₦airaland Forum

Islamic banking in ibadan, no doubt that's their colony.

musKeeto:
I'm sure that also includes you, your parents and all relatives who are also Africans.


Across all spectrum of life, taking the benefits of an existing model( democracy, education, science) and tweaking it till it works in a particular system isn't a symptom of inferior complex. [s]Western nations like the UK have also adopted Islamic Banking[/s]



The rest of your post is as ignorant as Oremus' earlier post. And stop asking others to read. Go and read.

Stop giving me selective points. The Pakis in East London does not represent the UK. Anyways... enjoy your banking lol.

Dollyak:
Did you even read the article? Do you know the terms and condition? The fundamentals of sharia banking still remains, so why don't you lecture me on the advantage. This is why some of you guys piss me off sometimes with soo much stupidityy. Why have a presumption based on opinion? Geez you lots are insufferable.

Wanna see a stick in the mud, look in the mirror.

And what's with your love for the word "stupidityy"?? Appears you wake up with lots of such people around you every morning.

In any case, I've given you an advice, it is your prerogative whether to take or reject it.

Have a nice day.

musKeeto:
You always rush to comment on front page, yet never have anything useful or intelligent to say. First of all, are you a businessman?
What's the difference between conventional banking and Islamic banking? What are the advantages of Islamic banking over conventional banking?
How is Islam a problem in this country? You call Nigeria a zoo, what does that make you? When did Nigeria become a zoo? After your principal GEJ lost elections?

Take advantage of the luxury of the internet you enjoy in this modern world to train and develop yourself, rather than spreading hate and ignorance just to gain likes and mentions. Fucking idiot.

That boy is a nuisance. I pity his parents and family. Very dull and sluggish.

Flyoruboy1:
Remember this: http://www.thisdaylive.com/articles/igbos-lead-in-consumption-of-islamic-insurance-products/144495/

Lolz. Dont mind those silly bigots.

Good development

Too many ignorant kids on this section.

If interest is free , will be good for business other wise I don't see any sense in it....

Dollyak:
It is not. Get that into your head. Go and read up on islamic banking.

i guess u dnt knw wht Islamic banking is or perhaps u only see wht you intend seeing.A little research on the the islamic way of doing things wl be of hlp.

Dollyak:
I hate nairalands sometimes. Too many stupiddity.

You are not alone.

barbstee:
i guess u dnt knw wht Islamic banking is or perhaps u only see wht you intend seeing.A little research on the the islamic way of doing things wl be of hlp.

Why not educate me. I like to be challenged. Give me your understanding and let us trash it out with facts and references. You can't just toss out a cop out sentences without backing it up.

Chiaka:
If interest is free , will be good for business other wise I don't see any sense in it....

Interest free you say...they must have the licence to print their own money?

It is not about what is said, but what is done.

All na packaging.

Dollyak:
Why not educate me. I like to be challenged. Give me your understanding and let us trash it out with facts and references. You can't just toss out a cop out sentences without backing it up.

summarily it deals more with profit and loss sharing and it most importantly protects faith so it is nt bn compelld on anybody

UncleJudax:
Interest free you say...they must have the licence to print their own money?

It is not about what is said, but what is done.

All na packaging.

If interest is not free then what's the use. How does it differ from the conventional banks

Chiaka:
If interest is not free then what's the use. How does it differ from the conventional banks

Na packaging. When you enter you go know.

UncleJudax:
Na packaging. When you enter you go know.

Hmn!

The Reglio-economic conquering of yorubaland has been set rolling. The next target------------> An EMIR OF IBADAN. Guess what? They don't even see the signs, their fathers are on the streets begging while the children are more interested in buy 10mb with their little stipends to fight Igbos on the internet. Their curse is irredeemable.

OREMUSSANCTUS:
U must be high on cheap drugs

E pain u gidigan o. But just as you claim that you did not mention any religion, you should as well know that this person was not talking to you nah.

ERODEDEAST:
This is one of the problems that the Controversial Emir Sanusi brought to this con3

This is one of the solutions. Don't worry, you will also prefer to use the Islamic bank later.

Good day![s]

soulhighman:
This is one of the solutions. Don't worry, you will also prefer to use the Islamic bank later.

[/s]

Dollyak:
You know what? Hopefully, this is the only thing they will adopt from their northern muslim brothers. I am not surprise as to why Oyo state looked so backward the last time we passed through... .

I don't know why Muslims deceive themselves with sharia banking which is almost impractical economically speaking (hello dubai ). As I understand "Islamic" banking products, they operate in the same way as other financial products - banks borrowing money at interest on the markets, providing debt finance to businesses and individuals but calling the interest something else.

Other approaches are for the bank to buy the asset (car, house) and for the borrower to buy the asset from the bank in installments, paying more than the bank paid for it originally, reflecting the time value of money - AKA interest by any other name.

The resulting high costs mean Muslims still prefer standard borrowing plans in the UK and most countries. Even nominally Islamic states like Saudi Arabia make sure to invest their funds in non-sharia products and companies.

I think the word here is "gullibility." Rather like "halal" meat that has actually been stunned, you will find someone to label your product halal. One of the leading clerics, Muhammad Taqi Usmani estimated that 85% of sukuk (sharia-compliant bonds) actually weren't.
http://en.wikipedia.org/wiki/Sukuk#Controversy

Nigerians are simply gullible and incredibly stupidd

see d long sh!t dis one dey write because of yoruba matter .d pple of ibadan r not complainin,nah ibo gal dey get headache

Dollyak:
You know what? Hopefully, this is the only thing they will adopt from their northern muslim brothers. I am not surprise as to why Oyo state looked so backward the last time we passed through... .

I don't know why Muslims deceive themselves with sharia banking which is almost impractical economically speaking (hello dubai ). As I understand "Islamic" banking products, they operate in the same way as other financial products - banks borrowing money at interest on the markets, providing debt finance to businesses and individuals but calling the interest something else.

Other approaches are for the bank to buy the asset (car, house) and for the borrower to buy the asset from the bank in installments, paying more than the bank paid for it originally, reflecting the time value of money - AKA interest by any other name.

The resulting high costs mean Muslims still prefer standard borrowing plans in the UK and most countries. Even nominally Islamic states like Saudi Arabia make sure to invest their funds in non-sharia products and companies.

I think the word here is "gullibility." Rather like "halal" meat that has actually been stunned, you will find someone to label your product halal. One of the leading clerics, Muhammad Taqi Usmani estimated that 85% of sukuk (sharia-compliant bonds) actually weren't.
http://en.wikipedia.org/wiki/Sukuk#Controversy

Nigerians are simply gullible and incredibly stupidd

I wanted to respond but theres no need.Clearly ,you are not N INTELLIGENT PERSON TO WASTE TIMNE ON.,
YOU DONT KNOW WHAT YOU ARE ARGUING ON.

STICK TO WHAT YOU KNOW, PLEASE!!!!!!!

musKeeto:
I'm sure that also includes you, your parents and all relatives who are also Africans.


Across all spectrum of life, taking the benefits of an existing model( democracy, education, science) and tweaking it till it works in a particular system isn't a symptom of inferior complex. Western nations like the UK have also adopted Islamic Banking



The rest of your post is as ignorant as Oremus' earlier post. And stop asking others to read. Go and read.

YOU BOTHERED TO RESPOND? I CANT BELIEVE THAT A PERSON WILL SIT DOWN AND ARGUE SO STUPIDLY YET SHE SAYS NAIRALANDERS ARE STUPID.

FOR GOOD NESS SAKE HOW CAN AN INDIVIDUAL GET ON A PUBLIC FORUM AND JUST EXPOSE HER IGNORANCE AND LOW IQ?

SMH

arabianights:
I wanted to respond but theres no need.Clearly ,you are not N INTELLIGENT PERSON TO WASTE TIMNE ON.,
YOU DONT KNOW WHAT YOU ARE ARGUING ON.

STICK TO WHAT YOU KNOW, PLEASE!!!!!!!

You think you can just toss out a red herring and fool me? Foool, with your disjointed sentence and writings I can sleep better at night. Internet is truly an equaliser of people. You don't even need to bother, so go and worry about something within your mental capacity.

Dollyak:
You think you can just toss out a red herring and fool me? Foool, with your disjointed sentence and writings I can sleep better at night. Internet is truly an equaliser of people. You don't even need to bother to respond, so go and worry about something within your mental capacity.

AS YOU WISH, YOUR HIGHNESS. IT HURTS WHEN YOU SEE A BEAUTIFUL LADY DISPLAYING STUPIDITY .
NEXT TIME, MAKE YOUR RESEARCHES BEFORE COMMENTING ON WHAT YOU DONT KNOW.

THAT ASIDE, I WENT THROUGH YOUR PAST POSTS,AND I MUST ADMIT......................YOU ARE WELL SOUNDED BUT AT THIS POINT, AM REALLY VERY SORRY BUT YOU DISPLAYED STUPIDITY AND LOW IQ.

SLEEP WELL.

arabianights:
YOU BOTHERED TO RESPOND? I CANT BELIEVE THAT A PERSON WILL SIT DOWN AND ARGUE SO STUPIDLY YET SHE SAYS NAIRALANDERS ARE STUPID.

FOR GOOD NESS SAKE HOW CAN AN INDIVIDUAL GET ON A PUBLIC FORUM AND JUST EXPOSE HER IGNORANCE AND LOW IQ?

SMH

Gosh. Mr Intelligent indeed . Hey, you don't need to use a capital letter either, as it automatically reduces your argument to a moot point.

Dollyak:
Gosh. Mr Intelligent indeed . Hey, you don't need to use a capital letter either, as it automatically reduces your argument to a moot point.

I DONT REMEMBER STATING THAT I WAS INTELLIGENT,DID I? AS TO MY USING CAPITAL LETTER,THATS WHAT I CHOSE TO AND BESIDES THATS NOT THE BONE OF CONTENTION

arabianights:
AS YOU WISH, YOUR HIGHNESS. IT HURTS WHEN YOU SEE A BEAUTIFUL LADY DISPLAYING STUPIDITY .
NEXT TIME, MAKE YOUR RESEARCHES BEFORE COMMENTING ON WHAT YOU DONT KNOW.

THAT ASIDE, I WENT THROUGH YOUR PAST POSTS,AND I MUST ADMIT......................YOU ARE WELL SOUNDED BUT AT THIS POINT, AM REALLY VERY SORRY BUT YOU DISPLAYED STUPIDITY AND LOW IQ.

SLEEP WELL.

I will make my 'researches' before commenting next time. Let me help you out, I know what I am saying and so far no one has been able to dispute my point apart from the usual red herrings. You are not in a position to talk about IQ, so revert..

arabianights:
I DONT REMEMBER STATING THAT I WAS INTELLIGENT,DID I? AS TO MY USING CAPITAL LETTER,THATS WHAT I CHOSE TO AND BESIDES THATS NOT THE BONE OF CONTENTION

You are not claiming intelligence, yet you feel authorised to talk about it. How does that work? I don't want to be rude but... Anyway, have a good day and God bless.

barbstee:
summarily it deals more with profit and loss sharing and it most importantly protects faith so it is nt bn compelld on anybody

So... how does this differ to what I said? I even went ahead to explain it further than you ever did. Help your brothers out by displaying my ignorance, because so far, you haven't presented an argument as to why I was wrong.

For those getting gassed because of David Cameron's bond investment you need to open your eyes. This is as much political as it is for economical reasons, something of which still doesn't benefit the borrower.
To comply with sharia law, Islamic investors are forbidden to receive interest, isn't it? Sukuks for instance issued in Britain and Germany avoid this problem by ensuring the fixed return investors receive on the debt is linked to the profit generated by an underlying asset." You can quote me anywhere and to any banker.

This is basically trying to sidestep Allah with a technicality lol

Oh.. news flash anyone . Dubai has just set up a financial centre which has its own civil and commercial laws, its own courts, and laws based on the best bits of English law precisely, defaulting to the laws of England in case of ambiguity. Don't you just love the Arabs? Oh Nigerians..

Anyway, any more questions will be swiftly answered as long as someone's life is saved from the scam. Need to get back to my research work .