₦airaland Forum

Adblg0610:
Summary Table
Aspect Details

Loan Type. ~Qard Hasan (interest-free loan)
Repayment~Principal-only, with agreed grace and installment schedule

IsDB Benefit~ Development impact, spiritual reward, goodwill, future cooperation

Recipients~Typically least-developed or low-income member countries

MadamExcellency:
How and when will the State pay back the loan and what is the Islamic Banking demands?

lawani:
They charge administrative fees on money and also share in profits. It is more or less the same thing

FreeStuffsNG:
When completed, the project, according to the statement, would reduce travel time in Abia’s busiest urban corridors, create over 3,000 jobs for local residents, reduce greenhouse gas emissions, improve access to social services, and attract private sector investment.

Same Abia State whose indigenes worked against APC and derided APC as an Islamic party is now the first beneficiary of the Muslim-Muslim APC ticket Presidency and Islamic institution they derided. Smh.

This is a solid evidence that APC and the President don't discriminate against any Nigerian let alone discriminate along tribal or religious lines like APC opponents in Abia State do.

Let it be on record that Islamic Bank built Aba

Thank you President Bola Ahmed Tinubu and Vice President Shettima.

oalandAgents2:
This don't even make sense. Does FG own the Islamic bank and what authority does Tinubu have to approve the bank's loans ?