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Cardinal Okogie Says No To Islamic Banking - Religion (7) - Nairaland

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Re: Cardinal Okogie Says No To Islamic Banking by Pukkah: 2:20pm On Jul 04, 2011
MDEZIE:

For God's Sake, Nigeria is a secular state as contained in the constitution and as such, any other thing against secularism is unconstitutional. It is high time Christians and peace loving Nigerians to the excesses of these Islamic fundamentalists, KUDOS 2 OKOGIE


Is Nigeria really a secular country?

How does requesting for Islamic Banking amount to fundamentalism?
Re: Cardinal Okogie Says No To Islamic Banking by gogodaye(m): 3:20pm On Jul 04, 2011
Why the wild cry of a wolf out in the open when there seems to be none in sight. The christian clerics are out in the open seeking to make themselves heard and important. If some people think that the mere operation of an Islamic bank would change their lotovernight, then they have alot to smoulder over in the not too distant future . Just like the issue of the implementation of "Sharia". We need to have our people cahnge their mind set about wealth and the process of its acquisition. The majority of those who stole the funds in the banks now being resuscitated were" Christians". l lost my had earned savings and funds to these christian brothers, the christian clergy did not find their conduct untoward. Thier gifts to the church was well received and we were told they epitomized evidences of God's blessings to us.

it was the same excuses that were made when licences for the operation and ownership of private universities and radio/television stations were being canvassed. Today both christian and moslem bodies own and run these institutions, they do not offer the best of qualitative education to the under-privileged ones in our midst. their services are and have always remained "elitist."

l have heard these tantrums before, shortly after the take off of the islamic bank, the catholic, anglican, methodist, pentecostal churches would all be openning their own banking shops also. This is how its done in Naija.
Re: Cardinal Okogie Says No To Islamic Banking by maclatunji: 7:10pm On Jul 04, 2011
Una don tire? Continue screaming nah!
Re: Cardinal Okogie Says No To Islamic Banking by maclatunji: 7:51pm On Jul 04, 2011
Re: Cardinal Okogie Says No To Islamic Banking by Waduku(m): 8:23pm On Jul 04, 2011
Dis country is @d verge of collapsing;why wuld a sane mind raised such wicked and I heinous crime of our time.Islamic bank is as dead as the confused shariah law purpoted by d worst consumers of Alcohol and high perpetrators of AdulteERSrs.INFIDELSSSSS
Re: Cardinal Okogie Says No To Islamic Banking by salisuammy(f): 4:10pm On Jul 05, 2011
modified
Re: Cardinal Okogie Says No To Islamic Banking by muyiserra: 4:14pm On Jul 05, 2011
Somtin must be wrong with sanusi, with all his education! listen folk we don't want any muslim bank
in MY country, i dont even know what we are waiting for,
REFERENDUM is all we need!!!!
Re: Cardinal Okogie Says No To Islamic Banking by kennyisaac(m): 4:34pm On Jul 05, 2011
i actually does not support this islamic banking stuf, but if it is mainly to the benefit of NIgerial as a country, then y not lets give it a try, but if those muslims r tryn to usurp power starting from d banking side, then, we'll dejest such perpetrators
Re: Cardinal Okogie Says No To Islamic Banking by salisuammy(f): 4:54pm On Jul 05, 2011
!
Re: Cardinal Okogie Says No To Islamic Banking by omoalaro: 8:56am On Jul 09, 2011
Nigerian Bishops And Islamic Banking, Plus The Missing Link By Aliyu U. Tilde
Posted: July 8, 2011 - 12:06
By Aliyu U. Tilde

I will not be surprised if this essay is short in the end because honestly there is little to add to the blind statements circulated daily around the country in the name of ‘debate’ about ‘Islamic’ banking, which the country, we are told, must ditch for the sake of its ‘unity’. The whole wahala about Islamic banking is mounted on the defective tripod of debate, Islam and unity, which are poorly joined by the clandestine glue of self-interest.

Debate is about objective reasoning. But there is no reason in this one, much less objectivity, at least not to my hearing so far. The speakers opposing the motion of Islamic banking have failed to make a single point, economic or constitutional. Instead, they flaunt threats, as if intimidation will earn them the points which only reason could accord.

There are also reservations about the characterization of the interest-free banking as ‘Islamic’. Many learned people, including some prominent Muslim scholars in Nigeria, would readily argue that interest and usury are not synonyms. But even if we grant that interest is usury, then Islam is not innovative in forbidding it. Christianity and Judaism have earlier condemned strongly. Categorizing it as ‘Islamic’ also gives the feeling, albeit a subtle one, that the contemporary interest-based financial institutions, including the World Bank and the IMF that have aided the proliferation of misery in the world, are Christian. We must not fall into this trap of the bigotry. Let us keep in mind that the West has abandoned many teachings of Christ (blessings be upon him) long ago, just as the Muslims have long abandoned an equal quantum of the teachings of Muhammad (peace be upon him). Very bad followers of the trio – Moses, Jesus and Muhammad – inhabit the world today. Oh Heaven. Come to our rescue.

The third leg is the ‘unity’ of Nigeria that is often used to justify any self-motivated clamor. We have seen this before in the OIC question of the 1980s. It was said that the country would be divided if it becomes a member of the organization though Kenya, Ivory Coast, Ghana, Uganda and so many Christian dominated countries did not give up to the ghost when they took the OIC membership pill. Nigeria must be a strange beast, therefore. The reaction was the same when the country contemplated taking an interest-free loan from Islamic Development Bank. Again, the cry was Nigeria does not need the Bank since it is ‘Islamic’. It should take it from the IMF where, as someone put it, the country finally paid $16billion on a $5billion loan, and still owed the debtors $28billion. But it is cool in the eyes of our Bishops because IMF in their misconstrued judgment is ‘Christian’.

And now it is the turn of interest-free banking that is now a global financial product to reincarnate that blind dissonance. Our ears, again, are deafened by the fallacy of the 80s. Here we go again: ‘This is a plan to Islamize Nigeria’ ‘It is Boko Haram banking’ ‘Nigeria will be divided’. Evidently, a visitor from Mars will not fail, upon hearing these statements, to declare that Nigeria is a haven for imbecility and mischief. A simple survey of the so-called Islamic banking will reveal that it is practiced by ‘Christian’ banks in ‘Christian’ nations like Europe and America, the principal mentors of its antagonists in Nigeria. As if to silence the Christian leadership in Nigeria, the Vatican press published an article extolling the merits and successes of Islamic banking two weeks ago. Poor Vatican! It does not know that Nigerians could be more Catholic than the Pope.

I will plead with my Christian brothers that we the laity should not listen to our local leaders on this matter. Reason should prevail. It is high time someone bold enough among our brothers rise to the occasion and tell the clerics these simple facts:

“Please separate economics from politics, for God’s sake. Give to the bank manager what is to the bank, and to PDP what is to Caesar. Transact here, and cheat there. Mixing the two could be a lethal cocktail. Embrace the teachings of Jesus by condemning usury in all its ramifications. Follow the Vatican and establish your interest-free banks or let the Central Bank of Nigeria the breathing space to perform its statutory duty of issuing license of the same genre to whoever is interested and qualified. Christianity does not take its measurements from Islam. So do not make Islam to determine Christianity. Opposing Islam and Muslims in Nigeria does not always qualify anything as Christian. Christianity, like Islam, is a religion based on values, principal among them the abrogation of all forms of human exploitation, of which usury plays the major role in the prevailing world economic disorder. Not a fly would die in Nigeria because a bank or two have adopted an interest-free product as part of their portfolio.”

These are the words I am waiting to hear from the bold Christian who would publicly come forward and call the clerics to order. A Soludo who initiated the product, an Iweala that is respected even by the oyinbo, just any name they can trust. Why not a word from Jonathan? If there is none, then I cannot help becoming sick. Please check me at the emergency ward.

But some ‘Christian’ banks in the country cannot afford to wait for that brave voice. Driven by the Smithian principle of profit, every week one of them is approaching the CBN for a license for Islamic Banking. I believe, before long, all the ‘Christian’ banks in the country would buy the product to the dismay of the Bishops.

I join those who are intelligent enough to know that Nigeria will not break up for the sake of interest-free banking. It may break up, perhaps soon, but on different grounds. I will enjoin all well meaning Nigerians not to engage in the futile exercise of defending ‘Islamic Banking’ in the face of opposition from our Christian fathers. They should continue to embrace the Shafi’ite logic: the lion is feared though it is silent, but the dog is stoned in spite of it's barking. Let us not bark at any visitor to our house. He may be a friend. It is the statutory duty of the apex bank and I am satisfied with the quantum of energy it is expending to explain, notwithstanding the deafness of its audience, that it is not a matter of religion but business, unusual though.

Muslims must not confuse the clerics with Christianity or our Christian brothers. The clerics are billionaires. Recently, one of them boasted that he is a billionaire and that “there is nothing anybody can do about it!” Yes Bishop. What can ordinary souls like me do about it? My Christian brothers and me are not billionaires. We are only struggling to make ends meet in Nigeria. Aha.

The clerics, it seems, are in an unholy alliance with the interest-based banks to extort ordinary Christians. The banks are where the bishops and pastors safely keep, and profiteer through interest banking, the millions they harvest from their fellowship weekly. As billionaire depositors, how much interest do they earn daily? Oh! That is the missing link in the ongoing debate on Islamic banking. In a vicious way, opposition to anything Muslim serves as a lubricant to this extortion engine. It is expected to impress the followers and make them more susceptible to increase the returns of their billionaire bishops. Thus in Nigeria Islam has become an interest-free product of primitive accumulation that makes Mr. Bishop and Mr. Bank Manager smile every Monday morning.

Finally, when all is said and done, with the ‘debate’ on ‘Islamic’ banking in a ‘united’ Nigeria long forgotten, one indisputable fact would remain: both Muslims and Christians, in America or in Nigeria, are victims of the present free-for-all financial institutions that are based on interest and speculations. It should therefore be an area of mutual interest, not mutual discord. Fighting this exploitation should be a joint project for Muslims and Christians in Nigeria with common sense.

But I am sad to note that for many in my country Nigeria, sense is not common.

I hope those who are truly literate will understand this.
Re: Cardinal Okogie Says No To Islamic Banking by Nobody: 9:00am On Jul 09, 2011
Left to me i think most Christians are just as brainwashed as the other group,have your reason for not wanting Islamic Banking rather than just the fact that it contains the name "Islam".
Re: Cardinal Okogie Says No To Islamic Banking by saljams: 11:41am On Jul 21, 2011
let's you the Christians go ahead and bring a christian system of Banking if there is any! and if not these shows that your religion is an incomplete way of life compare to Islam that has a provision for Islamic Banking. and mind you it is stated categorically in the Bible that interest is prohibited check Mathew: 21:12-13. though i don't blame you, for you don't even go through the Bible as it is expected of you, but as for we the Muslims, we memorize our Holy Book! that shows you that it is only our's that has total granularity in it's entirety.
Re: Cardinal Okogie Says No To Islamic Banking by kabba7(m): 4:47pm On Jul 21, 2011
Thought the CBN Governor just spoke on this bank wahala today on the floor of the House of reps. For once make We hear word the noise don dey plenty if Christian Association of Nigeria is so hurt they are free to establish Christ bank but they should not forget the curses for usury ,

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