Islamic banking over "christian" banking any day.

Okoro2015:

From all indications, this fellow refuses to subject himself to any form of superior reasoning. The problem has never been the spirit of Islamic banking but the Nomenclature. Christian teaching strongly recommends non interest loans. Anyway, When his boss - Ne Ngozi comes back mid August, We shall know which tune we will dance to. Sanusi has already reached his false peak. His actions recently only puts him in fast lane of decline.

Christianity does NOT strongly preach non interest loans, sorry.

If the 'nomenclature' has been a problem, why is it in use in the US, the UK and many more western nations?

I cannot believe the cheek of some of you people, claiming to not be intolerant yet seeking to block the name of another official Nigerian religion

One question that kept bordering my mind is will the proposed Islamic Banks employ Christian among their staff? Somebody should please educate me.

it shows you people lack understanding in Nigeria. Look , you have to change the tax policy for you to allow Islamic banking. What it means is,  People in Imo state will be paying taxes from regular banks indirectly. while people in kano state who will be using Islamic banking will not be paying taxes.  If Islamic banking is interest free.  There is no taxes to it. while.when you do monthly share of state taxes .  kano state will state collect from taxes they have refused  to pay.
that is not be fair to people in imo state.

only state should collect all form of taxes.

the need to introduce Yoruba Ajo banking in yorubaland. 



you can see iweala no know book.  you can see ngozi iweala no know book.   this are the state that will not pay taxes.


what i am talking about is jonathan govt just made it a law that, that the north should not pay taxes,  this is what islamic banking is about,     while the south will be paying taxes.

Ngozi Iweala no know book. sanusi out smart you people. he does not his people paying taxes,

so the Yoruba have to introduce Yoruba AJO banking. And the centre bank must issue licence too for the Yoruba form of banking ,  Which is Tax free too. That way,. we are not affected.



If you dont change the taxes law , so that only state collect taxes .  some state will not be paying taxes because taxes goes through the banks,

Christain association of Nigeria, must demand that only state should collect all form of taxes before Islamic banking be allowed. There is nothing wrong in Islamic banking,but the tax law as to make sure only state collect all taxes.

They Got No Choice. Hahahaha!

Interest free banking is an Islamic injunction. Nobody invented it. It is part of the mandates of Prophet Mohammed (SAW) to his followers. So if interest free banking should be called "Islamic".

Neither Prophet Moses (SAW) nor Prophet Jesus (SAW) was ordered by God to do that, otherwise the Europeans would have introduced that to us as they did many other Judeo-Christian beliefs that we adopted and unconsciously still use in our society today.

Our jurisprudence is Judeo-Christian but we critize Shariah in the North; our work week (Saturday and Sunday off) is Judeo-Christian; our celebration of Jan Ist as new year is Judeo-Christian.

So let's think about how the Christian philosophy is acceptable to us but an Islamic one is not. That's hypocritical.

lets be watching

akinnux:

One question that kept bordering my mind is will the proposed Islamic Banks employ Christian among their staff? Somebody should please educate me.

Does your christian schools employ moslems.

Christians are the biggest hypocrites. What is your fear with islamic banking. catholic schools force all students to attend mass whether you are catholic or not, if you attend their school.

and the country has not collapsed.

One question that kept bordering my mind is will the proposed Islamic Banks employ Christian among their staff? Somebody should please educate me.

akinnux

He mentioned the above yesterday that Islamic Banking will also follow the rules and Guideline of CBN. How i wished you watch his presentation for u to be completely informed about islamic banking.I am very happy this has come to stay. If IBOS does not want this in their homeland so be it but they should not deprive us of our own right also.Sanusi we are solidly behind you.

House leaders only okeyed it without allowing house members to ask questions about the controversial islamic banking and withdrawal limit.

Read this:Meanwhile, the minority leader Hon. Femi Gbajabiamila has expressed reservations about the manner in which the explanations were taken without questions.

Gbajabiamila said it was an error of judgement to allow the CBN gov. to appear before the house in plenary without the members having the opportunity to interact with him and seek further clarifications.

Another lawmaker,Hon. Daramola (ACN/ Ekiti) faulted the decision by the leadership of the house not to allow members ask questions after the briefing.

Talk of unintellegent selfish thinking house leader in the person of Emeka Ihedioha, i believe that Tanbuwal tactically douged this by not presiding.

I pray this Islamic Bank project will never succeed by the zeal of the almighty God. It has it's root from the pit of hell.

Gbaaaaaaam!!! Anything u are doin learn to do it well, Sanusi has distinct him and he deserve to be applause. 9ja is gettin there gradually

Look at the way the people who support the Islamic Banking acting as if it will turn Nigeria into a developed Country. To me it only proves how the Nigerian population is not listened to by it leaders.

When have Islamic ideas be  developed ones? The developed nations are just laughing at you. They would say look at those black monkeys in their Abadas fooling themselves -  brainless human beings.

Africans should stop blaming Europeans for enslaving and colonizing them in the past because even in the present they are slaves to themselves, to religion, enslaving selves against free society and it ideas. Slaves!!!


There are reasons why Nigeria can't be a developed nation one of them is this religion tune. Look at the people who have represented Nigeria in OPEC(Nigeria should leave OPEC for goodness sake - it hasn't favored the population) there have always be Muslims and the country oil which has had bad impact on the communities in that region is a testament of these Northerners. The worst thing is that Nigerians can't even fix their environments not to make mentioned of managing the economy very well.


It's sad that this country is based on religion. For that simple reason, to hell with Nigeria and to hell with its leadership.

@ akinnux the projet don suceed already, why u b enemy of progress? Well, yoruba people talk say person wey him own don spoil dey find people join body

Why not find solution to Boko Haram the brainchild of Sharia first?


I hate religion. I hate it with passion because the innocents lives it has taken in Nigeria is unimaginable. I wonder how those who loose their love ones in religion troubles in Nigeria are feeling right now.

Backward country is the work of backward people - that summarizes Nigeria.

@ akinnux the projet don suceed already, why u b enemy of progress? Well, yoruba people talk say person wey him own don spoil dey find people join body

anything that will make Nigeria grow is ok without sentiment, God is our strength, God help Nigeria, God bless Nigeria

The title is very misleading. The Reps never agreed on or okayed Islamic banking.

Sanusi is no doubt BH boy. Will Islamic banking creat jobs, improve nigeria imagine, add τ̅☺ our GDP, ensure even distribution of income etc. Sanusi our renowed economist pls answer

afolayangs:

Sanusi is no doubt BH boy. Will Islamic banking creat jobs, improve nigeria imagine, add τ̅☺ our GDP, ensure even distribution of income etc. Sanusi our renowed economist pls answer

So you're asking if the establishment of new banks will create jobs?

You've got to be the biggest cretin on Nairaland, I swear.

akinnux:

One question that kept bordering my mind is will the proposed Islamic Banks employ Christian among their staff? Somebody should please educate me.

Read the Guardian link. Sanusi said:

"the guidelines issued by the CBN for the operation of Islamic banking stipulated that no form of discrimination would be allowed in terms of employment, structure and transaction"

So yes, Christians can seek employment in Islamic banks or banks that operate Islamic finance divisions. Also Christians can obtain loans and financing from Islamic banks.

<Quote>
"the guidelines issued by the CBN for the operation of Islamic banking stipulated that no form of discrimination would be allowed in terms of employment, structure and transaction"

So yes, Christians can seek employment in Islamic banks or banks that operate Islamic finance divisions. Also Christians can obtain loans and financing from Islamic banks
</quote>

Texas,

Thanx man!!! Mark what I say, while southerners are protesting it, Ghanian Christians will come in and take advantage of the resource.

With this reps support for Islamic Banking, the future of Nigeria is hard to tell!

There is revolution taking place everywhere even in Arab world. Nigerians should start thinking about the future now.

I can't imagine a Sudan - educated man is fooling the whole country. I hope what happened in Sudan doesn't happen in Nigeria.

mr sanusi that your islamic banking no go work for this country because you have an hidden agenda , pls  all genuine  christians all over the nation should stand up against this anti- christ.

all4naija:

With this reps support for Islamic Banking, the future of Nigeria is hard to tell!

There is revolution taking place everywhere even in Arab world. Nigerians should starting thinking about the future now.

I can imagine a Sudan - educated man is fooling the whole country. I hope what happened in Sudan doesn't happen in Nigeria.

The "Reps" are not in support of Islamic banking. They werent allowed to aske questions or voice their opinions. Of course the northern muslim reps were want islamic banking but the same cant be said for others.

Read the bottom highlighted in red:

https://www.nairaland.com/nigeria/topic-718866.0.html

The Islamic bank is just a product such as other banking products, all banks have option where you can say "I don't want interest paid on my account", the only addition is that costumers now have option of borrowing without interest but sharing of accrued profit and loss. simple.

Nigeria and religious bias. I am sure if it was Nigeria, Emirates and Etihad stadiums that are now in UK for Arsenal and Manchester city would be fought to standstill since they from Muslim Arabs.

Hope they are making the right decision

as it is an islamic bank, and we all know that most terrorism, violence, suicide bombing are associated with islam ( u hear of sadam hussien, osama, boko haram), this bank will probably be in charge of financing those muslims that are prepared to follow the footsteps of the aforementioned sects in the long run. under normal circumstance, religion should be absent from governance in the banking sector and politics. bt as sanusi is a muslim, he is pulling things to his religion side. God will deliver the country bt by the time it will go beyond being delivered, i should be out of Nigeria into a greener pasture.

These lawmakers never cease to amaze one. How can you let Sanusi off on such a sensitive and clearly important issue that is associated with the economic growth and national development without firing a single question? It is quite apparent that they lacked the understanding of financial matters in order to ask meaningful and intelligent questions. Has anyone seen on tv how Rupert Murdoch and his son James were quized by the british parliarment? When will their nigerian counterparts give us that type of quality work?

Islamic Banking will die a natural death just like the sharia they implemented in the North, Ngozi is the person that will Sanusi will finally get approval from before the so call Islamic Banking take off.We are all that she is coming in from world bank and we no the perceptions of the Western world on such issues, It will never fly, I think Sanusi like drawing attention to himself.Their are so many areas of this economy that needs urgent development and the so called supporters of Islamic Banking should focus their energy on  building standard schools;Hospitals;Orphanages and other Institutions beneficial to mankind ,

We have over twenty Banks in Nigeria already providing all kind of services already in Nigeria .All Sanusi needs to do is to consolidate on the services offered by the existing banks and provide an enabling environment for some of their subsidiaries to offer Non-Interest Baking services, I wonder how this so called Technocraft thinks a times.

Majority of our house of representatives ar dummy,they curiously turned to clapping fans of Sanusi Lamido.because they dont hav real questns for him.

Interest/usury is prohibited in both the Bible i.e Deuteronomy, Luke, Revelation etc and the Qur'an in so many places of course; now the question is: if the Christians don't want to abide by the teachings of their religion must they equally force  Muslim to do so?