ZnO:

Comparing apple (Nigeria) with oranges (UK)
How many non  muslims have been killed in the UK by muslims
Why not name it anything order than islamic bank?
I will get back to you later. Thanks

I can understand your fear as a Nigerian because both Christians/Moslem are all bigots. In fact the bigger the bigot the better devoted you are. I am talking strickly on banking alone, whether its called Babalawo bank is not of my concern. My worry is that every good idea is killed in Nigeria because people only see things through their bigotted religious prism.
This arguement alone is another minus for the one Nigerian vanguard. If Arewa is on their own who give a monkey what they called the bank in their land? I keep telling Nigerians that you can't have it both ways. The Sharia state/governors wanted the law and at the same time shares revenues accrued from alcohol drank by infidels from non Sharia states.
Makes Sense?

omobaba101:

JUST A SIMPLE CLARIFICATION/EDUCATION: It was said that Islamic banking system is interest free on loans, but if the bank will be sharing the profit/loss of the business, will the profit shared not be interest for the money given out by the bank? Doesn't this look like the bank buying shares into every business venture? Just think through; won't that be a greater 'interest' really as they will supervise that the business goes through. Just asking!!!

You have answered your question yourself (see bolded), you charge interest on debts and collect dividend or profit if you like on equity. I hope you understand this rudimentary explanation. It can get very, very complex at the top level. Oga profit is different from interest, I know you know that.

Haba nija people how soon we forget recent stuff, Islamic banking has been with us since long time ago.
check it out,
Habib Bank plc biggest share holders were muslims.
M.K.O Abiola
shehu musa yar'adua
jose Babatunde
and others,
managed by Akin kekereekun(MD)without problems.
25billion naira issue came up ditto it changes name to Bank PHB run by a christian (MD), what happen next, money disappear from the bank vault into MD's private acct/companies.
if this bank will bring fund into the economy without interest so let it be.

i think most of us are derailing with our views on this. Should we be bothered about the name of the bank or its services,being an Islamic bank does not give it autonomy to operate outside the regulations of CBN. We have different telecommunication outfits and each decide the best way to deal with its subscribers so applies to services rendered by banks. Bank of the North was established solely to support the growth of the north even though it failed,it was perceived to be a northern bank and everything from the north in Nigeria is seen as Muslim. That is a wrong perception,it might be an Islamic bank but in the eyes of a good business man,it is just a normal opportunity to invest."leave wetin dey for motor body enter motor"

I do not see the problem here. Some people decided to have an Islamic bank, why not? The last time I checked, Nigeria is a free country where you can do banking business that promote the ethics of your faith. If the Pentecostal people wants a bank of their own that will promote the pentecostal Christian ethics in banking business, why not?

People who cannot do something good for their community should stop complaining when others are doing it.

Nigeria no do anything with oil money,now na islamic bank dem go use buy the whole world,wen  dey chop kolanut finish nd drink kaikai join nam dem go come de talk nonsence.make i hear word abegiiiii.

as usual dey sell out again, cheap people.

nakedall:

as usual dey sell out again, cheap people.

Who sold out? That Igbo man is a muslim of more than 40 years standing. He lives in the North, dines with them and sleeps with them. His name is Alhaji Abdulazeez Ude. http://www.jaizinternationalplc.com/board_of_directors_management_staff.html

I do not know how much Igbo is left in him.
A Yoruba is also a share holder, but Sanusi decides to emphasize on the Igbo man
We can see thru all that gimmick.

This islamic bank when established will surely deviate from it's primary aim and start sponsoring the islamic sects and other islamic militant groups. Just watch out as the drama unfold.

crackhouse:

This islamic bank when established will surely deviate from it's primary aim and start sponsoring the islamic sects and other islamic militant groups. Just watch out as the drama unfold.

Thank you for being on my side on this.

You guys should not bother yourselves too much.
Since the CBN governor has decided to make this the utmost priority in the light of more challenging things.Chasing rats while the house is on fire! I just want him to make it a level playing ground with conventional banks 25 Billion Naira capital ( and not the concessionary 15 Billion Naira for his Islamic Bank thing) and let the party begin!
If I may ask how good was and has Unity Bank and Habib Bank been doing!
By the time d current CBN governor is thru, Soludo (who he tried so much to rubbish) and who in my personal opinion could have done better than he did while in office will be increased in stature like an iroko tree!

Message for southern muslims:
To the northern muslims, you are all infidels. That is why try hard as you can (Adegbite and Co.) you can never be head of islam in Nigeria
You see your moon differently, they see theirs differently
In the last election, Buhari, a northern muslim, refused to yield to the requests of Tinubu, a southern muslim: all because they feel superior to you.
Yet, you dey fall mugu for their antics

I was in Kano in 2001 when I visited a friend serving there
Suddenly riot broke out
Yoruba muslims, Yoruba christians, Igbos and other southern and northern christians were killed
They say you live peaceably with christians in your midst, hence you are not good muslims
They say you southern muslims drink beer and patronize asha-wos, like christians do, so you are for those reasons, not true muslims.
But please take a trip to a place called Trailer Park along the Port Harcourt-Onne Highway in River State. They come from the North to load fertilizers from NAFCON and petroleum products from the nearby NNPC. There you will see these northern muslims in hundreds who empty beer bottles into their washing kettles used for ablution and drink from it, in deceit of the unwary. You find them sleeping with southern asha-wos on the back of their trailers at night. Ask them, they tell you ''this is southern nigeria, sharia will not catch us here''. They then go back north and pretend all is well and continue with their holier-than-thou attitude.
Did Abacha not die atop Indian asha-wos, as we hear? Yet, to a northern muslim, Abacha is more important than even the holiest of southern muslims.

I pity all these southern muslims who do not want to see beyond their noses.
Sharia Bank? Hm!! They go throw bomb inside the banking hall. Guess who the most bankers in Nigeria are, and thus, who the potential victims would be
They go use your savings buy bomb wey dey go use kill you.
The emphasis on islamic banking is a red flag that should not be ignored
We have had Habib Bank etc; no one cared, because the name does not suggest anything of security interest
From the grapevine, one of the conditions given by the Mullahs in the Middle East to pump in cash is that the name must be ISLAMIC BANK to stamp in the IOC angle to it.

Even the deceit by Sanusi in mentioning that an Igbo man is a shareholder of his sharia bank is lost on so many.
Ask him why he specifically singled out that Igbo man, among 10-15 other shareholders.

Hold your ears and listen up; Sharia is on its way to Ibadan. A word is enough for the wise.

Why is it now they want to have Islamic Banking in Nigeria? They didn't have it during Norther military ruler regimes and during the late Musa Yaradua term in office. Why now?

They instituted Sharia and Boko Haram during Obasanjo rule And, now Jonathan time they are bringing in Islamic Banking. The Northerners are becoming too restless these days. They need to start thinking of things that will benefit their people not Islamic Banking that doesn't accept interest but are financed by the Middle Eastern terror core sponsors.

Nigeria is a secular nation and people can just come up with any idea and implement it without prior constitutional consultations. Nigeria is backward men!

it's better we stay without BANK than bringing another trouble and 'muslim killing CORPERS BANK'

because of one igbo man( maybe an in-law to muslim) that we will implement lslamic banking?
NO WAY!!!!!!

it is a sad reality in Nigeria where even leaders prove their ignorance and stupidity.

in western nations islamic banking is working.in Nigeria where muslims are a majority (regardless whether you dispute it),you have some id.iots calling themselves christian leaders who are deliberately causing tension where there is non to make their voice heard and do "notice me".

those fools should educate themselves before issuing statements.ignorance and illitracy is the cause of the problems in nigeria and religion is only used to give issues a flavor.ignorance and illitracy exist in both sides of the divide.if people know religion well and also understand the religion of the other person,no killing or bloodshed or "bad belleh" would exist.

my question to these ignorant men:

there are many people in Nigeria who do not sell alcohol and pork in their shops,when would these semi-literate so called "christian leaders" doing "notice me" issue statements to impose that everyone must sell alcohol and pork?

everyone should be free to bank with any bank he wishes.if you dont want to bank with a non-interest bank (aka islamic bank),then choose another bank.there are churches,mosques,kingdom halls,shrines,synagogues and even hindu temples in Nigeria.yet,everyone has a choice where to worship.why cant the same happen with banks?there are also islamic and christian charity groups and islamic,christian and government hospitals.everyone has a choice to go where he wants.its a free country.would these stupid so called christian leaders ask for the government to ban the building of mosques?these men are only trying to create tension and make nigeria to be seen as not tolerant.or maybe they think in their stupid and arrogant minds that nigeria is a "christian country" so they want their voice to be heard by restricting others.that is in their dreams that will never materialize.these men should start campaigning against poverty and armed-robbery and ritual killings in majority christian states.they have much work to do in their backyards than trying to attract attention.

it is a sad reality in Nigeria where even leaders prove their ignorance and stupidity.

in western nations islamic banking is working.in Nigeria where muslims are a majority (regardless whether you dispute it),you have some id.iots calling themselves christian leaders who are deliberately causing tension where there is non to make their voice heard and do "notice me".

those fools should educate themselves before issuing statements.ignorance and illitracy is the cause of the problems in nigeria and religion is only used to give issues a flavor.ignorance and illitracy exist in both sides of the divide.if people no religion well and also understand the religion of the other person,no killing or bloodshed or "bad belleh" would exist.

There is nothing meaningful in what you wrote at all. That is not an excuse to have an Islamic Banking in Nigeria without addressing the constitution that gives right to a banking system that doesn't accept interest from the public. such banking system is bound to default or rather we are not fools to who this bank operators are − the sponsors are known hard core Islamists. Yes!Religion plays a great role in Nigeria and Nigerian politics. I can't see why Sharia should be implemented in Nigeria and no benefits or good it has done to the Northern states than to create ground for terrorists(Boko Haram). You must be hallucinating thinking there is no ulterior motives to this very idea of having Islamic Banking in Nigeria.

Mr Sanusi is a big fool for trying to drag in igbos into his useless almajiri banking debate  
God punish you

The Islamic Bank (JAIZ BANK PLC) has absolutely nothing to do with the normal conventional banking where high interest is the order of the day.

People like me who believe solely in the WORDS of ALLAH AGAINST Usury (interest) ARE 1001% IN SUPPORT OF THE ISLAMIC BANKING SYSTEM

Not to spite any religion or group but rather because of the fear of Allah.


, and by the way, i am a share holder of that bank (which has nothing to do with my clamouring for its existence but rather out of the unending facts of the benefit i know the bank will offer Muslims and nonmuslims alike).

all4naija:

There is nothing meaningful in what you wrote at all. That is not an excuse to have an Islamic Banking in Nigeria without addressing the constitution that gives right to a banking system that doesn't accept interesting from the public. such banking system is bound to default or rather we are not fools to who this bank operators are − the sponsors are known hard core Islamists. Yes!Religion plays a great role in Nigeria and Nigerian politics. I can't see why Sharia should be implemented in Nigeria and no benefits or good it has done to the Northern states than to create ground for terrorists(Boko Haram). You must be hallucinating thinking there is no ulterior motives to this very idea of having Islamic Banking in Nigeria.

i do not need to give you or those barking by issuing statements any excuse.both of you can go hug a transformer.

as a nigerian citizen,everyone is free to bank anywhere he wants.it is a non-issue.you are only fooling yourself to think that there are no extremist nigerians who are christians and muslims both in the so called south and northern nigeria.that got nothing to do with a legitimate banking institution that operates in a particular way by not collecting interests.do not use the excuse of hardcore "islamicists" because there is nothing as such when it comes to doing business.otherwise when would you ask the government to close mosques?or are you afraid that muslims would be given a chance to choose what they want?do not bring the constitution into this because having a bank that does not give interest or a shop that does not sell alcohol does not violate the constitution.this has to do with personal freedom.these bad belleh christian leaders are jealous because they cannot in their wildest dream have a christian bank because christianity has no legislation as islam is a complete way of life.if these men are not ignorant,they will know that islamic banking which does not collect interest has a biblical basis.it is amazing how they who call themselves  "followers of christ" are opposing a banking system which does not collect or give interest but they have no problem with banks that suck people's blood by taking or giving interest.

there are many people in Nigeria who do not sell alcohol and pork in their shops,when would these semi-literate so called "christian leaders" doing "notice me" issue statements to impose that everyone must sell alcohol and pork?

everyone should be free to bank with any bank he wishes.if you dont want to bank with a non-interest bank (aka islamic bank),then choose another bank.there are churches,mosques,kingdom halls,shrines,synagogues and even hindu temples in Nigeria.yet,everyone has a choice where to worship.why cant the same happen with banks?there are also islamic and christian charity groups and islamic,christian and government hospitals.everyone has a choice to go where he wants.its a free country.would these silly so called christian leaders ask for the government to ban the building of mosques?these men are only trying to create tension and make nigeria to be seen as not tolerant.or maybe they think in their silly and arrogant minds that nigeria is a "christian country" so they want their voice to be heard by restricting others.that is in their dreams that will never materialize.these men should start campaigning against poverty and armed-robbery and ritual killings in majority christian states.they have much work to do in their backyards than trying to attract attention.

Sorry you always misquote yourself and go for the edit button.

I don't even need to read nor quote you again. You and your fellow Muslims must address the issue of Boko Haram first! For your information, I am not a believer in any religion. I am an Atheist ! Yes I am!

You claimed the Christian leaders are uneducated and  you don't even have the brain to know what religion is , the origin and subsequences ?

You Muslims are always fanatical and ready to fight for your god! Don't preach it to where I am PERIOD!

there's no single christian or non-muslim on the board of this bank. Why are we like this nah. I tire for nigeria.


http://www.jaizinternationalplc.com/board_of_directors_management_staff.html

I remember late 2009 when America said Nigeria was a terrorist state, Dora, Senator Mark and most Nigerians halla. Now, are we not a terrorist state? I have always trusted USA for their prediction, including that Nigeria will break up by 2015 which most people on this forum will agree that it is 80% likely to happen.
Last year, FBI said we (Nigeria) should be careful of funds that we receive from middle east in form of grants, that most of these funds will be for terrorism. Now, Sanusi is seriously bent of establishing Islamic banking (the seriousness is as if he has a deadline) when Boko haram is heating up in the country ; this will make a  politically risk averse person will suspect that Islamic banking thing in Nigeria. As for me, I dont have a single problem with Islamic banking, infact it will even be good for people like me. But, Sanusi should be more intelligent than trying to force Islamic banking on Nigerians now when the country is yet to get over post election violence and boko haram. For Sanusi to be trying islamic banking in Nigeria as at now means he has hidden intention. It is a shame for Sanusi to try to drive his point home by not telling us that the IBO man is a muslim. The man misled us, the way he misled us about the sacked CEOs and their banks (thank God that peoples eyes have opened) .It shows that the man is not ethical.
Like I said, I will not pray and wish for Jonathan to remove the man. It is left for him to decide. God has shown us that Sanusi is evil, so it is left for Nigerians to do the needful.
Last word, God will punish Yaradua for appoiting sanusi, may he rot in hell, may his soul not find peace where he is.
Islam is not evil. The way it is practiced in Nothern Nigeria is evil. 95% of hausas support boko haram, only that they dont want to say it in public

[b]Islam is foreign to Igboland and the East. Seeing an Igbo Muslim is like seeing a three headed dog--very rare almost non existent.

Now many of you tend to confuse Igbo speaking Hausa merchants in the SE as Igbo muslims. Apart from this there is only one way in which an Igboman might "adopt" Islam.

A) A few desperate Igbos might "convert" (notice the quote) to Islam and go to the North and seek financial assistance from the Alhajis and Alhajas of the North claiming to be "brothers and sisters in Islam" but they often desert and run back to the south after their financial goals are achieved.

Christianity and Traditional Animism are the only belief systems that are practiced by the Igbo people and other indigenous people of the East. Now, that does not mean that you won't find Hausa merchants and cattle readers who have learned to speak little Igbo inorder to communicate with the locals and by foreigners, they tend to be confused as Igbo men.

Other than this, Islam has no grip in the East since it does not bring anything politically, socially or economically to the Eastern people's. If a man is Muslim, he will be estranged from Christiana and even Animusts will see him as a foreigner. He will have no political stance since his religion will often estranged him from the people and label him as a "Northerner". But despite this, the 99% Christian oriented and 1% Sole Animist demographic still stands.[/b]

kafanchan:

I remember late 2009 when America said Nigeria was a terrorist state, Dora, Senator Mark and most Nigerians halla. Now, are we not a terrorist state? I have always trusted USA for their prediction, including that Nigeria will break up by 2015 which most people on this forum will agree that it is 80% likely to happen.
Last year, FBI said we (Nigeria) should be careful of funds that we receive from middle east in form of grants, that most of these funds will be for terrorism. Now, Sanusi is seriously bent of establishing Islamic banking (the seriousness is as if he has a deadline) when Boko haram is heating up in the country ; this will make a  politically risk averse person will suspect that Islamic banking thing in Nigeria. As for me, I dont have a single problem with Islamic banking, infact it will even be good for people like me. But, Sanusi should be more intelligent than trying to force Islamic banking on Nigerians now when the country is yet to get over post election violence and boko haram. For Sanusi to be trying islamic banking in Nigeria as at now means he has hidden intention. It is a shame for Sanusi to try to drive his point home by not telling us that the IBO man is a muslim. The man misled us, the way he misled us about the sacked CEOs and their banks (thank God that peoples eyes have opened) .It shows that the man is not ethical.
Like I said, I will not pray and wish for Jonathan to remove the man. It is left for him to decide. God has shown us that Sanusi is evil, so it is left for Nigerians to do the needful.
Last word, God will punish Yaradua for appoiting sanusi, may he rot in hell, may his soul not find peace where he is.
Islam is not evil. The way it is practiced in Nothern Nigeria is evil. 95% of hausas support boko haram, only that they dont want to say it in public

i think there is more than one breaking news in the above quote:

-sanusi is a boko haram member

-sanusi is forcing nigerians with islamic banking.

the intelligence level of some nigerians is a problem.has sanusi closed all other banks or forced them to implement islamic banking?or is he just allowing some people form a bank and operate it in a way that does not accomodate interest?

all4naija:

Sorry you always misquote yourself and go for the edit button.

I don't even need to read nor quote you again. You and your fellow Muslims must address the issue of Boko Haram first! For your information, I am not a believer in any religion. I am an Atheist ! Yes I am!

You claimed the Christian leaders are uneducated and  you don't even have the brain to know what religion is , the origin and subsequences ?

You Muslims are always fanatical and ready to fight for your god! Don't preach it to where I am PERIOD!

do you know what "misquote" means?

adding a few more sentences to a post is not called "misquote".

it is unfortunate that many fools roam forums and post nonsense echoing the ignorance of some so called leaders.the quality of the posts on nairaland is heartaching.it is a sad reality that reflects the society and which shows that many nigerians from the ones on top need serious rehabilitation.they are sick and then they balme it on "one nigeria".the problem is not the land or its size but the people and the size of their thinking.

odumchi:

[b]Islam is foreign to Igboland and the East. Seeing an Igbo Muslim is like seeing a three headed dog--very rare almost non existent.

Now many of you tend to confuse Igbo speaking Hausa merchants in the SE as Igbo muslims. Apart from this there is only one way in which an Igboman might "adopt" Islam.

A) A few desperate Igbos might "convert" (notice the quote) to Islam and go to the North and seek financial assistance from the Alhajis and Alhajas of the North claiming to be "brothers and sisters in Islam" but they often desert and run back to the south after their financial goals are achieved.

Christianity and Traditional Animism are the only belief systems that are practiced by the Igbo people and other indigenous people of the East. Now, that does not mean that you won't find Hausa merchants and cattle readers who have learned to speak little Igbo inorder to communicate with the locals and by foreigners, they tend to be confused as Igbo men.

Other than this, Islam has no grip in the East since it does not bring anything politically, socially or economically to the Eastern people's. If a man is Muslim, he will be estranged from Christiana and even Animusts will see him as a foreigner. He will have no political stance since his religion will often estranged him from the people and label him as a "Northerner". But despite this, the 99% Christian oriented and 1% Sole Animist demographic still stands.[/b]

your post is sick,parochial and foolish.

you're just the other side of the coin.since when has race or ethnicity got anything to do with one's personal choice of religion?

i have an igbo friend who is in america and adopted islam willingly through research and knowledge.

i hope everyone take note of your words and keep in mind that those words are coming from your mouth and not from the mouth of a northerner.let the world see who is imposing his will on others and eliminating personal freedom and freedom of religion.it is the same approach that your so called christian leaders are using to issue empty and shameful and divisive statements.

thank you jare

Sharia banking 101: If you cannot pay back your loan, you only lose a body part.
Bank Director : Alhj. Dr. Sen. *Ped. Sani  Yerima

*Ped = ped.o.phile

I just read from Business Hallmark that according to Sanusi's plan "non sharah compliant persons will not benefit from his Islamic Banking facility (loans). You see!!! The guys that were talking of how it is done in Britain etc., are you seeing the Nigerian factor!!! This guy has a grand design.
I will stop now to search and post the link to the story before forumites start attacking my person. No be me talk am oh !