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Nairaland Forum / Nairaland / General / Travel / What Does SUKUK Mean? (Pictured) (31422 Views)
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Re: What Does SUKUK Mean? (Pictured) by osuofia2(m): 9:36am On Dec 18, 2023 |
DrTee1:WHo is SUKUK that God is blessing or is SUKUK a name of a Person? |
Re: What Does SUKUK Mean? (Pictured) by Quranisforfools: 9:43am On Dec 18, 2023 |
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: 2 Likes 2 Shares |
Re: What Does SUKUK Mean? (Pictured) by Justiceleague1: 10:14am On Dec 18, 2023 |
Beware...there's something skull mining there o |
Re: What Does SUKUK Mean? (Pictured) by Advertisershubs(f): 10:16am On Dec 18, 2023 |
GerogeI: Haba! |
Re: What Does SUKUK Mean? (Pictured) by ComNonny: 10:18am On Dec 18, 2023 |
Here to learn and read comments |
Re: What Does SUKUK Mean? (Pictured) by DrTee1(m): 10:20am On Dec 18, 2023 |
osuofia2: It is an Islamic non-interest loan given to governments of participating countries for developmental projects. |
Re: What Does SUKUK Mean? (Pictured) by rhames(m): 10:23am On Dec 18, 2023 |
cenaman: Money does not know religion or tribe. You will do anything to get money to develop infrastructure in your country. |
Re: What Does SUKUK Mean? (Pictured) by AbuTwins: 10:23am On Dec 18, 2023 |
Shariah complaint bond or financial certificates! |
Re: What Does SUKUK Mean? (Pictured) by Emu4life(m): 10:24am On Dec 18, 2023 |
talk2hb1:Most of them are drunkards and Prostitutes. You don't expect much sense from this class, do you? 2 Likes |
Re: What Does SUKUK Mean? (Pictured) by Idaytesj29(m): 10:24am On Dec 18, 2023 |
naptu2: 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 |
Re: What Does SUKUK Mean? (Pictured) by Emu4life(m): 10:26am On Dec 18, 2023 |
Quranisforfools:Biased gibberish statements as usual. Who takes a drunkard seriously Well, may be fellow drunkards 2 Likes |
Re: What Does SUKUK Mean? (Pictured) by Emu4life(m): 10:32am On Dec 18, 2023 |
GerogeI: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 1 Like |
Re: What Does SUKUK Mean? (Pictured) by Ekugbeh(m): 10:35am On Dec 18, 2023 |
GerogeI:is GEJ a Muslim 1 Like |
Re: What Does SUKUK Mean? (Pictured) by LockDown69(m): 10:45am On Dec 18, 2023 |
Una go explain tire 🥱 |
Re: What Does SUKUK Mean? (Pictured) by Bluntemperor: 10:50am On Dec 18, 2023 |
naptu2: 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! |
Re: What Does SUKUK Mean? (Pictured) by naptu2: 10:52am On Dec 18, 2023 |
Meaningless conspiracy theory nonsense. We were all taught what a bond is back in secondary school. 2 Likes |
Re: What Does SUKUK Mean? (Pictured) by walozanga(m): 10:54am On Dec 18, 2023 |
SUKUK mean SUKUK |
Re: What Does SUKUK Mean? (Pictured) by naptu2: 11:01am On Dec 18, 2023 |
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: 1 Like 1 Share |
Re: What Does SUKUK Mean? (Pictured) by Bluntemperor: 11:05am On Dec 18, 2023 |
naptu2: And has it been listed now? So that we know the Masses are part owner,till the Repayments of the borrowed Money! |
Re: What Does SUKUK Mean? (Pictured) by siraj1402(m): 11:06am On Dec 18, 2023 |
LordIsaac:leave the stiu*p alone, Jonathan implemented much of Sukuk |
Re: What Does SUKUK Mean? (Pictured) by mu2sa2: 11:07am On Dec 18, 2023 |
LegendHero:10/10, that is ,100% correct. |
Re: What Does SUKUK Mean? (Pictured) by yusuf0876(m): 11:08am On Dec 18, 2023 |
lwisee:do we have Islamic language?? Hence,it's an Arabic word. |
Re: What Does SUKUK Mean? (Pictured) by Hananfine: 11:13am On Dec 18, 2023 |
BreconHills: You don't need to reply this guys . Hatred is in their blood naturally |
Re: What Does SUKUK Mean? (Pictured) by papyjaypaul: 11:14am On Dec 18, 2023 |
IYKYK SUKUK Shey you know, you know. Shehu🤣 |
Re: What Does SUKUK Mean? (Pictured) by Decarbonisation: 11:14am On Dec 18, 2023 |
meum: But them fit loot am she, or draw down on it under the pretence of doing infrastructure project, and not do the project? |
Re: What Does SUKUK Mean? (Pictured) by papyjaypaul: 11:16am On Dec 18, 2023 |
Bluntemperor: 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 |
Re: What Does SUKUK Mean? (Pictured) by rolams(m): 11:17am On Dec 18, 2023 |
GerogeI: Is this hatred or what? Is interest free loan a bad idea or is the country granting the loan without collecting interest harmful? 1 Like |
Re: What Does SUKUK Mean? (Pictured) by rolams(m): 11:22am On Dec 18, 2023 |
LegendHero: 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." |
Re: What Does SUKUK Mean? (Pictured) by pendragonbladgo(m): 11:26am On Dec 18, 2023 |
GerogeI:How far will you go with this type of mentality.... |
Re: What Does SUKUK Mean? (Pictured) by Sunnyski: 11:26am On Dec 18, 2023 |
This is to tell you that Nigeria has finally become an Islamic State. |
Re: What Does SUKUK Mean? (Pictured) by lhurd: 11:27am On Dec 18, 2023 |
GerogeI:But na since GEJ I don dey see am o. So? ?? |
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