Anglican Diocese of Ughelli opposes granting of license for Islamic Banking

The Anglican Diocese of Ughelli, Delta State, has condemned the recent approval of a license for Islamic Banking in Nigeria without any known or overt legislative support from the National Assembly.

In a 14-point communiqué at the end of the second session of the fifth synod of the diocese held at St. Mark’s Anglican Church, Otorho-Orogun from April 30 to May 4, 2011, the Diocese of Ughelli, also called for expeditious hearing of cases arising from the polls at the tribunal, while appealing to INEC to bring all electoral offenders to face prosecution to serve as deterrent to others.

The synod also condemned the initiative of Islamic banking, which, it noted, could provoke negative reactions from other Nigerians who are non-Muslims and strongly calls for a revocation of the said license.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Anglican Provinces, Church of Nigeria, Economy, Islam, Muslim-Christian relations, Other Faiths, Religion & Culture, The Banking System/Sector

One comment on “Anglican Diocese of Ughelli opposes granting of license for Islamic Banking

  1. Jeremy Bonner says:

    Do other people find this a little confusing coming on the heels of calls for an [url=http://allafrica.com/stories/201104150964.html]Anglican Bank[/url]?

    Religious banks seem like a commendable concept, but you can’t pick and choose who has the right to charter them.