With this functional islamic bank in Nigeria,pls am yet to know its differents with ither new generation banks in Nigeria.

someone posts a paragraph filled with errors, without any replies, yet it makes front page!
Op, make use of the search engine, theres no award for starting threads, where u can easily google it and get answers.

^^ Harsh reply there. The OP need ur positive contribution. The massage may no be perfectly sent but we understand what he means or trying to say.

am really tired of dis islamic banking and all the stories, y set it up when so many banks have folded or being bought off? ur ryt abt the cordinated rubbish full of mispelt words. Please take ur time to read post before posting.

Other banks are 4 nigerian while islamic bank is 4 boko haram and their alias

Never mind the Similarity or the differences between an Islamic bank and other Nigerian banks. The fact is that the proponents of Islamic Bank in Nigeria dont mean well for the nation. Religion is a very sensitive issue in Nigeria. The country is already too divided along religious lines for anyone to even think of widening the crack. For many who know the mindset of an ordinary Northern muslim, this portends great danger, as anything to do with their religion is 'supreme' and supercedes every other thing. Sooner or later, it will be "our Muslim bank" and "their christian Banks". And once this starts, any Muslim doing business with the "perceived" Christian banks will be seen as a traitor. One thing is certain, as soon as the Islamic Bank kicks off, Northern Muslims will shift their funds from the 'perceived' Christian Bank to the Islamic Bank, so as to cripple these Perceived Christian banks. That is the very Agenda of those behind the Islamic Bank. And if you ask him, our very Cunning, biased and fanatical CBN Gov - Sanusi is a brain behind it all.

Islamic bank are bank that neither charge nor paid interest unlike other banks,also they invest mostly by engaging in trade and industy,either directly or in partnership and shared profits with their deposits

IRAPADA: Other banks are 4 nigerian while islamic bank is 4 boko haram and their alias

u funny no be small.......

,Soludo introduced Islamic Banking before he left office if you don't know, meanwhile Islamic Bank is well accepted in most of developed country across europe including UK and America.

Can a xtian bank with this bank and will not his head be chop up by bomb?

IRAPADA: Other banks are 4 nigerian while islamic bank is 4 boko haram and their alias

Even now that the Islamic banks haven't began full operations, how does BH get their funds? Thinks before posting next time!

Alas! poster you got what you wanted.
These anti Islamic banking bigots will full this thread now.

Whether you like it or not Islamic Banking has started its operation in Nigeria. Y'all go and hug transformer or better still introduce your own banking to compete with it. Some useless guy is even saying muslims will boycott the conventional banks, na your papa money? no be their own moni?

Sentiment apart! Islamic bank operates in different developed countries like Uk , america , malaysia etc.
Their mode of operation is based on Sharia law relating to bank/biz. They don't charge you any interest for collecting loan from them rather the two parties will agree on what be their interest , even if the biz run at lost, they share it with you.unlike normal banking whether at gain or loss they charged you a fixed interest.

Also they recruit both muslim and christian as staff...it is just that their banking policies are based on sharia law relating to banking.

So, it is a matter of choice if you like go for normal banking or islamic banking. But knw it islamic bank deals with everyone.

MoUTD: Sentiment apart! Islamic bank operates in different developed countries like Uk , america , malaysia etc.
Their mode of operation is based on Sharia law relating to bank/biz. They don't charge you any interest for collecting loan from them rather the two parties will agree on what be their interest , even if the biz run at lost, they share it with you.unlike normal banking whether at gain or loss they charged you a fixed interest.

Also they recruit both muslim and christian as staff...it is just that their banking policies are based on sharia law relating to banking.

So, it is a matter of choice if you like go for normal banking or islamic banking. But knw it islamic bank deals with everyone.

Seconded...gbam!

Beaf!:
Alas! poster you got what you wanted.
These anti Islamic banking bigots will full this thread now.

Whether you like it or not Islamic Banking has started its operation in Nigeria. Y'all go and hug transformer or better still introduce your own banking to compete with it. Some useless guy is even saying muslims will boycott the conventional banks, na your papa money? no be their own moni?

Nawa for some people sha...

MoUTD: Sentiment apart! Islamic bank operates in different developed countries like Uk , america , malaysia etc.
Their mode of operation is based on Sharia law relating to bank/biz. They don't charge you any interest for collecting loan from them rather the two parties will agree on what be their interest , even if the biz run at lost, they share it with you.unlike normal banking whether at gain or loss they charged you a fixed interest.

Also they recruit both muslim and christian as staff...it is just that their banking policies are based on sharia law relating to banking.

So, it is a matter of choice if you like go for normal banking or islamic banking. But knw it islamic bank deals with everyone.

absolutely ryt ma bro...god bless u

Alas! poster you got what you wanted.
These anti Islamic banking bigots will full this thread now.

Whether you like it or not Islamic Banking has started its operation in Nigeria. Y'all go and hug transformer or better still introduce your own banking to compete with it. Some useless guy is even saying muslims will boycott the conventional banks, na your papa money? no be their own moni?

MoUTD: Sentiment apart! Islamic bank operates in different developed countries like Uk , america , malaysia etc.
Their mode of operation is based on Sharia law relating to bank/biz. They don't charge you any interest for collecting loan from them rather the two parties will agree on what be their interest , even if the biz run at lost, they share it with you.unlike normal banking whether at gain or loss they charged you a fixed interest.

Also they recruit both muslim and christian as staff...it is just that their banking policies are based on sharia law relating to banking.

So, it is a matter of choice if you like go for normal banking or islamic banking. But knw it islamic bank deals with everyone.

do they giv bomb loans?!

demmyzenny: ,Soludo introduced Islamic Banking before he left office if you don't know, meanwhile Islamic Bank is well accepted in most of developed country across europe including UK and America.

Yes, but we will over-do our own!

@pakavy
Yes they give loan. It will interest you to know that it favor big contractors because if they give loan , the bank and coy is more or less like they are into partnership as the two agree on wht will be income.even if the coy run at lost, the two will share it.

Also, about saving account , you are not expected to collect month interest as your money will not be use for any biz, except with your consent.

Islamic bank , it is to give an alternative to conventional banks.

IRAPADA: Other banks are 4 nigerian while islamic bank is 4 boko haram and their alias

.pls is this the joke section?cause u make laugh

Islamic banking in Nigeria is a time bomb if you doubt me, wait a little and you will see what I mean. if you aint a muslim I will never advise you to go open an account with any of the islamic banks unless you are ready to become a muslim along the run.

Our Tortoise CBN manager has evil agenda behind this islamic stuff but one thing is clear GOD will never allow them achieve it, that is my assurance.

Islamic Banking might be practiced in other countries but in Nigeria it will only spark off more hatred and violence on the long run, religion in Nigeria aint something to be attached to something that affects a whole lot of Nigeria, soon we will have another case of abandoned money in islamic banks as was the case of abandoned property. Just watch out this islamic game you will see them rise and then fail woefully.

dominion angel: am really tired of dis islamic banking and all the stories, y set it up when so many banks have folded or being bought off? ur ryt abt the cordinated rubbish full of mispelt words. Please take ur time to read post before posting.

Either out of prejudice for muslim or you refuse to learn. The reason why most of this bank have folded is cos they declare profits that are on paper not in assest and give loans at rates that no decent business man can paybake. Again if you follow there folding up you will notice that must of the MDs either give loans to themselves or just stole the money like political officeholders.

studyineu: Islamic banking in Nigeria is a time bomb if you doubt me, wait a little and you will see what I mean. if you aint a muslim I will never advise you to go open an account with any of the islamic banks unless you are ready to become a muslim along the run.

Our Tortoise CBN manager has evil agenda behind this islamic stuff but one thing is clear GOD will never allow them achieve it, that is my assurance.

Islamic Banking might be practiced in other countries but in Nigeria it will only spark off more hatred and violence on the long run, religion in Nigeria aint something to be attached to something that affects a whole lot of Nigeria, soon we will have another case of abandoned money in islamic banks as was the case of abandoned property. Just watch out this islamic game you will see them rise and then fail woefully.

No vex put your money where they give you 1 or 2% interest and charge 25 to 40% interest for debts. Infact no mention the Word Islamic Banking. A business will raise and fail due to a lot of factors, but you prejudice is smell in your post.

Islamic banking? An enslaver in disguise.
Go and ask what EU is suffering from now.
They can do anything to penetrate a country and make sure they become influential by sharing in power of a Nation with their investments.
Thats one of the methods of Islamizing d world, apart from giving birthin excess to take over the land....cant help, but to laugh!
They are penetrating every government and making sure they erect mosques at every angle even if there is nobody to worship there.
All na due to covetousness of most of our leaders...awon onijekuje!

what do u mean? Are u scared of seeing mosques being erected or wats ur point. Dnt u av churches in almost every house on d streets today. U dnt av to be sentimental abt it. I knw d problem most people have abt dis banking system is d 'islamic' attached to it,bt dats d name it's called. You dnt call cat a lion jst bkos u dnt like d name 'cat'. Besides, u are free to transact busines wit any bank of ur choice. So wats d noise abt?

Abbilink: Islamic bank are bank that neither charge nor paid interest unlike other banks,also they invest mostly by engaging in trade and industy,either directly or in partnership and shared profits with their deposits

They don't charge interest on loans but an agreement has to reached on how to share profit made from a business venture, that's after paying off the initial loan taken. Now, conventional banks posses and sell off the collateral given when a customer fails to service his debt, even after renegotiating his debt settlement with the bank. I see no difference between the two systems.

Savings account in islamic banks don't pay interest and the highest i'v seen them pay for fixed deposit account is 3%.

In countries e.g (Malaysia) where muslims in a particular race or tribe command more political power because their ancestors were the first to arrive there, you'll have to recite the quran to get credit cards or loan from islamic banks, interestingly these banks are financially bailed out by the government almost on a yearly basis(discreetly). i'm not impressed and i'm sure millions of Nigerians out there aren't as well.

emmysam2: Never mind the Similarity or the differences between an Islamic bank and other Nigerian banks. The fact is that the proponents of Islamic Bank in Nigeria dont mean well for the nation. Religion is a very sensitive issue in Nigeria. The country is already too divided along religious lines for anyone to even think of widening the crack. For many who know the mindset of an ordinary Northern muslim, this portends great danger, as anything to do with their religion is 'supreme' and supercedes every other thing. Sooner or later, it will be "our Muslim bank" and "their christian Banks". And once this starts, any Muslim doing business with the "perceived" Christian banks will be seen as a traitor. One thing is certain, as soon as the Islamic Bank kicks off, Northern Muslims will shift their funds from the 'perceived' Christian Bank to the Islamic Bank, so as to cripple these Perceived Christian banks. That is the very Agenda of those behind the Islamic Bank. And if you ask him, our very Cunning, biased and fanatical CBN Gov - Sanusi is a brain behind it all.

It has already kicked-off and Ibo boys are already positioning to get some big 'Muslim Money'. Sit down there dey yarn dust!

i dont know the motive behind this islamic bank, but i know nigerians and their mentality. Trust me this is not a nice idea, it only helps in dividing the country. If i may ask why call 'islamic bank'? Why not Nigerian bla bla bla bank.

Basic:

Even now that the Islamic banks haven't began full operations, how does BH get their funds? Thinks before posting next time!

u r d one hu nids 2 let urself frm mental blockage...it is these same corupt men who want to shift their funds to d islamic banks dat r curently sponsorin BH sect. Think myfrnd![color=#006600][/color]