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Nairaland Forum / Nairaland / General / Travel / What Does SUKUK Mean? (Pictured) (31369 Views)
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Re: What Does SUKUK Mean? (Pictured) by virginchaser(m): 11:35am On Dec 18, 2023 |
This has given us access to Benin city. |
Re: What Does SUKUK Mean? (Pictured) by GoodRocks: 11:49am On Dec 18, 2023 |
talk2hb1: Islams and Muslims are considered Terrorists in every corner of the world. This is exactly why Americans hate Islam and Muslims with so much passion 1 Like |
Re: What Does SUKUK Mean? (Pictured) by Banjoramos(m): 11:53am On Dec 18, 2023 |
Sukuk Means Bond that generates revenue from sales, profits, or leases rather than interest. |
Re: What Does SUKUK Mean? (Pictured) by Successlane: 11:55am On Dec 18, 2023 |
talk2hb1: It's ignorance, hypocrisy and bigotry all wrapped in one in their brains. Go to these Islamic nations and see how the kinsmen of these Islam haters flood everywhere, doing all manners of job to survive. 2 Likes |
Re: What Does SUKUK Mean? (Pictured) by talk2hb1(m): 11:57am On Dec 18, 2023 |
GO0DHardDick:Media Prosecution! |
Re: What Does SUKUK Mean? (Pictured) by BreconHills(m): 12:02pm On Dec 18, 2023 |
Hananfine: Too true 1 Like |
Re: What Does SUKUK Mean? (Pictured) by RepoMan007: 12:11pm On Dec 18, 2023 |
osmosis101:I wonder why the hypocritical dictator didn't opt for this loan before enslaving his children to IMF and WB. |
Re: What Does SUKUK Mean? (Pictured) by meum: 12:11pm On Dec 18, 2023 |
Decarbonisation:E Dey dia body. Itโs not supposed to be so as Islamic financing doesnโt support such |
Re: What Does SUKUK Mean? (Pictured) by LyfeJennings(m): 12:13pm On Dec 18, 2023 |
GerogeI: U JUST PROVED HOW MUCH OF AN ILLITERATE U ARE |
Re: What Does SUKUK Mean? (Pictured) by meum: 12:14pm On Dec 18, 2023 |
Quranisforfools:Thatโs it. They call it interest free but the rental part is how they make money from the loan 1 Like |
Re: What Does SUKUK Mean? (Pictured) by Dejijossy(m): 12:15pm On Dec 18, 2023 |
You see the post at any project executed with Arab bond/loan. They offered interest free loan to Nigeria. |
Re: What Does SUKUK Mean? (Pictured) by Omoluabi16(m): 12:21pm On Dec 18, 2023 |
Islamic finance... |
Re: What Does SUKUK Mean? (Pictured) by firearcher: 12:35pm On Dec 18, 2023 |
GerogeI: Ignorance and insanity rolled into one 1 Like |
Re: What Does SUKUK Mean? (Pictured) by Raheeqilmaktoom: 2:09pm On Dec 18, 2023 |
talk2hb1: Whats even more saddening is the people displaying an open and an intense level of ignorance. Imagine someone that does not know what bonds are is criticizing interest free bonds and a horde of illiterates are egging him on. Tradgedy of a people and tomorrow, these same people will be on front row of "they use religion deceive them" choir. 1 Like |
Re: What Does SUKUK Mean? (Pictured) by Allisgud: 2:10pm On Dec 18, 2023 |
Which means any project they use the money for,a big sign board will be erected their |
Re: What Does SUKUK Mean? (Pictured) by LagosG: 3:14pm On Dec 18, 2023 |
talk2hb1:Don't mind them. They've been configured to think like that. They happily spend Naira with Arabic inscription |
Re: What Does SUKUK Mean? (Pictured) by okorogodwin4(m): 3:41pm On Dec 18, 2023 |
Sukuku is an Islamic way of looting money |
Re: What Does SUKUK Mean? (Pictured) by U09ce: 3:52pm On Dec 18, 2023 |
Islamophobes everywhere! 1 Like |
Re: What Does SUKUK Mean? (Pictured) by Expanse2020(m): 3:54pm On Dec 18, 2023 |
We know your problem if you want to challenge them(islam) provide something similar....gather your sect leader to do the same to help countries if you can't do it stop making false note on the SUKUK |
Re: What Does SUKUK Mean? (Pictured) by Quranisforfools: 4:26pm On Dec 18, 2023 |
I know the truth is painful to you in the same way disinfectant is painful to bacteria, but wether you like it or not, everything I said is true. If you don't believe me, go and ask any Islamic banker you know and if he is honest, he will cure your ignorance. Emu4life: |
Re: What Does SUKUK Mean? (Pictured) by Quranisforfools: 4:37pm On Dec 18, 2023 |
This is the problem when you can't call a spade by its name. Islamic banks can refer to their own interest as either "rent" or "profit sharing", it makes no difference because it works exactly the same way as interest. No bank will last longer than a year in business if it doesn't charge interest because interest guards against phenomenon like loss of currency value and inflation. For example, in cases of property purchase, known as home mortgage commercial banks will charge about 6% interest. But if an Islamic bank enters into a mortgage with you, it buys the house and begins renting it to you. 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 in some cases commercial banks may charge compound interest (known as Usury) especially if the property is being used to carry out a business, 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. Raheeqilmaktoom: |
Re: What Does SUKUK Mean? (Pictured) by Emu4life(m): 4:45pm On Dec 18, 2023 |
Quranisforfools:I'm an Islamic Banker and I say you are wrong. Stop propagating false hood. |
Re: What Does SUKUK Mean? (Pictured) by Quranisforfools: 5:19pm On Dec 18, 2023 |
Must you keep on lying? You're an Islamic banker and you don't even understand the fundamentals of Islamic banking?๐คฃ๐คฃ๐คฃ Emu4life: |
Re: What Does SUKUK Mean? (Pictured) by Trophy12: 5:27pm On Dec 18, 2023 |
GerogeI:lol ๐๐๐๐๐๐๐๐๐ this man , |
Re: What Does SUKUK Mean? (Pictured) by splendournoni: 9:21am On Dec 21, 2023 |
talk2hb1: Humanitarian workers currently in Syria under doctors without borders... maybe you need to travel more then you will wise up |
Re: What Does SUKUK Mean? (Pictured) by GerogeI(m): 9:39am On Dec 21, 2023 |
Tokskob2008: The real objective was obviously the religious sign board, not the road. Most places you see the signboard the asphalt does not pass 0.5 to 1 km. Hence the objective was to maximize the number of religious symbols and normalise an Islamic agenda, just like herdsmen/ bandits terror are now normalized in our minds. |
Re: What Does SUKUK Mean? (Pictured) by Abbey24(m): 10:44am On Dec 21, 2023 |
SUKUK is a non interest Islamic finance product i.e Islamic Bond, no interest rather profit sharing. It is used lately in Nigeria by federal govt. to finance capital projects, to sum it all, it is better than conventional bond and anything related to it |
Re: What Does SUKUK Mean? (Pictured) by Coolgent(m): 11:01am On Dec 21, 2023 |
SUKUK is a Shari'a Interest Free Loan. |
Re: What Does SUKUK Mean? (Pictured) by ThiagoKid(m): 1:51pm On Dec 21, 2023 |
GerogeI: Blood of Zachariah! |
Re: What Does SUKUK Mean? (Pictured) by gaskiyamagana: 3:36pm On Dec 21, 2023 |
GerogeI:Child of history. Check some states projects financial assistance very well, some of them are using SUKUKU. |
Re: What Does SUKUK Mean? (Pictured) by osmosis101(m): 7:43pm On Dec 21, 2023 |
RepoMan007: People lyk u went against it saying,dey are trying to ISLAMIZE Nigeria |
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