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Nairaland Forum / Nairaland / General / Politics / ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion (12315 Views)
Zainab Ahmed: ₦613 Billion Sukuk Loan Spent On Roads, Bridges / FG Releases N162.5bn SUKUK Funds For Federal Road Projects / Enugu—Port Harcourt Expressway Being Constructed With The Sukuk Bond (Photos) (2) (3) (4)
₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by Biodun556(m): 10:39am On Dec 27, 2021 |
The Debt Management Office (DMO) has said that the N250 billion Sovereign Sukuk offer attracted unprecedented over-subscription of N865 billion.https://www.google.com/amp/s/pmnewsnigeria.com/2021/12/25/n250billion-sukuk-bond-oversubscribed-3-46-times/%3famp=1
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Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by Biodun556(m): 10:42am On Dec 27, 2021 |
Beauty of Islamic finance Religion is not our problem but rather a solution to our problem First and second WW were not caused by religion First WW claimed 16 million lives while second WW claimed 85 million lives Man will always find excuse to pursue his selfish interest on account of what he believes in Wole Soyinka established a so called fraternity in his University days, but now the fraternity has turned to cultism becomes one of the security challenges we face now in Nigeria. That's how man behaves. 76 Likes 3 Shares |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by AbuMaryam1(m): 10:44am On Dec 27, 2021 |
Biodun556:Children of hatred would soon call you names. Forgotten the so called world powers have long ago went into Islamic finance. Cause of it stability and fairness 57 Likes 1 Share |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by dawnomike(m): 10:47am On Dec 27, 2021 |
This is a very good part of islamic banking... 14 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by BigDawsNet: 11:18am On Dec 27, 2021 |
A guy said to God, "God, is it true that to you a billion years is like a second?" God said yes. The guy said, "God, is it true that to you a billion dollars is like a penny?" God said yes. The guy said, "God, can I have a penny?" God said, "Sure, just a second." Today, that guy is DANGOTE! make a choice today, and your life will never remain the same 10 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by xcesspaschal(m): 11:18am On Dec 27, 2021 |
D beauty of human accountability. 2 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by goatandyam: 11:18am On Dec 27, 2021 |
Shekau and the rest of them terrorist don see where to keep money made from years of doing bokoharam. Now ready to spread it even deeper into more and large scale terror activities. With the help of that useless Saudi crude-oil powered non- interest banking. We shall see how long you terrorist will be able to sustain that by the time solar powered and green energy becomes popular. The same sun that you worship is the same sun that is going to shut down your madness. Check UAE. They have seen the bigger picture and already leaving you idiots behind to continue on your unsustainable madness 4 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by ATEAMS: 11:18am On Dec 27, 2021 |
Oyyanaa |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by AFULA(m): 11:18am On Dec 27, 2021 |
Okay |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by money121(m): 11:19am On Dec 27, 2021 |
Seen |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by Nobody: 11:19am On Dec 27, 2021 |
K |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by brightology3: 11:19am On Dec 27, 2021 |
Ok |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by blamingthedevil: 11:19am On Dec 27, 2021 |
Sukuk Bond is a game changer benefited by all 9 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by Bankalert(m): 11:19am On Dec 27, 2021 |
This is highly commendable. If i get millions i for subscribe like two weeks ago too 1 Like |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by Tranquility4u: 11:20am On Dec 27, 2021 |
Islamic banking is the best! Many have committed suicide because of indebtedness caused by interest rate, brought about by Western banking system. Islam is the only system that can solve the world's problems. drlateef: Undoubtedly, they are! But you know what..... they used to be the first to condemn anything Islamic, even though they will benefit from it (e.g this sukuk bond). Also, don't forget that they attacked this very bond they will benefit from, the time the government revealed its plan for it. chigator2: Tranquility4u: chigator2, has been dodging my question. I just can't help it. I must drag you to the front page for the world to see your hypocritical religion because your hypocrite self has shunned my simple question regarding why you Christians or the Christian world deal with the usury/interest even though it is a sin according to your Bible. Not even one Christian church, home or abroad, has ever preached against usury, and your Bible is against it. They are even the biggest actors in usury, very greedy and uncompassionate people. So are you guys not flouting the rules and commands of your scripture? 24 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by SpecialAdviser(m): 11:21am On Dec 27, 2021 |
Biodun556:The problem with most of you Muslims is that you always like to play religion in everything. Dont forget that most of the good practice systems in the world also have Christian origin but nobody has made noise about it. If you have something you presented, why making it look Islamic always? Why not allow it flow in order not to draw unneccessary religious dimension to it? For instance, how would it be that some people attach thier religion to the origin of football? Attach to the origin of many great scientific feats. Attach religion to even our calendar system and much more Quit being stupid, it creates an atmosphere of suspicion. You muslims will never learn sha 28 Likes 2 Shares |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by drlateef: 11:22am On Dec 27, 2021 |
I am very sure majority of subscribers will be Christians. 3 Likes 1 Share |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by grimandevil: 11:22am On Dec 27, 2021 |
Nice |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by StreetFight: 11:24am On Dec 27, 2021 |
More money for looters to loot |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by siraj1402(m): 11:25am On Dec 27, 2021 |
This is an indication that Nigerians still have believe in this government. 5 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by SocialJustice: 11:25am On Dec 27, 2021 |
Nairametrics wrote a better story. No mention of rental rate here. 2 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by siraj1402(m): 11:25am On Dec 27, 2021 |
drlateef:I have the data, they are. 1 Like |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by Crenzywilliams(m): 11:25am On Dec 27, 2021 |
That's unlike Nigerians, especially in December... so good persons still de Abuja 1 Like |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by chigator2: 11:27am On Dec 27, 2021 |
dawnomike: Biodun556: Tranquility4u: drlateef: AbuMaryam1: These fanatics again.... Hold your high horses. Why are you guys trying to imply silly religious narratives into these report. For your information, Islam didn't Invent or even Introduce non-Interest finance to the world. Even Muhammad came to meet non-Interest finance practiced in his time. In Medieval Europe Usury was a Sin/Crime for Christians. It was only allowed for Jews who could only practice such to only non-Jews. Later, The Medici's adopted the trade and rose to power in Europe. So it's nothing new or original to Islam that you should brag or blab about. It shouldn't even be addressed as Islamic finance rather Non-Interest/Ethical Finance No system is perfect as some naive people claim. Islamic finance differs on 2 major concepts: 1. Shariah Permissible/Ethical Investing 2. Profit/Loss Sharing This does not magically delete the inherent risk in the business invested on. The business can fail woefully causing deeper losses for the lender than on the other hand, the flip side is that both parties share losses. Hence Ethical Finance is more sustainable and ensures the lender is a partaker of the risk so lending is more vetted rather than careless lending. On the other hand, Interest charging finance offers more time value for the lended money and protects you better from inflation while sacrificing sustainability. The Oversubscribing of Sukuk Bonds is also simply a feature of expanding Capital that is seeking returns. Capital is flowing about and needs returns so any available sustainable opportunity is a good bet. It doesn't mean anyone wants to shout Allahu Akbar, pray 5 times or blow up stuff with you Trustworthiness: Bruhh get educated and stop blabbing. Muhammad came 600 years after Jesus Christ. Read Church History, it was forbidden for Christians to loan a fellow Christian money and expect anything in return not even profit sharing was permitted.I guess inflation wasn't a worry thing then. They practiced this for good 500 years + before Muhammad came around with his revelations In Medieval Europe, Usury was also a crime. Muhammad came to meet Ethical Investing and as usual everything was plagiarized into Islamic Banking. So because the word "interest" was replaced with "Riba", it is now of Islamic origin. SMH. Truly truly Madrassa no be school 11 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by Sannisege: 11:27am On Dec 27, 2021 |
BigDawsNet:Dry 3 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by King44(m): 11:40am On Dec 27, 2021 |
Biodun556:out of all the yeye fed loan bonds etc I am.pleased with this sukuk. If you travel to lag from Ondo state you go know watin I mean. 1 Like 1 Share |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by funshow21: 11:46am On Dec 27, 2021 |
somebody shat hallelujah!! meanwhile they keep smiling to the bank while their poor members keep weeping in poverty!! them rich circle feed the poor with crumbs, and them go oppress the poor in the church with testimonies made possible via fraudulent activities!! 1 Like |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by Trustworthiness: 11:48am On Dec 27, 2021 |
SpecialAdviser: The fact still remains that this idealogy is from Islam. Then... It is worth mentioning. There is nothing wrong all religious groups bring out a game changing ideas that can bring reformation in the country. So, if your religion has something for the country, then let us know and don't keep it to yourself 5 Likes |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by cleish(m): 11:54am On Dec 27, 2021 |
Hmm, using stolen government money to buy insurance from the same government |
Re: ₦250 Billion Sukuk Bond Over Subscribed, Hits ₦865 Billion by SpecialAdviser(m): 11:55am On Dec 27, 2021 |
Trustworthiness:Practically almost all the system you have been running in the country especially as it in concerns education has Christian origin. Remember we were colonized by Christian missionaries. The Red Cross and Human right groups have Christian origins. Christians do not make noise or make refernce to call them Christian ideologies. Why are you guys so noisy like this? 7 Likes |
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