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Wednesday 23 May RNW - NEWS, ANALYSIS AND BACKGROUND INFORMATION IN 10 LANGUAGES, WORLDWIDE 24/7 ON RADIO, TV AND ONLINE
Banking Nigeria
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Kaduna, Nigeria
Kaduna, Nigeria

Religious leaders divided over Islamic banking in Nigeria

Published on : 4 November 2011 - 2:54pm | By RNW Africa Desk (Photo: AFP)
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Nigerian lawmaker shot dead, police suspect sect

Suspected members of an Islamist sect shot dead a Nigerian lawmaker, police said on Monday, the latest in a string of assassinations in the country's remote northeast.

Gunmen on Sunday shot Modu Bintube at his home in Maiduguri, the capital of Borno State, in the northeast corner of Nigeria near the borders with Cameroon, Niger and Chad.

"The member was shot dead in front of his house on Sunday evening. We are combing the whole area in search of his killers," a spokesman for a joint task force said.

Boko Haram, whose name means "Western education is forbidden", has been blamed by police for near daily shootings and attacks with home made explosives around Maiduguri in recent months, often targeting officials.

The sect wants Islamic law more widely applied across Nigeria and has spread throughout the north and heightened the sophistication of its attacks in recent months.

Foreign and Nigerian officials believe the sect has been strengthening ties with al-Qaeda's North African wing.

It claimed responsibility for Nigeria's first known suicide bombing in August, when a car full of explosives was rammed into UN headquarters in the capital Abuja, tearing off the side of the building and killing 23 people.

A bomb explosion on Sunday morning killed at least three people at a police base in Gombe state, which neighbours Borno. The police have said they suspect Boko Haram.

Source: Reuters

Christian leaders in Nigeria recently described the planned introduction of Islamic banking as a ploy to ‘Islamize the secular country’ while their Muslims colleagues affirm that the banking system is here to stay. One Muslim group also threatened an all-out war if the bank is not allowed to operate. This is the lingering controversy that has gripped Africa’s most populous country and led to the deaths of hundreds of people caught up in the country's long history of religious conflict.

By Ayo Okulaja, Lagos

The nation’s apex bank, the Central Bank of Nigeria (CBN) had in June, rolled out a revised policy on the establishment of Islamic banking and non-interest banking in the nation’s financial system. According to the CBN governor, Sanusi Lamido Sanusi –an Islamic scholar, the move “will deepen the financial market and enhance the potential of Nigeria to become Africa’s Islamic banking hub.” He argues that “Islamic banking is a model of non-interest banking and profit and loss sharing banking recognised by our laws in Nigeria.”

Subsequently, the Christian Association of Nigeria (CAN), led by Ayo Oritsejafor, fervently condemned the policy which he claims is an attempt by the CBN governor to ‘Islamize the country.’ Also the head of the 50 million Catholics in the country; Cardinal Anthony Okogie, claims the CBN governor was “gradually trying to force us into embracing the sharia system.” He noted that the conditionalities attached to the loans obtainable from the bank are in favor of sharia system. So it is a ploy to Islamize the country.”

This condemnation resulted in a very strong rhetoric from the Supreme Council for Sharia in Nigeria, when its president; Ibrahim Datti declared that “untold casualties will result if Christians in Nigeria do not drop their anti-Islamic banking position.”

Nonsense
Mr Datti said at a press conference in Kaduna state that the organisation will mobilise Muslims in the country to go to war with Christians over the ongoing Islamic banking controversy. “We have dealt with a lot of nonsense; we have come to the end and from now its tit for tat... Whether it’s an archbishop or whoever he is who talks nonsense, we’ll get people to answer him in the same language. If he talks as a rascal, we’ll reply to him as a rascal,” he said.

The cleric argued that since the Islamic banking system has been implemented successfully in Britain and other countries of Christian domination, Nigerian Muslims should resist any attempt to frustrate the implementation of the system in their own country.

After a prolonged silence, the spiritual leader of Nigerian Muslims and Sultan of Sokoto; Sa’ad Abubakar III, decried the controversy saying it was unnecessary. The Sultan in a very subtle but affirmative manner noted that Islamic banking “has come to stay” and warned Nigerians to stop antagonising the Muslim community over the issues.

The Sultan who doubles as President of the Nigerian Supreme Council for Islamic Affairs and the Jama’atul Nasril Islam, however, ruled out the use of violence by Muslims in their agitations.

'Benefits for everbody'
Tunde Bakare, the pastor of the Latter Rain Assembly, who was also the Vice-Presidential candidate of the Congress for Progressive Change (CPC) in the last presidential elections, supports the banking system, saying it “has benefits for everybody economically.”

He described opposition to the system as baseless saying “Islamic banking cannot Islamize Nigeria just as Christian banking system cannot Christianize the country since the system will operate within the law of the land” Bakare explained.

According to him, if the Bible says “do away with usury, any cleric who says otherwise would be an anti-progressive element in the church,” adding that, “those preachers against Islamic banking are only propagating their personal agenda.”

Nigeria, with a population of over 150 million people is evenly divided into Christians dominated South and Muslims in the North.

 

Discussion

Najmudeen Raji 18 December 2011 - 2:31pm / NIGERIA

Islamic banking system is just like hospitals or schools.Their establishments are NOT to xtianize 0r islamize anybody.xtians do go to muslem schools or hospitals,&muslims do go to xtian schools\hospitas,if they are satisfied with their services.

Najmudeen Raji 18 December 2011 - 2:31pm / NIGERIA

Islamic banking system is just like hospitals or schools.Their establishments are NOT to xtianize 0r islamize anybody.xtians do go to muslem schools or hospitals,&muslims do go to xtian schools\hospitas,if they are satisfied with their services.

M B UMAR 15 November 2011 - 2:36pm / Nigeria

Nigeria is a secular nation and every individual has the right to belong and practice any religion, islamic banking is just a non-interest banking which islam encourages. islamic banking is not a mosque that only believers will attend. It is just an alternative system Nigerians have, to eighter, accept or not. islamic banking is not imposed on muslims and non-muslims. it is just a market for anyone to go or not to go, even the muslims may choose not to go. so for anybody to think it is an attempt to islamised Nigeria is a wrong nortion.

adebisi 13 November 2011 - 10:23am / nigeria

How many christian can meet up the requiremet for loan of this commercial bank in nigeria ? How many jobs have they created in the past and what type of job was it ?let always work for unity and nt otherwise,let have christianity ,tradictional banking if they will give us better result, According 2 the 2001 censor ,muslim are more than 50% of nigeria population,this set of ppl beleive that USURY is against thier religion,MOST dont use d bank bcos of USURY . It will b against the human right of these ppl should islamic banking not allow in nigeria . Islamic banking will to the benefit of all let together embrace it . Enough of politics in our religion in nigeria,let always remember what joins ur and not separate us

adebisi 13 November 2011 - 9:53am / nigeria

Our christian leader,must allow d bank to operate since d c b n has assure d bank will b for everybody,no one can christianize or islamise nigeria by operating one type of banking system,afterall, d banking sector has only benefited very few persons in nigeria. By Againsting d system on basis of sentimet will b against ppl will 4 solution 2 large gap between d rich and d poor

adebisi 13 November 2011 - 9:51am / nigeria

Our christian leader,must allow d bank to operate since d c b n has assure d bank will b for everybody,no one can christianize or islamise nigeria by operating one type of banking system,afterall, d banking sector has only benefited very few persons in nigeria. By Againsting d system on basis of sentimet will b against ppl will 4 solution 2 large gap between d rich and d poor

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