Chairman - North.
President Federal high court - North.
National Security Adviser - North.
Chief of Army Staff - North. Chief of Air Staff - North.
Controller, Customs
Service - North.
Defense Minister- North. MD Port Authority- North.
MD NDIC - North
Controller Prison Services - North.
Controller of Immigration -North.
Controller of Fire Service North.
Highest looter North.
Richest man in Africa - North.
85% of Petroleum Marketers in Nigeria - Northerners.
80% of Oil Block Owners in Nigeria - Northerners.
99% of beggars in Nigeria - Northerners
99.9% of almajiris - North. Highest rate of child marriage - North.
Boko Haram - North.
Fulani herdsmen militia Terrorising Nigerians - North.
90% of Nigeria's past presidents/Head of state -North.
Yet, the Poorest states in Nigeria and Educationally
backward areas in Nigeria are in the North. Now, ask yourself, what is the problem of the Northerners? Keep forwarding till it get to all their leaders may be they will have to re-think and stop being selfish.....
CAN YOU IMAGINE?

Even if I don't know anything about Nigeria, I know very well that the bolded item is false. Nigeria has been independent and self ruling for 57 years out of which southern leaders; Aguiyi Ironsi, Olusegun Obasabjo and Goodluck Jonathan have been in power for combined 17 years. Your claim of 90% to the North falls flat in the face of this simple evidence. How then do we even take seriously to all the other hate induced list you put up?

Ntipia:
Islamic bank in a multi religious country and in all the north o North is still poor and back and broke YEYE DEY SMELL

Two quotes for you:

1. To be ignorant of one's own ignorance is to be in an unprogressive, uninspired state of existence. ~ David O. McKay

2. Ignorance is the most serious disease of mankind and is the cause of all its ills. Healing is achieved through knowledge. ~ Buddha

Hmmmmmm...........my people are sleeping! Nothing is for FREE oooo.

Indeed the children of this world are wiser than the children of the kingdom....