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Islam › Re: Is Riba (Usury) Forbidden In Islam? by ArewaNorth: 12:59pm On Nov 05, 2021

AllahIsShit:
Why do banks in Saudi Arabia and the Gulf States like Dubai UAE etc charge interest?

This isn't true.
Islamic banking or finance is any banking or financial activity that follows the principles of Shariah, a code of conduct that guides Muslims in economic, social and political matters.

Islamic banks work like conventional banks, except they have to obey specific Islamic principles. Perhaps the most popular principle is that interest is not allowed. Shariah mandates that all profit must come from work, and lending money to someone who needs it does not count as work. Under Islamic Finance, money is considered purely as a medium of exchange and store of value and cannot on its own, create more money – which is what happens with lending. Instead, a bank or financial institution has to provide some service to earn its profits.

Therefore, instead of conventional accounts with interest rates, Islamic banks provide services and accounts that offer profit or loss sharing mechanisms.

1 Like

Islam › Re: Is Riba (Usury) Forbidden In Islam? by ArewaNorth: 12:56pm On Nov 05, 2021

Albert0011:
So u expect me to me lend u money without any interest bah?

Na Una sabi o

Islamic finance refers to how businesses and individuals raise capital in accordance with Sharia, or Islamic law. It also refers to the types of investments that are permissible under this form of law. Islamic finance can be seen as a unique form of socially responsible investment. This subbranch of finance is a burgeoning field. In Islam, money borrowed are not supposed to have interest imposed to exploit the borrower but rather be borrowed based on mutual consent of equally sharing profit and loss between the entities.
Islamic law considers money as a measuring tool for value and not an asset in itself. Therefore, it requires that one should not be able to receive income from money alone. Interest is deemed riba(interest), and such practice is proscribed under Islamic law. It is haram, which means prohibited, as it is considered usurious and exploitative.

The equity financing of companies is permissible, as long as those companies are not engaged in restricted businesses. Prohibited activities include producing alcohol, gambling, and making pornography.

Profit and Loss Sharing Contracts (Mudarabah)
The Islamic bank pools investors' money and assumes a share of the profits and losses. This process is agreed upon with the depositors. What does the bank or individual invest in? A group of mutual funds screened for Sharia compliance has arisen. The filter parses company balance sheets to determine whether any sources of income to the corporation are prohibited. Companies holding too much debt or engaged in forbidden lines of business are excluded. In addition to actively managed mutual funds, passive funds exist as well.

1 Like

Politics › Re: Ohaneze: Sponsors Of Suit To Expel Igbos From Nigeria Should Face Treason Trial by ArewaNorth: 12:46pm On Nov 05, 2021

Sergio101:
Mr rich man from world poverty capital........ I have heard you.

I may not be rich but I'm far away from poverty, I've beaten poverty to coma and I'll never succumb to its temptation...
grin

2 Likes 1 Share

Properties › Re: Adebowale Sikiru Ikoyi Building Collapse: My Rejection For Being Muslim Saved Me by ArewaNorth: 12:44pm On Nov 05, 2021

Righteousness2:
Brother I Praise GOD for your being alive. But that does not change the fact that Without JESUS Christ you are headed for Destruction in Hell.
As There is no other way to be Saved

You mean the same Jesus who failed to save himself from the crucification?
How can a man born out of woman be a God?
A Religion that derives its name from mockery of Jews can't decide the fate of people in the life hereafter.

Read more, ponder well and accept the light of Islam!

2 Likes

Politics › Re: Ohaneze: Sponsors Of Suit To Expel Igbos From Nigeria Should Face Treason Trial by ArewaNorth: 12:16pm On Nov 05, 2021

Sergio101:
Look at the rubbish this man is yarning.

That Nigeria flag is flying everywhere in which igboland??.

Indeed our elite class are the number one problem we have in igboland

Who told u poor people like u matters in the affairs of ur states?

Poor people are not needed in decision making, so shut up!

1 Like

Politics › Re: Senate Rejects Sunday Dare’s Appointment Of Kinsman by ArewaNorth: 9:51am On Nov 05, 2021

Oksman:
Why reject him? Was he not doing the same thing his master taught him? Hipocrites!

PMB doesn't have more than 7 appointees from Katsina state.

Ogun tops Buhari’s 190 political appointees, South-east least represented.
Ogun State in South-west Nigeria has the highest number of political appointments made by President Muhammadu Buhari since his re-election in 2019 holding 17 out of a total 190 appointments, a document exclusively obtained by PREMIUM TIMES has revealed.
It is followed closely by Adamawa State with 14, and Kano, Lagos and Oyo states with 12 appointees each.
They are trailed by Katsina, Osun, Edo and Ondo with eight appointees apiece, Kwara and Ekiti with seven each while Delta comes next with six appointees.
States with the least appointments, according to the document, are Bayelsa, Ebonyi, Imo, Plateau and Zamfara, all of which have one political appointment each.
The Federal Capital Territory (FCT) has no single political appointee.
Ogun is the home state of Vice President Yemi Osinbajo.
Zonal distribution
On a zonal basis, the South-west geo-political zone, comprising Ogun, Osun, Oyo, Lagos, Ondo and Ekiti, tops the list with 64 appointees.
The North-west, Mr Buhari’s home zone, which has seven states altogether, comes a distant second with 37 appointees.
The states in the zone are Kebbi, Sokoto, Jigawa, Kaduna, Kano, Zamfara and Katsina where Mr Buhari hails from.
https://www.premiumtimesng.com/news/headlines/396186-ogun-tops-buharis-190-political-appointees-south-east-least-represented-full-details.html

Politics › Re: Boko Haram: I Regret Giving Birth Abubakar Shekau - Mother Laments by ArewaNorth: 9:43am On Nov 05, 2021

ChiefSosa:
No Islam. No Muslims. No Terrorists.

Remember that Hitler, Germans and most Nations that caused horror of first and second world war are Christians and never have Muslims tagged ur religion the caused of the mayhem.

Politics › Re: Boko Haram: I Regret Giving Birth Abubakar Shekau - Mother Laments by ArewaNorth: 9:38am On Nov 05, 2021

BeeBeeOoh:
Nawa o! Oga this your vex fit nuke people o.

Remember Derico's mother never wished to give birth to a notorious armed robber.

Remember Oyenusi's mother never for one day wished to give birth to a notorious armed robber also.

Also, remember that Anini's mother didn't pray to God give her a nightmare as a son.

It's not Shekau's mother's fault that she gave birth to a blood sucker, Abubakar Shekau decided to become a terrorist same with Derico, Oyenusi and Anini that chose to became armed robbers also.

They all decided within themselves to become a menace to the society

May God bless u

1 Like 1 Share

Politics › Re: Igbo want to be President But How Will it happen. by ArewaNorth: 12:50am On Nov 05, 2021

I always wonder how they want to get the position. They insult everybody with contrary opinion to theirs, they blackmail others and do all sort of illogical approaches and still expect power at platter of gold!

Just because PMB is Fulani-Muslim, they call APC fulani, terrorists party not knowing that all Nigerian zones accepted APC except them and they suddenly become angry for becoming irrelevant in Nigerian polity for making bad decision. Ethno-religious propaganda become their new lifestyle, they took a very dangerous antecedent......

PDP they're worshipping has obviously doesn't recognise their existence. The Fulani they refuse to asslick in APC, they end up asslicking them in PDP.

Come 2023, PDP will field Northerner and VP from SS!

2 Likes

Politics › Re: Nigerian Illiterate, Fort Britain To Surrender Country To Fulani by ArewaNorth: 12:36am On Nov 05, 2021

SUFFERInSMILIIN:
My Nigerian people are citizens are one of the biggest illiterate in the world they fought the British Empire got independence only to surrender themselves to the fulani how illiterate can we be. We Nigerians are the only people which will run to another man's land when getting to his country we want to vote for the idiot in Nigeria which could do nothing for us bunch of illiterate. We Nigerians 10 people will be killed in are village Rodger we will be facing black life matter in America which the person is 100 times better than us and in a better situation than us bunch of illiterate

Idiot!
How do u expect British to give power to people they met naked, disorganised with no religion?
When they came to Nigeria, North had similar leadership structure British is using, North had schools and religion, infact more than 90% of Northerners at that time were literate; they could read and write using Ajami. Nigeria got her independence peacefully, no blood was spilled.

Going by the manner and antecedent that British met Nigerians how do u expect them to handover power to u?

Politics › Re: 2023 Elections:indigbo, Let Work For The Victory Of The South No by ArewaNorth: 12:23am On Nov 05, 2021

VOICEofORIENTAL:
Not only Yoruba can score!we igbos can score as well..s south can score also.all southern team players can score! north is not an option, never.its our turn!..MY MESSAGE IS;IF IGBOS CAN'T GET IT, LET US WORK FOR ANOTHER SOUTHERNER WHO STANDS THE BETTER CHANCE TO SCORE.

Support Tinubu or nothing. We in the North will endorse Tinubu to pay back his support for our son. Tinubu has what it takes to take this country to the next Level.

This delusional fake southern unity won't help, u may end up jeopardising ur debris of political relevance!

Politics › Re: BREAKING: IPOB Cancels Sit-at-home, Urges Anambra Residents To Vote On Saturday by ArewaNorth: 12:14am On Nov 05, 2021

Fahdiga:
That's to show you that IPOB is a peaceful group unlike what you guys think it is

Stop this pretentious statement and face reality, IPOB is so frightened by seeing military might and brown envelope.
Only gullibiles like u are left to embrace the shame of their words!

2 Likes 1 Share

Business › Re: CBN Spends N58.6 Billion To Print 2.5 Billion Pieces Of Naira Notes by ArewaNorth: 12:08am On Nov 05, 2021

See how village people, pessimists and educated illiterates are making usual comments without comprehending the report.

I bet u it will cost billions to print 2billion A4 papers talkless of Naira mint. Is better we embrace digital currency than this baseless rhetoric bashing!

24 Likes 2 Shares

Politics › Re: IPOB: South-East Governors To Soon Meet FG Over Nnamdi Kanu by ArewaNorth: 7:34pm On Nov 04, 2021

These people are very stupid, their stupidity is hunting them back.

They call PMB terrorists sympasither despite obviously dealing with Boko Haram than their their favourite but karma is striking them back-to-back.
Here are terrorists sympathisers from AfghanEastern.
Negotiating for Kanu's release is like negotiating for Boko Haram to get amnesty.
They tag Northeners terrorists, they tag our elders terrorists, now the baseless accusations and propaganda is hunting them back!

Politics › Re: Video Shows Anambra Citizens Exchange Votes For A Drink Can And N1k! by ArewaNorth: 2:35pm On Nov 04, 2021

LegendHero:
Which 1k? That man is sharing #200 naira in that video.

He gave some two notes (#400) and some one note #200.

See instablog below?

Very pathetic cry

1 Like

Politics › Re: Video Shows Anambra Citizens Exchange Votes For A Drink Can And N1k! by ArewaNorth: 1:35pm On Nov 04, 2021

Imagine how they will flood this thread with insults and mockeries if it were in other section of the country.
Chaii....just 1k grin

Politics › Re: Mu’azu Magaji Danbala In Prison For Calling Ganduje & His Sons “Kano Thieves” by ArewaNorth: 1:33pm On Nov 04, 2021

dawnomike:
No more freedom of speech in this administration... So, watch what you say.

PMB administration is not like that of GEJ

Politicians are thieves... we know that already.

Don't be ignorant!
The law in Nigeria see Ganduje as innocent untill proven guilty by a competent court of law. Freedom of speech is a scam world wide. You need to know what law says before exercising ur freedom.

Politics › Re: Plateau Crisis: IGP Replaces Plateau Police Commissioner With "Nnamdi Onyeka", by ArewaNorth: 1:30pm On Nov 04, 2021

silvoclaira:
Okay. Igbos officialS are good in hatchet jobs

eg. Spokemen of ARMY, CUSTOMS. POLICE, EFCC, NAVY, PRISON, INEC, LIA AGU

Perhaps because they make more noise with less action....

Politics › Re: Heavily Armed Troops Patrol Anambra Ahead Of Governorship Election by ArewaNorth: 1:24pm On Nov 04, 2021

GardenOfGod:
I doubt they use such because those terrorists should have been exterminated by now

You are underestimating the gravity of the insurgency from far that is why u say so. In reality there are far more dangerous and sophisticated weapons deployed to North-East but they're not meant for fighting insurgency but a big war. It is very difficult to use 40-barrel to fight a group of terrorists, scattered in bush, 40-barrels are meant for eliminating big towns and cities from far but tanks and other amour vehicles are playing great role in the fight.

A soldier doing operation in the south or any other part of Nigeria who has never been to NE has never seen such kind of weapons except in movies or if opportuned to go abroad for a course!

Politics › Re: Heavily Armed Troops Patrol Anambra Ahead Of Governorship Election by ArewaNorth: 1:23pm On Nov 04, 2021

GardenOfGod:
I doubt they use such because those terrorists should have been exterminated by now

The war is complicated!

Politics › Re: Heavily Armed Troops Patrol Anambra Ahead Of Governorship Election by ArewaNorth: 12:38pm On Nov 04, 2021

ArewaNorth:
this is only for IPOB miscreants. In North ease these are what they use.

1 Like

Politics › Re: Heavily Armed Troops Patrol Anambra Ahead Of Governorship Election by ArewaNorth: 12:37pm On Nov 04, 2021

GardenOfGod:
Chaii! Is this all Nigerian Army got in their weaponry to display for a show of force?
Isn't it shameful to behold what a whole giant of Africa is showcasing?

this is only for IPOB miscreants. In North ease these are what they use.

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