DrTee1:
God bless SUKUK!

P.S: I am a Christian.

WHo is SUKUK that God is blessing or is SUKUK a name of a Person?

Sukuk is not interest free, otherwise the Islamic bank which gave the loan will collapse.

What they do is charge interest, but they call it by another name.

Instead of calling it interest, the Islamic bank calls it a rental. The construction project be it a road or a housing estate belongs to the Islamic Bank and you become their "tenant". They'll start charging you "rent" at incremental rates which for all intents and purposes, is virtually indistinguishable from the interest charged by commercial banks.

The only difference is that while commeecial banks may charge compound interest (known as Usury), Islamic banks, on paper, are not supposed to charge anything more than simple interest. But the reality is, many of them do, even in Saudi Arabia.

meum:
Sukuk is a component of Islamic finance. It is a non interest based investment and financing instrument. Interest free. Dem no fit use the money sponsor shayo project, gambling etc.

Beware...there's something skull mining there o

GerogeI:
SUKUK is what happens when your country stupidly elects a religious bigot, who happens to be from your neigbouring country as leader. He builds no roads, rather erects religious symbols all over the place with 0.5km asphalt. Then tries to build a railway to his real country. Hacks election to hand over to another foreigner. Its a country for cattle, an animal farm of sorts.

Haba!

Here to learn and read comments

osuofia2:

WHo is SUKUK that God is blessing or is SUKUK a name of a Person?

It is an Islamic non-interest loan given to governments of participating countries for developmental projects.

cenaman:
I Nigeria an Islamic country?

Money does not know religion or tribe. You will do anything to get money to develop infrastructure in your country.

Shariah complaint bond or financial certificates!

talk2hb1:
I am always amazed how some Nigerians displays their absolute Hatred and Disdain for Islam and Muslims, I am yet to understand is it out of ignorance or they are just being fagg0ts.

Most of them are drunkards and Prostitutes. You don't expect much sense from this class, do you?

naptu2:


What does that have to do with sukuk bonds (cheap finance for infrastructure)?

Is the United Kingdom an Islamic country?

This is the UK Government's sukuk bond offering.

https://www.gov.uk/government/publications/uk-sovereign-sukuk-plcs-offering-circular--2

You dey mind the mad bigot. Are his tribal girls Islamic girls when they travel to Arab countries to gaggle shit and szck hairy balls for dollars?
cenaman

Quranisforfools:
Sukuk is not interest free, otherwise the Islamic bank which gave the loan will collapse.

What they do is charge interest, but they call it by another name.

Instead of calling it interest, the Islamic bank calls it a rental. The construction project be it a road or a housing estate belongs to the Islamic Bank and you become their "tenant". They'll start charging you "rent" at incremental rates which for all intents and purposes, is virtually indistinguishable from the interest charged by commercial banks.

The only difference is that while commeecial banks may charge compound interest (known as Usury), Islamic banks, on paper, are not supposed to charge anything more than simple interest. But the reality is, many of them do, even in Saudi Arabia.

Biased gibberish statements as usual. Who takes a drunkard seriously
Well, may be fellow drunkards

GerogeI:
SUKUK is what happens when your country stupidly elects a religious bigot, who happens to be from your neigbouring country as leader. He builds no roads, rather erects religious symbols all over the place with 0.5km asphalt. Then tries to build a railway to his real country. Hacks election to hand over to another foreigner. Its a country for cattle, an animal farm of sorts.

You are ignorant, yet you won't shut your gutter. The number of Ignoramuses on Nairaland is Concerning. To exacerbate, they couple as DRUNKARDS. Pathetic

GerogeI:
SUKUK is what happens when your country stupidly elects a religious bigot, who happens to be from your neigbouring country as leader. He builds no roads, rather erects religious symbols all over the place with 0.5km asphalt. Then tries to build a railway to his real country. Hacks election to hand over to another foreigner. Its a country for cattle, an animal farm of sorts.

is GEJ a Muslim

Una go explain tire 🥱

naptu2:
Both Nigerians and non-Nigerians can subscribe to the sukuk bonds.

Nigerians are not quarrying about Sukuk Bond but did Fashola explain this Sukuk Bond to an Ordinary Nigeria's? No!
What Nigerians later saw was a Bond or a Loan from the Muslim backdoor - but with no Interest,but who Owns the Bond/ the Money?
The reason for suspecting the Modus operandi is that we all know how Nigeria was smuggled into Membership of OIC,( Organisation of Islamic Conferences) just because the former Heads of States then were Muslims and they think they can imposed anything on Nigeria,just as they imposed the 1979 Constitution by claiming ''We '' when it's not true!
•Nevertheless,the Sukuk Bond have been instrumental to various Roads Project including- Sagamu- Ikorodu ( although that road ought to have been completed ,but Federal Govt Monitoring group/ Supervisors are hardly seen there,only when the public complains),2nd Niger Bridge,some Lagos Roads,etc,as shared by other people in this Forum!
Christians should not fear but be inquisitive about NIGERIA,to know directions of things because most of our Leaders- Past and Present ,have lost the Trust which is the sanctity of Democracy World wide!

Meaningless conspiracy theory nonsense.

We were all taught what a bond is back in secondary school.

SUKUK mean SUKUK

When a company needs money, it can sell shares. You become and owner of the company when you buy the shares.

When a government needs money, it can sell bonds. The bonds means that the government owes you. In other words, you are lending money to the government.

In the case of sukuk, the government sells bonds, but the buyer becomes a part owner of the asset (road, etc) until the government pays back the loan.

As was said in the article that I posted on the first page, you can buy the bonds . . .

naptu2:




“To be listed on the Nigerian Exchange Limited and FMDQ Securities Exchange Limited, ” it said.


https://leadership.ng/dmo-offers-n150bn-sukuk-bond-for-subscription/

naptu2:
When a company needs money, it can sell shares. You become and owner of the company when you buy the shares.

When a government needs money, it can sell bonds. The bonds means that the government owes you. In other words, you are lending money to the government.
In the case of sukuk, the government sells bonds, but the buyer becomes a part owner of the asset (road, etc) until the government pays back the loan.
As was said in the article that I posted on the first page, you can buy the bonds . . .

And has it been listed now?
So that we know the Masses are part owner,till the Repayments of the borrowed Money!

LordIsaac:

And the project is being executed by a Southern Minister of Transportation!

leave the stiu*p alone, Jonathan implemented much of Sukuk

LegendHero:
SUKUK itself is an Arabic word.

The meaning is Islamic/shariah compliant bond.

So it’s just like saying you’re investing/getting into agreements that adheres to Islamic law.

10/10, that is ,100% correct.

lwisee:
A loan without interest but SUKUK is an Islamic word.

do we have Islamic language?? Hence,it's an Arabic word.

BreconHills:


And your churches have reversionary asset loans in the law of Moses, (years of jubilee) and corporate philanthropy for the poor ( production wastage and edges of fields - e.g rounding up of numbers and delivery to the poor) and freedom for indentured servants but none of them thought to push these into mainstream finance and here you are complaining about a religion that turned their faith into $2.6 trillion and counting global business that has brought a lot of good into the world.

By the way I am a committed Christian but not one to hate on others for my faiths failures.

You don't need to reply this guys . Hatred is in their blood naturally

IYKYK
SUKUK

Shey you know, you know. Shehu🤣

meum:
Sukuk is a component of Islamic finance. It is a non interest based investment and financing instrument. Interest free. Dem no fit use the money sponsor shayo project, gambling etc.

But them fit loot am she, or draw down on it under the pretence of doing infrastructure project, and not do the project?

Bluntemperor:


Nigerians are not quarrying about Sukuk Bond but did Fashola explain this Sukuk Bond to an Ordinary Nigeria's? No!
What Nigerians later saw was a Bond or a Loan from the Muslim backdoor - but with no Interest,but who Owns the Bond/ the Money?
The reason for suspecting the Modus operandi is that we all know how Nigeria was smuggled into Membership of OIC,( Organisation of Islamic Conferences) just because the former Heads of States then were Muslims and they think they can imposed anything on Nigeria,just as they imposed the 1979 Constitution by claiming ''We '' when it's not true!
•Nevertheless,the Sukuk Bond have been instrumental to various Roads Project including- Sagamu- Ikorodu ( although that road ought to have been completed ,but Federal Govt Monitoring group/ Supervisors are hardly seen there,only when the public complains),2nd Niger Bridge,some Lagos Roads,etc,as shared by other people in this Forum!
Christians should not fear but be inquisitive about NIGERIA,to know directions of things because most of our Leaders- Past and Present ,have lost the Trust which is the sanctity of Democracy World wide!

Did Fashola explain? That is a categorical lie to say Fashola deceived the public. He was asked questions on this. I will not help you search but the internet is there. Drop the unnecessary mischief. Kemi Adeosun the Finance Minister was not left out

https://twitter.com/hmkemiadeosun/status/915998241178767363

GerogeI:
SUKUK is what happens when your country stupidly elects a religious bigot, who happens to be from your neigbouring country as leader. He builds no roads, rather erects religious symbols all over the place with 0.5km asphalt. Then tries to build a railway to his real country. Hacks election to hand over to another foreigner. Its a country for cattle, an animal farm of sorts.

Is this hatred or what?

Is interest free loan a bad idea or is the country granting the loan without collecting interest harmful?

LegendHero:
SUKUK itself is an Arabic word.

The meaning is Islamic/shariah compliant bond.

So it’s just like saying you’re investing/getting into agreements that adheres to Islamic law.

Sukuk is the Arabic name for financial certificates, also commonly referred to as "sharia compliant" bonds. Sukuk are defined by the AAOIFI as "securities of equal denomination representing individual ownership interests in a portfolio of eligible existing or future assets."

GerogeI:
SUKUK is what happens when your country stupidly elects a religious bigot, who happens to be from your neigbouring country as leader. He builds no roads, rather erects religious symbols all over the place with 0.5km asphalt. Then tries to build a railway to his real country. Hacks election to hand over to another foreigner. Its a country for cattle, an animal farm of sorts.

How far will you go with this type of mentality....

This is to tell you that Nigeria has finally become an Islamic State.

GerogeI:
SUKUK is what happens when your country stupidly elects a religious bigot, who happens to be from your neigbouring country as leader. He builds no roads, rather erects religious symbols all over the place with 0.5km asphalt. Then tries to build a railway to his real country. Hacks election to hand over to another foreigner. Its a country for cattle, an animal farm of sorts.

But na since GEJ I don dey see am o. So? ??