₦airaland Forum

Pete strikes me as a fair-minded fellow. So I'm trying to find out what he sees here that I'm missing. From my perspective, all of this seems very shady.

@texazzpete: OK, I've read through the first few pages and skimmed through the rest (http://www.cenbank.org/out/2011/circulars/fpr/non-interest%20banking%20guidelines%20june%2020%202011.pdf).

I guess my question is, why spend so much time focusing on Islamic banking? Even in this document, the title discusses non-interest banking, yet most of the doc is on islamic banking specifically. Why is this? Why is Islamic banking the most important, most relevant, and most necessary form of non-interest banking in Nigeria?

Why not instead just champion a form of non-interest banking with no religious sentiment attached to it? What does generic non-interest banking lack that Islamic banking provides?

This is why I am so suspicious of this. Non-interest banking will satisfy the needs of most Muslims or people whose religion doesn't permit them to charge interest or I guess pay interest, right? So why go religious if secular will suffice?

antitpiah:
Wow!

It seems you have real beeef with ileke.

I understand. Thats how I feel when I see the so called NL intellectuals post ridiculous stuffs, like how SLS doesnt have a MSC and never published any real article on Nigerian economy.

Can you kindly link to evidence of this MS of Sanusi's? You weren't able to do so on the earlier thread, so I assumed at the time that you conceded the point. Regarding SLS's writings on economics. . . well, they are trash.

NL intellectuals, always wrong, but oblivious to thier stupidity.

Possibly true, but you are certainly are not the one who has exposed their wrongness or stupidity. Certainly didn't get the job done in that earlier thread.