₦airaland Forum

<Quote>
The MOSSAD brings the following : -

Their intelligence gathering and processing is second to none . . .  

Their stealth mode of infiltrating the enemy is second to none. . .

Their sophistication and brutality in tackling terrorism is second to none . . .

A faceless Boko Haram  . . needs a precise stealth procedure to to take them out . . 
</quote>

Jmaine,

MOSSAD is hyped! I want to say over-hyped!!

They were part of the total force in Iraq and this fact was not disclosed because it would embarass their hyped reputation. They also fought Lebanon and lost the war. Recently they assassinated Hamas leadership in a cross country plot but their cover was blown inspite of the multiple layers of disguise, identity swaps and all what not.

So much of their prowess is only on paper and cannot consistently be matched on ground.
In any case, we don't need a foreign help. For what our soldiers get paid and their perks and pension, they have not earned the medals on their chestm . . . . .here is the chance, the proving ground to pin a 4-star epaulette.

MOSSAD's presence in that area will attract underground organizations that prey on them. That could be a repeat of Mogadishu all over again. Don't need it!

Like I said 'can't give the specific verses right now but look in the index of your Quran for the word "usury" and read the referenced surahs. In the Bible I believe Deutoronomy. If not there then here are two navigators for where they should be in Old Testament after the captivity of the Children of Israel into Babylon. I'm not sure its in New Testament but if its I would suggest the teachings of Paul or Rebecca.

If anyone can get the specific chapters and verses pleae share.


On the origin of the Jewish usury itsself it is believed it started in Egypt when Joseph was made the custodian over agricultural crops and harvests and he was charged with the exchanges and trades.

I know some of you have many times in the past when buying grains or some commodities have requested the seller to add "jara". Lmao!

That "jara" is actually derived from "Ijara".

Also common among Yorubas and Hausas is the word "riba".

First, we cannot discuss this topic and educate on it without using the scriptures as backdrop. I'm not at home so not close by a scripture to give you the references here in the Quran, the Gospel and the Torah. I will share how you can obtain the info in some other ways.

The term non-interest banking is actually a wrong way to describe Ijara. Interest is not forbidden in Islam, what the Sharia forbids is "USURY".

What is Usury?  It is a prohibitive fee charged on a loan (interest) of money, property or service. Unlike conventional loans, usury rates are often unregulated. Pawnbrokers, loansharks, check cashing joints, payday loan, title pawn, etc, are all usury loaners. Debt is bad for the soul, it drains the spirit, divides family, encourages crime and destroys society.

Why is usury forbidden in Islam?

I wish most of you know the history of christianity enough to understand the background of usury and that the practice was forbidden by the Christian Church. Usury was a common practice with the Jews. Their scripture forbids charging interest on loans between children of Israel but authorizes it when Jews loan to non-Jews. Jews developed crude methods for recovering their investments. When Islam came along usury was forbidden by the Quran. Quran did not forbid interest, as it said trade and contracts should be conducted measure for measure and to reduce all contracts into writing with witnesses attesting to the agreements.
So Islamic banking will derive fees on the utility but not on the loan itself.

Example: if I loan you N500,000 to start a business and we agree that you pay the money back in yearly installments of N50,000 for a term of 10yrs. Then at end of 10yrs your total loan repayment will be N500,000. There is no interest on the loan. Now, at the initial stage when I gave you this money for business I may express desire in some remittance from the business itself, say for every N100 sale N5 is deposited into a benefit trust fund that I set up for philantrophy. This is interest or profit sharing on the business.    

Usury in developed countries have become so bad and destructive that they are seeking new regulations to limit many of these pawnbrokers. In fact some conventional banks have copied their style and became prohibitive in their practices as well.

If you use ATM to get your money, there is a fee for it. If you make 5 withdrawals in a month there is a fee. If you don't maintain a certain minimum amount there is a fee. It gets worse with credit cards. Average person in Europe or America is sitting on a huge debt of credit spending - borrowed spending. The banks make more revenue from fees than they do on interest on convential loans. So industriaized nations picked back on non-usury banking practices by going to Islamic banking for the answer. But its not strange to them because out of the three religions it was only in Judaism that usury was allowed, Christianity and Islam forbade it.

Another example is pawn in America. If you need money and can't get a loan from bank but you have a house you can use as collateral then you can get financing for home equity loan. When your loan matures and you don't have any way to pay it there are other second chance financiers that will buy the loan and add more weight to the problem by extending the maturity date but for a higher interest now. Then when you default on payment and you have title to a car then you can pawn the title on that car, get quick cash to make payment so you don't loose the house. When its time to pay on the title loan and you don't have the money they have another company that buys you out of a title pawn debt.

So what started as a $10,000 loan with house equity might become $50,000 in just 5yrs when the equity loan is added to the second equity, added to the title pawn and then pawn buy out. . . . .add all the service fees at each intermediary point to the accumulated interest.  At the end of the day the debtor will either go into crime to meet obligaions, or loose the house and the car and might not be cleared of the debt even after the losses. Some end up addicted to hard substances and or just comitting suicide.

Usury is a very bad practice in the society, worse than most any other crime imaginable. Islamic banking is a relief and its self-regulated by Shariah and on.a consuistent basis so that an Islamic bank in Dubai operates with same principles and measures as Islamic banking in Kuala Lumpurn same for Isamic banking in Nigeria, same for Islamic banking in London. This is because the Sharia is uniform in all pllaces for all peoples at all times.

 

The vices and corruption of conventional banks in developed countries has crept into our own system in Nigeria. The Northerners are aware of this problem and since its their desire to have a Shariah demarated region, then they also get a wholesale benefit of its banking and financing. This will prepare the way forward for a self-sufficient North.

Generally everyone else in the country benefit from it by default, moslem or not. Sincerely, CAN ought to review the Church history and come to understanding that this practice is not opposed by  Christianity.

Wow, its a long list of questions. I will try my best to answer and others are welcome who have expertise in the other areas to join in and eduicate.

<Quote>
Islamic banking is a product of banking system such as commercial or micro finance.
</quote>

It came out of Quran.

Araboy,

Bismillahi ar-Rahmani ar-Rahim.

Begin the lesson please

Ah, Ngo "the brute".
Lmao, Tell am!

, Lmao@discipline/field! How do you verify I'm truthful if I say I'm president of Islamic bank in Morocco?

Abagworo,
I think you are biased against my participation on this forum. The way you guys are re-defining lands is scary. You are using language map to lay claims to people and land that are clearly not native tongue Igbo.

Just because a people speak Igbo today does not make them native Igbo. Beside, the recognition and respect for self-determination and self-will is the theme in contemporary society. Igbo is known to have disregarded and kidnapped the will of your neighbors in past. Your insinuations and assertions continue to point to the fact that, if you are left unchecked you will repeat the violation. Hence, it is within reason and propriety to be alert and stop you and get you to backtrack from this grandeur ambitions.

So you might as well just lay the "red carpet" for me and share your snuff 'cos Negro is not going anywhere.

The likes of Ogbuefi must not be allowed to bend and denigrate other people's heritage in the interest of getting a sixth Igbo state and as a result a buoyed population count.

I will observe and not talk unless provoked. In fact, I have not broken similar commitment on "the origin of igbo people" post. You remember?

Although the topic doesn't suggest but given the emotions you can see we are talking about some critical issues here. Nobody likes their land to be taken from them.

I refuse to wait for you to start talking about Igbo enclaves in Yoruba lands before I join, as Ogbuefi has disrespectfully demonstrated when he talked about Bini pushing into Yorubaland, clearly on a plot to start connecting dots in his phantom dream of a great Anioma.



<Quote>
PhysicsMHD:
Quote from: Negro_Ntns on Yesterday at 11:56:38 PM

It is expected that the move to create Anioma state will meet with great pushback in both Edo and Delta states.



Quote from: tpia@ on Today at 12:07:15 AM

most likely it will.


Who will oppose it in Edo state? On what grounds? What makes you think Edo state politics is even remotely concerned with what happens in Anioma?

The only possible objection I can think of is this Oza nogogo issue, but that issue is not even well known. There will most likely be no "pushback" from Edo state.

And who will oppose it in Delta state? Are you aware of the statements about "Real Delta" vs. Anioma that some of the people there make? Are you unaware of the grumbling about Warri not being the capital?

@@@ Yes, you are right about Delta. They want a managable state void of preventable discords, I forgot!@@@




I also responded to your statement about a planned "all out attack on the Ika area" by Benin under the moniker PhysicsQED, but the spambot caught/hid the post.



Quote from: ezeagu on Today at 12:40:16 AM

Their ethnicity is no longer Yoruba and never will be ever again. Their Yoruba past is evident in some things, but they have been absorbed just like the Edo migrants have. Something people will have to get over.


Oza nogogo has not been absorbed.

Oza nogogo is Bini. When I tried to rightfully claim them as Bini (which they are) somebody here fought very hard for them to be denied of who they are based on claims of some imperial lordship over them by a certain kingdom! I'm starting to think that this is motivated more by mineral royalties than common sense.

@@@ of course, and the manipulation of head count for poitical access and budgetary windfalls@@@

Somebody is talking about Benin kingdom when I am instead talking about the Bini ethnicity and I think it is a deliberate attempt to mislead. Under any reasonable definition of ethnicity, the oppressed Oza nogogo people are of the Bini stock and not of the Anioma sub-group of the Igbos. This whole claim of them being "Anioma" is absurd. Anioma is an identity created only a few decades back but it did not exist prior to the 20th century and did not even exist at the beginning of the 20th century. This claim simply has no basis. There is no way that they are absorbed when they are clearly Bini.

@@@ native language vs missionary influence @@@

<Quote>Let us consider the infrastrural deficits dat we are facing presently in Nigeria, I believe dat non-interest banking is d vehicle dat can provide d required funds for d develoment of our power sector, because, it allows for the development of d project without unneccesary interest burden of the conventional banking.</quote>

Wooo, hold on bro!

Why is govt going to Islamic bank or a non-interest bank for loans to fund projects?

Slow down, You got it upside down!!