Originalsly: What is different in an Islamic Bank?....Are they not operating on interest too?

soj-naija:
Mallam Lamido Sanusi and many other "muslims" were once staff of FIRST BANK OF NIGERIA..
Folawiyo and many other baba-Adinni's of Nigeria are shareholders of Commercial banks.
Platinum-Habib bank was co-owned by muslim families...

MackDealer: I am a Christian...so I just need some enlightenment here...when we say the Quran instructed us to stay away from usury, is there a context to this? A[b]nd here is what I mean by this....if a widow comes to me for loan to feed her family vs dangote comes to me for a loan to build another cement factory....should I consider them both the same and just give the money without charging interest?[/b]

MackDealer: I am a Christian...so I just need some enlightenment here...when we say the Quran instructed us to stay away from usury, is there a context to this? And here is what I mean by this....if a widow comes to me for loan to feed her family vs dangote comes to me for a loan to build another cement factory....should I consider them both the same and just give the money without charging interest?

Built2last: I intend to write an article in the nearest future titled "The hypocrisy of Islam" here's why. If you travel up north they preach sharia by mouth but their actions are contrary. They ban alcohol and forbid anywhere it is sold but nobody drinks it like them.

On a larger scale, Nigeria is a secular state with companies like Nigerian breweries producing Star, Gulder etc. BAT, British American Tobacco. All these companies pay their tax to the federal purse and in turn the fed govt disburse the fund to all states. If Liquor or tobacco is banned up north in the name of sharia. why does your state governmnets collect money from the federal purse. are they claiming ignorance of the fact that Liquor and tobacco is one of the highest tax paying sectors of our economy and this money is shared to their states. Here they are again advicing a jobless fellow to ignore opportunities in the name of religion.

Built2last: I intend to write an article in the nearest future titled "The hypocrisy of Islam" here's why. If you travel up north they preach sharia by mouth but their actions are contrary. They ban alcohol and forbid anywhere it is sold but nobody drinks it like them.

On a larger scale, Nigeria is a secular state with companies like Nigerian breweries producing Star, Gulder etc. BAT, British American Tobacco. All these companies pay their tax to the federal purse and in turn the fed govt disburse the fund to all states. If Liquor or tobacco is banned up north in the name of sharia. why does your state governmnets collect money from the federal purse. are they claiming ignorance of the fact that Liquor and tobacco is one of the highest tax paying sectors of our economy and this money is shared to their states. Here they are again advicing a jobless fellow to ignore opportunities in the name of religion.

DMainMan: Salam'alaekum my fellow Muslim brothers and sisters. Can a Muslim work in bank. I know that benefiting from interest is haram.

I checked online sources as it was pinpointed that working in bank is haram. Although, some other website said one can work there as the interest God is talking of is not related to banking.

I also asked one of my Alfa and he said it isnt ok to work in bank that i should try to avoid but said one can work there based on one"s intention. One of which is that you are working to gain and learn experience so that u will add value to Islamic banking. Non-muslims are working in Islamic banks as they are more qualified and experienced. He also said if one is unemployed, one can go there for the time being but continue to search for other ones and leave even if the salary is lesser. He must go there with dat intention and constantly seek forgiveness.

I am kind of confused o. I av a very big decision to make. Just got a job offer in a bank having applied two years ago when seriously job searching then but was not even aware it is a commercial bank (Interest-seeking) cos de didnt mention the name. I had even forgotten but to my dismay, i got an offer letter. I av been so perplexed. Some advise me to go to training school to learn and withdraw but ethically I think it is bad. But is it wrong based on my intention of not wanting to work in a place that promote interest?

I resigned from my previous job to pursue a full-time Masters degree currently. This ASSU strike is not even helping matters at all.

Technically, I am now unemployed. My previous job salary was very small. As a man, who intends getting married soonest and catering for expenses, I av to move on for better opportunity. I cant allow my wife-to-be suffer .

This bank offer salary is mesmerizing . It is only few multinational companies that can pay it. Should I take it and risk sins upon sins as usury was mentioned quite upon numbers in the Holy Quran. Or is halal due to my circumstance and accept d offer den b a real man, marry and cater for my expenses in dis dunya and d deen. Working in d bank could also affect my Masters as there is two years bondage if I leave or risk paying two million naira. I heard ASSU strike could b on till next year.

It is hard staying at home with nothing to do. There are no job opportunities as before. I have tried other options in getting but to no avail

Please advise notably based on Islamic point of view. I have five days to decide. D decision I take could determine my future. U can also send me a mail to "dmainman@yahoo.com" for islamic resources concerning working in a bank.

Jazakhallahukhairan as I anticipate ur contribution.

TayoT:

Bro, I like what you are doing right now. I am xtian but my own understanding of religion is never to listen to what people say but what you understand. I'm sure, or better still, I hope you have studied and read the Quran to your thorough understanding before putting into cognizance what advice you get from people and even Imams.

But my own troubling question is;
Are all Muslims currently working in commercial banks on a Sinning spree?

Thanks

abusumaya:
u can enter into a profit and loss sharing deal with dangote or better still do not charge interest on the amount you are lending.however,for the widow,it is better if you gave her and not lend her,talk less of charging interest...the bible also forbids interest.

Sissie: Salam Alaikum,
Working in a commercial bank is haram.

CBN as a governing body also indirectly deals with interest, and I know learned people who are of the opinion working there is haram.

DMainMan: @abusumaya. Tks I wont join. Will manage d little business i am doing now and hope for d best.

MackDealer:

So again understand this not try to question ur faith or compare just want to know....so does the Quran highlight why I should not charge interest in a the dangote senerio? Because when I go through my bible it talk about not taking interest from the poor...but actually encourage charging interest in a business scenario.

Maybe to other faith this could be wrong...but am a believe of a saying in the bible that my people perish for lack of knowledge so I always want to know why I should or should not do something?

Boss13:

I nod my head in negation. Religion truly has an effect on people. I copied this somewhere and I don't know if it would help. I will not explain it anyways but if you do understand it then it is good for you.

"One day, one of his disciples came to the Lord Buddha and said, ‘Lord, whom shall I believe? One man tells me this and another that, and both seem sure they are right.’ The Lord Buddha replied, ‘My son, believe not that which any man saith, not even I, unless it appeals to your common sense. And even then do not believe it, but treat it as a reasonable hypothesis until you can prove it for yourself."

abusumaya:
The Quran is clear about it.it did not say u can charge interest to the rich and do nt charge the poor.let me shed light on this a bit.
in non interest financing,when you go into an equity financing of dangote biz where u have a profit and loss sharing ratio, which is ethical..which means ur money and labour are involved in the biz, unlike charging interest which means whether the borrower makes profit or loss, he still pays the principal plus interest which is unethical..it causes such borrower depression and may lead to suicide.

Built2last: I intend to write an article in the nearest future titled "The hypocrisy of Islam" here's why. If you travel up north they preach sharia by mouth but their actions are contrary. They ban alcohol and forbid anywhere it is sold but nobody drinks it like them.

On a larger scale, Nigeria is a secular state with companies like Nigerian breweries producing Star, Gulder etc. BAT, British American Tobacco. All these companies pay their tax to the federal purse and in turn the fed govt disburse the fund to all states. If Liquor or tobacco is banned up north in the name of sharia. why does your state governmnets collect money from the federal purse. are they claiming ignorance of the fact that Liquor and tobacco is one of the highest tax paying sectors of our economy and this money is shared to their states. Here they are again advicing a jobless fellow to ignore opportunities in the name of religion.

Boss13: @OP I understand your plight having studied a little bit about Islamic Banking/finance. However, conventional banking is not all about charging interest too. You can be designated to a department that has nothing to do with issuing loans. I have so many muslim (hard core) friends in the banking sector and some are fantastic credit advisers. Honestly, you need to provide for yourself and for the family you intend to raise. I cannot convince you otherwise about your religion cos I know how dear it is to you. However, you need that job than you realize. Your masters can wait or you can take up a part-time masters programme.

Since you may not like the banking industry, have a goal (personal and financial goal) and work towards it. I believe the job will assist you to achieve that goal. For now you are idle and that is bad for the brain.

Ngwakwe: You mean, no Sharia State should deal with CBN.

Sharia States are already paying Muslims with taxes collected from Commercial Banks and knowing fully well it's against their faith.

Should a good Muslim resign from State Government work?

abusumaya:

yes..xtian workers likewise

Kei144: Jobs in interest-seeking banks are for Christians. Muslims keep off!

Chiamaka01:

If wishes were horses then beggars would ride.
When the desirable is not available...