This is all the more so for the technical nature of the subject matter, and the need for wider public education about it. In a novel capital market move last week, September 29, 2020, Jaiz bank’s floating of N13bn “private placement” barely made the headlines except for a cursory mention in a couple of dailies. This is probably because it has become run-of-the-mill, or that the public just does not give a hoot.
The first thing that should strike the reader at this juncture is, how come people are not rushing down to Jaiz bank in a stampede for their allocation of interest-free loans? After all, mainstream commercial banks in this country are notorious for the exorbitant interests they charge on loans .
Thanks for the insightful overview of this article. I encourage the liberal mind to read, digest, understand & comment with an unbiased mindset of religious inclination, without hatred or ethnic colouration.
Gradually they are imposing Islamic state on us. When you have a fanatic MBuhari and an illiterate lawless impostor as President, expect worse for the geographical expression called Nigeria
All taxes paid by beer, gins, liquor producers are supposed to be filtered by FG, and make sure states like Sokoto and zamfara did not benefit from such. Knowing fully well that sources of these funds is Haram, And not islamic.
Muslims bare supposed to write their banks to exclude them from savings interest beneficiary, because it's not islamic to receive.
Islamic Banking is nothing but a medium of imposed hardship by an Islamist extremist leader or regime. In order to get people frustrated and rush towards the scheme. It cannot thrive in flourishing nations like UK and US. Citizens there aren't frustrated KSA ft MBuhari