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No Going Back On Islamic Banking - Sanusi - Business - Nairaland

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No Going Back On Islamic Banking - Sanusi by Barkono: 11:00am On Jul 03, 2011
Even when it is evident that a professed igbo son and champion of igbo culture and dye in the wool catholic, prof. Charles Soludo,contributed and streamlined the islamic banking rules and procedures, some bigot nairalanders  are spamming this forum:   
http://nationalmirroronline.net/news/15417.html
Re: No Going Back On Islamic Banking - Sanusi by Nobody: 11:26am On Jul 03, 2011
we have all seen this kind of tactic before.

The Sharia Law as stated in the constitution of Nigeria was only as a customary law of choice for those who choose to use it to settle disputes like "inherittance", "marriage" or all kinds of family disputes where all parties to the dispute agree to this kind of law being used. In effect the sharia law was never designed to be binding on any Nigerian whether Muslim or Not.

But what we have seen over the years is the extra-constitutional expansion of the jurisdiction of Sharia law into dealing with criminal issues as well as elevating the law as a State culture/religion which our constitution as is forbids.

This is exactly what will happen if Sanusi's ridiculous religious mantra is allowed to take root. I will not be suprised if what was proposed as an option in existing banks is made the only type of banking available in some sections of Nigeria. What you will now see is expulsion of existing banks from these regions, while only banks willing to operate exclusively as Islamic Banks are allowed to do Business in the North.

So the language of what Sanusi is proposing may not mean anything at this point, what we should be asking is that what is the coded intention of this whole madness by the CBN Governor.

If all he is interested in is a genuine intention to better regulate banking practices. I don't believe you need titles like SHARIA or ISLAMIC Banking to achieve that. You can simply introdce these mechanisms into existing practices to better regulate our banks and there will be no need for this noise. Let no one be fooled into believing any nonsense. We have seen this kind of deception before in Nigeria and I think the Prince of kano is at it again.

If Northerners want to have Sharia everything in the North, then let us have twoo autonomous regions of Nigeria, with devolved powers so that each region can practically do what they like. This kind of islamization of Nigeria through the back door will not work.

There is nothing like Christain Banking in Nigeria, so there wont be anything like islamic Banking. it simply wont fly.
Re: No Going Back On Islamic Banking - Sanusi by Nobody: 11:28am On Jul 03, 2011
Sanusi has lost focus, it is time to start shopping for a new CBN Governor.

Not that I ever thought he had focus.
Re: No Going Back On Islamic Banking - Sanusi by skullbaba: 12:23pm On Jul 03, 2011
I dont know why people are so dumb and blind to truth and reality. Fine a religion has a bankin system that protect the masses and countries with better economy and development are adopting the system without changing the name of the brand.even america with larger christian and atheist community accept the change why not nigeria.it is not only boko haram that are extremists .even the vatican approve the system. And our fathers use to say e je ka se bi won ti n se ko le ba ri bo ti ri.let do it as been done so that we will the same result.the west will never do something that will affect them negatively . They accept the muslims mathematics,geometry,chemistry,and know banking.
Re: No Going Back On Islamic Banking - Sanusi by Remii(m): 12:30pm On Jul 03, 2011
skullbaba:

I dont know why people are so dumb and blind to truth and reality. Fine a religion has a bankin system that protect the masses and countries with better economy and development are adopting the system without changing the name of the brand.even america with larger christian and atheist community accept the change why not nigeria.it is not only boko haram that are extremists .even the vatican approve the system. And our fathers use to say e je ka se bi won ti n se ko le ba ri bo ti ri.let do it as been done so that we will the same result.the west will never do something that will affect them negatively . They accept the muslims mathematics,geometry,chemistry,and know banking.

that is the plain truth, some people dont care to find fact relevant to anything, they are just tribal or religious blind. some would not even touch bible written in arabic, yet they blame the almajiris.
Imagine people who have PhDs from good universities but are unable to discuss issues without dogma?
Re: No Going Back On Islamic Banking - Sanusi by Nobody: 12:51pm On Jul 03, 2011
Skullbaba

We will start taking folks like you seriously when you start speaking up against illegalities within your own communities. We do it in our communities, we speak up.

How many times have you criticised the Governor of Zamfara on the illegal expansion of the sharia law?

when you do that then may be you will earn the moral right to accuse the rest of us of extremism when we dont take your word for. But right now we have a situation where the mere mention of Islam or Sharia on any topic in the law is justification to introduce all sorts of alien practicies seen only in Taliban Afghanistan.

How convinient it is to draw examples with America but you forget that these Nations can effectively check unnecessary expansion of any law beyond its limits. This is something that can not be said of nigeria.
Re: No Going Back On Islamic Banking - Sanusi by Barkono: 12:55pm On Jul 03, 2011
I think you are the bigot mentioned in this thread. In the first place, the constitution of the federal republic of nigeria, never excluded the criminal aspect of the sharia in its provision. It allows "states" willing to go further than the civil aspect of the laws, to promulgate these laws via an act of their state assemblies. That is the body language of that provision. Two, in states where sharia laws are implemented, the concern is on the adherents of the said religion. It has nothing to do with a non adherent. Let's take Kano for example, it has since simmer down on both the natives and non natives, where the jurisdiction of the sharia laws starts and where it stops. There has never been any reported case of trespass by both adherents. The non adherents are free to do whatever they so wish within their domain. Alcohol, brothels, bars, casinos and indecent dressings are allowed in Sabon gari, Tudun Wada, Brigade and surrounding areas where non adherent are populated. This follows the prophetic teaching of Muhammad (SAW), in his days, where Jews and Christians live alongside the Muslims.
On your account that the southern part of this country will not allow islamic banking, I don't know where you are getting your facts from. The last I checked, the south westerners, are vehement in the introduction and application of this bank. Bashorun MKO Abiola and Shehu Yar'adua, may their souls rest in perfect peace, brought in Habib Bank from the Islamic republic of Pakistan, which in its original concept was to apply islamic banking, and still has a window for that. Lotus Capital, is owned and managed by the Yorubas. The North, you are even accusing has not gone full throttle, in the application and setting up of these banks.
Back to our educational system, where young brains, are modelled, there are christian schools in Nigeria than Muslim schools. These schools are fashioned in line with the teaching of christianity. Take for example, redeemers university. My wife went to a missionary school, st. Gregory, even when she is a muslim. Sanusi lamido sanusi, went to a missionary school. If Nigeria, is for all of us, I think the muslim should allowed to practice what they see as their God given and constitutional rights. No need for semantics and postulating what will happen in the future. I think when we get to the bridge, we shall all decide how to cross it. Abi na u get tomorrow?
Re: No Going Back On Islamic Banking - Sanusi by Nobody: 1:40pm On Jul 03, 2011
You have every right to practice whatever you want, what we don't like is a situation where you want to have it both ways. If all your problem is to live like folks in Taliban Afghanistan then please seek independence from Nigeria, or seek Autonomy or campaign for true Fedralism where there will be devolution of powers for your immediate Govt to promulgate any culture or religion as it so pleases. But so long as we live in one Nigeria where everything is run from the centre then we shall continue to have a secular state and all must learn to respect the country as is and its laws.

When I speak I speak with facts. The section of the law you are on about which gives states the right to expand the jurisdiction is section 277 and it states as follows:
277. (1) The sharia Court of Appeal of a State shall, in addition to such other jurisdiction as may be conferred upon it by the law of the State, exercise such appellate and supervisory jurisdiction in civil proceedings involving questions of Islamic personal Law which the court is competent to decide in accordance with the provisions of subsection (2) of this section.

http://www.nigeria-law.org/ConstitutionOfTheFederalRepublicOfNigeria.htm#ShariaCourtOfAppealOfFCTAbuja

Basically what this section did was to list civil proceedings under Islamic Personal Law that the grand khadi can entertain and then also suggested that State governments can include other civil proceedings that may have not been listed here.

And then what did we get? An outright inclusion of criminal issues in the jurisdiction of the grand khadi. On some occassions the requirement that all parties to the dispute consent to this kind of law being used was not applied. Are you telling me that those who got their hands chopped off for stealing yams or goats were told they reserved the right to opt out of allowing their case to be decided by the sharia law?

Even Governor Ahmed sani of Zamfara went further and simply made it a State Religion and the way of life of people living in Zamfara while he was Governor? Is any of this not the facts?
Re: No Going Back On Islamic Banking - Sanusi by prettyG: 1:42pm On Jul 03, 2011
Re: No Going Back On Islamic Banking - Sanusi by Nobody: 1:46pm On Jul 03, 2011
277. (1) The sharia Court of Appeal of a State shall, in addition to such other jurisdiction as may be conferred upon it by the law of the State, exercise such appellate and supervisory jurisdiction in civil proceedings involving questions of Islamic personal Law which the court is competent to decide in accordance with the provisions of subsection (2) of this section.

(2) For the purposes of subsection (1) of this section, the sharia Court of Appeal shall be competent to decide -

(a) any question of Islamic personal Law regarding a marriage concluded in accordance with that Law, including a question relating to the validity or dissolution of such a marriage or a question that depends on such a marriage and relating to family relationship or the guardianship of an infant;

(b) where all the parties to the proceedings are muslims, any question of Islamic personal Law regarding a marriage, including the validity or dissolution of that marriage, or regarding family relationship, a founding or the guarding of an infant;

(c) any question of Islamic personal Law regarding a wakf, gift, will or succession where the endower, donor, testator or deceased person is a muslim;

(d) any question of Islamic personal Law regarding an infant, prodigal or person of unsound mind who is a muslim or the maintenance or the guardianship of a muslim who is physically or mentally infirm; or

(e) where all the parties to the proceedings, being muslims, have requested the court that hears the case in the first instance to determine that case in accordance with Islamic personal law, any other question.
Re: No Going Back On Islamic Banking - Sanusi by Nobody: 1:56pm On Jul 03, 2011
^^^^^
That is the jurisdiction of the sharia law at state level, we all know what we ended up with.

These are the facts.

Stating the facts does not make anyone a bigot except on Nairaland.

the history is there for all to see.

The trouble is not the text of what Sanusi's Islamic Banking policy guidiance says, the issue is what will it lead to?

If the text on the consttitution above was added to UK Constitution or American Consttitution. The grand Khadi would have remained what it should be. An extra optional court for those who so choose to go and resolve their personal disputes there. But obviously in Nigeria the limits of the law will get stretched and now what we have is not just an extra court of law but a way of life in certain communties which sometimes have been elevated into being a State culture or religion or outright expansion of the jurisdiction of the law into realms it was never intended for.

Has anybody seen where a law court designed to tackle customary/civil issues is given the option to handle criminal issues if it so pleases? or has anyone seen where a party in a criminal case is given the right to opt out of appearing before a court competent to handle criminal cases?

I understand that English Language is a borrowed language and we are prone to mistakes. but there is definitely a line of demarcation between ignorance and outright deception.
Re: No Going Back On Islamic Banking - Sanusi by Barkono: 2:49pm On Jul 03, 2011
@Mikeansy, Lol. The SCA, is an appelllate court with jurisdiction  within the purview of  fedral laws. A customary court, AKA, state  sharia courts in the North, where the penal code is operational, has original and appellate  jurisdiction to try and execute civil and criminal cases, within the purviews of the penal code laws. The man Jengebe, was taken to the state sharia court, sentenced and asked to appeal.  The case can go on and on until it lands in sharia court of appeal, within the federal laws.  He was given the option to appeal with state funds to either the state sharia court of appeal, or the federal court, with state funds, he opted for neither and the law took its right course. The constitution of the federal republic of nigeria, stipulates that laws could be made by state houses of aaswmblies and should fall within the jurisdiction of the state.  That is why we have customary courts, operating in the south, under the criminal code laws, and sharia courts in some parts of the north, with penal code laws.
The celebrated case of Amina, also in Zamfara was thwarted at the sharia court of appeal, under the federal laws.

You said a country where everything come from the centre, I don't understand that?
The topic is Islamic Banking, purely economics. I don't know why we are discussing criminal aspect of sharia laws.  The laws governing the set up of Islamic Banking is the BOFIA, not the constitution. If you have any quarrel with it, Malam Sanusi Lamido, is asking you to go to court.
On the aspect of having my country differently because of Islamic Bank, I think it is only the antagonist that will be reminded to move over.
Re: No Going Back On Islamic Banking - Sanusi by mensdept: 3:01pm On Jul 03, 2011
Time to find another CBN director. Here I am watching soccer in a country like Germany where there's light, and Sanusi and FOOLs are talking about Islamic banking lol.

You know what, lets get an Arab man from Dubai to head our CBN and see if he will be talking about turning Kano into the next Dubai and not fucki.n Islamic banking nonsense.
Re: No Going Back On Islamic Banking - Sanusi by ektbear: 3:03pm On Jul 03, 2011
The Shah of Kano has spoken.

On the real though, how did this goofball ever end up as CBN president?
Re: No Going Back On Islamic Banking - Sanusi by grafikdon: 3:17pm On Jul 03, 2011
mens dept:

Time to find another CBN director. Here I am watching soccer in a country like Germany where there's light, and Sanusi and FOOLs are talking about Islamic banking lol.

You know what, lets get an Arab man from Dubai to head our CBN and see if he will be talking about turning Kano into the next Dubai and not fucki.n Islamic banking nonsense.




grin grin grin grin

My day just got brighter.
Re: No Going Back On Islamic Banking - Sanusi by grafikdon: 3:20pm On Jul 03, 2011
ekt_bear:

The Shah of Kano has spoken.

On the real though, how did this goofball ever end up as CBN president?

You should know by now that Nigeria is the only country where elephants fly and cows lay eggs.
Re: No Going Back On Islamic Banking - Sanusi by namfav(m): 4:13pm On Jul 03, 2011
this is one of the best things that has happened to nigeria in many years
Re: No Going Back On Islamic Banking - Sanusi by kasiem(m): 4:21pm On Jul 03, 2011
I get implicitly berserked whenever i glance on some people juxtaposing our country with the western world. For once we've got to get real, do we apply everything that's obtainable in USA in our country? Okay, i'd want sanusi to source for dints making it possible for us to be having snows in our country. I thank god that many people have made known their opinions as regards the islamic bank. But, since the egoist at the helm of affair wants to make good his dictatorial traits in lording his intrasigence and idi.ocy over the abject masses, let's devise of ways of matching the stupidity of this egomaniac in all ramification. Our peaceful and diplomatic life shouldn't be mistaken for recreancy. When birds start flying without perching, hunters start shooting without pointing.
Re: No Going Back On Islamic Banking - Sanusi by enyojo(f): 11:27am On Jul 04, 2011
Why are people breaking their heads for no reason?
There is Sharia law being studied in our Universities.
There is Sharia Court of Appeal
There are Koranic schools all over the country
There are Islamic Universities

Why not Islamic Banks?
I don't know what is people's problems self!
Re: No Going Back On Islamic Banking - Sanusi by cvibe: 11:27am On Jul 04, 2011
Watching from the sidelines.
Re: No Going Back On Islamic Banking - Sanusi by enyojo(f): 11:34am On Jul 04, 2011
Soludo started the Islamic Banking Policy.
Several Wealthy Islamic bankers were ready to pull their resources into our economy to establish non-interest banks
Their logic was that if Mr A for instance has XVZ Billions to invest in the banking sector, yet he doesn't want his funds to be borrowed to finance Alcoholic, Prostitution and other other anti-sharia businesses, in the secular banking framework, Mr A CANNOT totally control how the Board of Directors/Management in invest Mr A's investments.
Therefore, there is a need for a policy to regulate this kind of scenairo
Re: No Going Back On Islamic Banking - Sanusi by Akanbiedu(m): 11:37am On Jul 04, 2011
mikeansy:

we have all seen this kind of tactic before.

The Sharia Law as stated in the constitution of Nigeria was only as a customary law of choice for those who choose to use it to settle disputes like "inherittance", "marriage" or all kinds of family disputes where all parties to the dispute agree to this kind of law being used. In effect the sharia law was never designed to be binding on any Nigerian whether Muslim or Not.

But what we have seen over the years is the extra-constitutional expansion of the jurisdiction of Sharia law into dealing with criminal issues as well as elevating the law as a State culture/religion which our constitution as is forbids.

This is exactly what will happen if Sanusi's ridiculous religious mantra is allowed to take root. I will not be suprised if what was proposed as an option in existing banks is made the only type of banking available in some sections of Nigeria. What you will now see is expulsion of existing banks from these regions, while only banks willing to operate exclusively as Islamic Banks are allowed to do Business in the North.

So the language of what Sanusi is proposing may not mean anything at this point, what we should be asking is that what is the coded intention of this whole madness by the CBN Governor.

If all he is interested in is a genuine intention to better regulate banking practices. I don't believe you need titles like SHARIA or ISLAMIC Banking to achieve that. You can simply introdce these mechanisms into existing practices to better regulate our banks and there will be no need for this noise. Let no one be fooled into believing any nonsense. We have seen this kind of deception before in Nigeria and I think the Prince of kano is at it again.

If Northerners want to have Sharia everything in the North, then let us have twoo autonomous regions of Nigeria, with devolved powers so that each region can practically do what they like. This kind of islamization of Nigeria through the back door will not work.

There is nothing like Christain Banking in Nigeria, so there wont be anything like islamic Banking. it simply wont fly.

Wondering why nobody has challeged this sharia issue in a law court. There is provision for such, isn't it?
Re: No Going Back On Islamic Banking - Sanusi by mrofficial(m): 11:43am On Jul 04, 2011
Fanatic. cheesy
Re: No Going Back On Islamic Banking - Sanusi by pepperoni(f): 11:55am On Jul 04, 2011
OK i am beginning to hate SANUSI. *hissing*
Re: No Going Back On Islamic Banking - Sanusi by Ojumiii(m): 11:56am On Jul 04, 2011
just be a man of honor
Re: No Going Back On Islamic Banking - Sanusi by Ayoobscom(m): 12:09pm On Jul 04, 2011
the tag of islamic banking has not tampered with nigerian's unity or secularism if we have redeemed christian university aside federal universities, therefore ther's nothing strange in having islamic banking aside the western firstbank for example, besides why should you be the one to name my child just b'coz he's cute, no!islmic banking it ought be called, the sango banking should be sango banking if emerged,
Re: No Going Back On Islamic Banking - Sanusi by HyeBits: 12:13pm On Jul 04, 2011
If Muslims could give these to the world:
[b]
1   Discovery of Sun's apogee.
2   The exact duration of the year.
3   Forcasted Sunspots, knowledge of eclipse, and appearances of Comets.
4   The ibvention of pendulum.
5   Writing of treatise on Optics.
6   Study of Longitude and Latitudes for navigation (sea and air).
7   Basic principles of Arithmetic, Trogonometry Geometry and Algebra.
8   Invention of ZERO(0).
9   Magnifying Lenses, exact description of the Eye, Lenses & Binocular Vision.
10 Perfecting the Compass by applying Magnetic Needle.
11 Discovery of Alcohol, Sulphuric Acid, Aqua Regia and Nitric Acid.
12 Development of Distillation, Sublimation, Crystalization and Coagulation.
13 Discovery of Camphor, Distilled Water, Plasters, Syrups, Ointment, Art of Dyeing, Curing Leather, Tampering Steel, Paper and Gunpowder.
14 The Qanoon Fil Tib was the most revered book used for Medical Study in France and Italy.
15 Pharmacopoeia prepared that listed approx. 760 Drugs for Treatment of Diseases.
16 Introduction of Perfume, Incense, Sweet-Smelling Resins, Attars of Roses, Nutmeg, Cloves and Pepper, Tomatoes, Asparagus, Artichokes and Exquisite Flowers.
17 Discovery of Coffee.
18 And many more.[/b]
I believe they have done well for us to Trust them and try its Islamic Banking System in the face of Global Economic Meltdown as is the practice in some Western Nations, USA, Britain, et al. May be Cristianity has an alternative? I don't know? Kindly wise-tup.
Re: No Going Back On Islamic Banking - Sanusi by enyojo(f): 12:22pm On Jul 04, 2011
^^ You were so wrong on many counts
Muslims did not discover alcohol, Exact duration of the year, etc
For the fact that an Inventor who happens to be a moslem discovered 'zero' doesnt mean it is an islamic invention
Re: No Going Back On Islamic Banking - Sanusi by philip0906(m): 12:27pm On Jul 04, 2011
y wont boko haram keep bombing when islamic bank means islamic state 2 them. . .
Re: No Going Back On Islamic Banking - Sanusi by Rgp92: 12:27pm On Jul 04, 2011
Hye-Bits:

If Muslims could give these to the world:
[b]
1   Discovery of Sun's apogee.
2   The exact duration of the year.
3   Forcasted Sunspots, knowledge of eclipse, and appearances of Comets.
4   The ibvention of pendulum.
5   Writing of treatise on Optics.
6   Study of Longitude and Latitudes for navigation (sea and air).
7   Basic principles of Arithmetic, Trogonometry Geometry and Algebra.
8   Invention of ZERO(0).
9   Magnifying Lenses, exact description of the Eye, Lenses & Binocular Vision.
10 Perfecting the Compass by applying Magnetic Needle.
11 Discovery of Alcohol, Sulphuric Acid, Aqua Regia and Nitric Acid.
12 Development of Distillation, Sublimation, Crystalization and Coagulation.
13 Discovery of Camphor, Distilled Water, Plasters, Syrups, Ointment, Art of Dyeing, Curing Leather, Tampering Steel, Paper and Gunpowder.
14 The Qanoon Fil Tib was the most revered book used for Medical Study in France and Italy.
15 Pharmacopoeia prepared that listed approx. 760 Drugs for Treatment of Diseases.
16 Introduction of Perfume, Incense, Sweet-Smelling Resins, Attars of Roses, Nutmeg, Cloves and Pepper, Tomatoes, Asparagus, Artichokes and Exquisite Flowers.
17 Discovery of Coffee.
18 And many more.[/b]
I believe they have done well for us to Trust them and try its Islamic Banking System in the face of Global Economic Meltdown as is the practice in some Western Nations, USA, Britain, et al. May be Cristianity has an alternative? I don't know? Kindly wise-tup.

WTF is this bullsh,it list ?? You dont know what you're talking about :/
Re: No Going Back On Islamic Banking - Sanusi by HyeBits: 12:41pm On Jul 04, 2011
@enyojo,

Treasures of this world are found in books. Kindly read and research before you flaten a claim.
For your intellectual enrichment, take this.

Persian alchemist by the name of Mohammad ibn Zakaria Razi (864-930 AD). He was born in the city of Ray, south of Tehran/ Iran. He is considered one of the greatest alchemists of all time and his work remained in use for over 10 centuries. He not only discovered alcohol, and the use of alcohol in medicine, but also discovered sulfuric acid. Razi wrote 184 books and articles in several fields of science.
Re: No Going Back On Islamic Banking - Sanusi by 1money: 12:52pm On Jul 04, 2011
sanusi sanusi sanusi he heem

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