₦airaland Forum

3ple9iner:
I don't understand you oo keeping money in bank is different from asking for a loan and I don't see reason why bank collecting charges for providing a service which is keeping your money haram.

Did you read the OP’s post at all?

If you give me 1 naira, i must give you 1 naira back. Anything different is haram.

How is this hard to understand?

3ple9iner:
Yes collecting extra charges for same currency is haram, I never doubted that but collecting charges for performing transactions is halal. These are two different things one is me providing a service to you which I have to be paid for while the other is me trading same currency with you which is haram.

The difference between conventional banks and Islamic banks is that while the conventional banks make money through interest Islamic banks makes money through investment in asset and also the share of profit and loss.

In the context of this text, a conventional bank commits haram by charging anything to give me value on the same currency.

The invention of islamic banking wherein they claim to charge on profits instead of on interest has been subjected to scholarly review by finance experts and found to be the same way of calling six or half a dozen. If you take any charge whatsoever for lending me money, it is interest, irrespective of what the lender chooses to call the arrangement

3ple9iner:
You are confusing the words trade and providing service. If you want me to help you go withdrawal money from your account and I ask for money, would you also call this riba or me taking interest?

When you go to get dollar from banks you say you want to buy dollars right? but do you tell POS people you want to buy naira?

These are two different things and you should stop misusing them.

No i am not.

In this context, the semantical differences don’t matter.

If naira is to be exchanged for naira, it should not be done for profit.

The only profit allowed is when you are changing from naira to another currency.

Any other attempt at reinterpreting this interpretation is just a deception.

Attempts at reimagining meanings to simple texts always amuse me.

izaq:
You get it wrong in my opinion, like you said the POS merchant withdraws for you or whatever thing they do. it is a service, not a trade. They helped you to withdraw with the POS machine. That's a service, my respected friend.

Semantics aside, any exchange is both a service and a trade.

Anything that involves you giving value for another value is a trade and this occurs in a POS transaction.

You give the person a credit into their account and they in return give you physical cash.

Following this laws, they should not charge you anything extra.

Any extra charge is an haram/riba

3ple9iner:
Banks are business organization and people create them to make profit. So these charges are allowed as they are money collected for providing a service. Same with a person who does ajo, he/she would collect a percentage for providing a service to you.
Islam is not against this, what Islam is against is interest rate collected from paying loans.



Using hand to hand there doesn't literally mean that there has to be physical contact but what it means is that the bank manager shouldn't ask me to pay more to get the new note.

Like I said earlier, trading doesn't have to be done in physical contact but that doesn't mean that you are to cheat or add interest to what you are trading.

For example if I want to get BTC, I should get it for the price it is worth in the market with my USDT, if the seller is adding interest, then it is haram. same way I should get yhe price of dollars for what it is worth in the market.

This is the little I know.

A bank must not charge interest or service fees if they follow this principles.

Islamic banking was set up to go provide an alternative to the status quo although its concepts are at best deceptive in that they dont charge interest via percentages but charge fees on profits.

Anybody who charges any extra on same currency is haram based on this concept.

If you give a bank 1m, the bank must give you 1m back. No charges whatsoever. Any charge reduces your 1m and is therefore haram.

BTC or USDT withdrawals involves transaction costs and this is technically haram if we follow this concepts.

We cannot call some items haram and try to excuse others especially when they are both similar in parameters

izaq:
Okay let me help you understand. If you go to a bank or a POS merchant, are you going there to exchange your Naira (pre naira swapping period) or going to seek the use of a service. Services in the case of a POS merchant could be helping you to send funds to your account or that of another person or withdrawing funds from your account. In the case of banks, well you can imagine that yourself. If collects charges for using their services it doesn't equate to trading same currency.

Pls, we all need to be educated and embrace what is called "cultural relativisms". Muslims should respect the religion of others, and others should respect Islam as well.

This is a quote from the OP:
‘ But when the deal is concerning the same type of currency, such as selling one dollar for two dollars, that is not permissible because it is a type of riba.’

Any deal that involves me getting less or more than my monetary investment is riba.

A POS merchant collects funds from my bank account and gives me an amount lesser than the amount he has collected. That is riba according to this definition.

A bank collects cash from me as deposits but gives me access to a lesser amount. That too is riba.

Any deal (including services) should return my exact amount to me else it turns into riba.

That is the clear interpretation from the OP’s post.

Even in islamic banking, it is seen as riba to collect interest (which is a service charge for lending out) so your justification holds no water.

In relation to cultural relativism, i am using islam to explain islam and not using another culture. If islam says something is riba, why are you trying to say itnis not riba?

Watinani:
In Islam we do everything with reason, and let me tell you Islam is the only religion that works with any generation be it now or the future era

Pray thee explain this scenario in light of this then.

lol

I deposit 50k into my Nigerian bank account, they charge me different charges. At the end of the day, i am able to only access 49,800.

This happens in islamic banks too as bank charges in the grouse of sms alerts, stamp duties, maintenance charges, atm withdrawal charges etc are all general.

Also on the concept of 'hand-to-hand', permit to explain if the MD of the banks must be the person to hand over the cash to all customers or the ATM machine (which was not existing when your assumptions were made)?

How do you plan on handing over BTC and USDT 'hand-to-hand'? I am sure your founders never imagined a day would come when money would become virtual.

Cheers

xuzier:
Oga dash me the Laptop my man please....we can work together

If wishes were horses…

Alfaj55:
Can I use core i5 3rd generation for programming or coding? Also wanna know who can put me through on programming

Yes you can.

What is the laptop model.

Maxxim:
Whatsapp tv is a no, the lil boys wey dey do am here don abandon am tey tey, instead stay with your particular job or find a better paying one and start working on your goals

It’s about understanding the psyche of the average Nigerian.

Any business with a low barrier to entry is always flooded.

Which is why the business model that works in Nigeria is to either set up a business with a high barrier to start or sell to the businesses with low barriers.

WhatsApp TV is an avenue to start a blog, a YouTube channel or become a social media influencer.

I think TikTok is a raving thing now. A friend’s wife like play like play earns over 1k usd monthly.

airsaylongcome:
What is a whatsapp TV?

A micro social arena created by the owner to engage his status viewers with entertainment and some bits of advertising.

If you can have hundreds or thousands of views to your status, you can monetize it by charging people who want to advertise

Edipet:
You guys that learned and understand javascript very well, are you guys having double Brain or only for genius.
Please someone should recommend the concept, book or video that really helped him. because I am beginning to question myself if I really I have Brain🧠. How can I stay for 5hrs without getting it.

Let me tell you a very important secret.

Most of us felt that way too.

Just continue practicing.

LikeAking:
That's the reality of life, every thing is now so hard to get.

It wasn't like this in the days of our parents, but this generation is bent on making life so miserable..

Una try..

Op, u will find people with such skills on NL..

Just wait..

The issue is not finding the people. There are people with the stack.

The main issue is three fold:
Do they really need such a plethora of skills for their backend to be in one person?

If the answer is yes, can they pay the industry rate for the person?

Now if they can pay, is it worth it?

tollyboy5:
c#, java, php and python lol.

you actually need a senior senior back end dev. you can get that on linkedin

You forgot Nodejs, Angular and React

soles21:
I'm already doing car wash. You too go and get a job so you won't be spending all your time on nairaland.

Why did you delete?

Scammer trainee oshi.

Lol.

soles21:
see the way you just came to show your foolishness in a post you could have just read and ignore.

You registered on NL in 2015 and you are still looking for ‘scripts’ to buy upandan.

You have been buying ‘scripts’ ever since.

If this work no pay you, why you no ‘learn car wash’?

Just dey play

Na dem.

Buying ‘scripts’ upandan.

See the poorly built site that he wants to buy the clone.

Yahoo trainee.

Alphabyte1:
Imagine you are in a restaurant or store where ChatGPT 4 is the waiter or assistant and a device with speech snythesis with AR to display what you want analyze what you want to buy and sort everything including the order. The use case is astounding.

That would be like employing Hamilton to take the kids to school.

Basic NodeJs would handle this backend you described.

A better use case would be to analyze all known laws of physics and compare it with all data received from explorations and star patterns observed with the Hubble telescope and space explorations to properly review the Big Bang theory without human bias in order to determine the unknown possibilities of the observable universe.

As AI gets more sentient, it would start to understand the limits of human intelligence which is generally shallow on a broad sense with very small spots of high intelligence as seen in the likes of Einstein and Hawking.

We ask mundane questions especially when presented an unexpected chance to have direct interactions with a higher realm.

A simple task, ask anyone what they would discuss with Bill Gates if they are kept in the same room for 5 minutes and measure the person’s intelligence.

Generally, we are a credulous lot of people who are ready to believe what is not true or logical as long as the belief gives a minuscule bliss. Like the puff of a good hemp.

As more sensible humans replace the bumbling lot of us, we might begin to see better use of resources.

The first humans used gold to adorn their necks and hands as trinkets. Our parents used it for efficient circuitry. Who knows what the next gen would do?

As for now, let’s continue to use AI to describe the differences between bula and balu.

airsaylongcome:
Bought 6 last December for about the same price.

I'm looking to invest in a Victron inverter. But the pricing nobi here

Whew 6.

Thats some set up.

airsaylongcome:
How much did your tubular batts cost you?

Around 140k each. Hausstrom.

Inverter is Hausstrom too.

GBTYO:
Yeshua Christi came to the realm of the Devil to save the children of Adam.

We will fight the beast from inside and like Christ will ascend above it.

And FYI, I already made the list and don't care.

They messed my credit score , banned me from travelling as I both made the No-flight list and also can't get a visa to any western country despite travelling to 5 western nations including the US but they use my visit to Cuba as an excuse to deny me a visa despite me going to Cuba before visiting the US (5 times).

Seriously, I don't care about physical comfort this jewed world has to bait the goyim.

I am here to warn you as that's all I have In me till Christ returns and mobilises us to kill every Jew rat.

No wonder.

This explains everything

funshint:
Let me ask you first; what was the Genesis of the whole war?

When you respond to my initial question, i would answer you.

Stop answering questions with another question.

funshint:
So why did you invite them into your house in the first place?

Who invited Russia into Ukraine?

Comment on matters within your reach

Cheers

funshint:
Yet you keep pumping Ukrainian with weapons...mad people!

Why are you dumb like this?

Someone is attacking your house with the aim to kill you and your family and another person is giving you everything you need to defend yourself.

You are now calling the person supporting you mad.

Are you not mad?

Early/Mid 2000s
Bought a used monitor, case and motherboard.
Pentium with 128mb RAM.
Windows ME.

Saved up for months before I could get the set up.

There was no google so i had to pay a ‘computer engineer’ to do the assembly. I watched him and learnt how it was done. He charged around 50k for everything (motherboard, PSU, keyboard and case were brand new though) which was a complete rip off.

I was able to now charge others to set up their computers. I started my first ‘company’ and installed 5 computers for a new business center in ibadan. Made enough money to buy a Sagem MyX5 and upgrade my system.

Then, computer village was a computer village with techies as traders. Now, it is a tout haven for used phones.

I still have that computer in my parent’s house.

My home in lagos.

A simple inverter with tubular batteries and rechargeable fans.

AC and fridge on PHCN, rest on inverter.

My home elsewhere:
There is constant electricity and constant internet.

Tecno marketers.

How market?

Same price for an iphone 13 pro.

Just dey play.

ezechi242:
that got me ...actually i think the phone stuff might be true ill try and get a new one ...can you in nay way give me a list of phones and router with good network coverage.

by the way i use glo cuz its the best amongst the other networks in my area....so please i will need your help on this ...thanks

If you cant buy a good phone for now due to finance, you can get a good mifi.

I had a brand new airtel mifi which was sold around 7500 some time ago. I think they still sell around that price.

Make enquires for the one from glo.

Just know that once you get a network branded mifi, you cannot change sims to another provider except you unlock it.

fnep2smooth:
You are right, we need to look into that aspects, it encourages security and privacy

That is old school.

The world is moving towards serverless and distributed systems.

Why would i want to have a hotspot in my project in 2023 except it is explicitly a requirement.

Self-managed hostings are extremely expensive (not only cash wise) but with time and labor