Addressing the ongoing debate on Islamic banking, the Pentecostal Fellowship of Nigeria said its objection to the proposal is not against the system but against Islamization.
The PFN, in a statement on Thursday by its National Secretary, Pastor Wale Adefarasin, advised that a debate on the issue should be encouraged.
“Avoiding the discussion of the real issues this subject raises, by accusing Nigeria’s Christian leaders of Islamaphobia, reduces the debate to a question of religion, which is regrettable and a diversion,” it said.
The group explained that Nigeria’s founding fathers recognized the need to keep the country from disintegrating due to its religious plurality and therefore enshrined secularity in the nation’s constitution.
“The objections being voiced were the Islamization of non-interest banking as a concept and driving of the very specific ‘Islamic banking’ by the Central Bank of Nigeria, which by our constitution is a secular body,” it said.
The PFN also advised the Central Bank of Nigeria to issue guidelines for “Profit and Loss Sharing Banking or non-interest banking” and allow religious groups to regulate the faith-based aspects of their banking services.