How does islamic banking work?

[Yahya]

Say if i was a millionaire. Would i be better keeping my money in the western riba banks or in an islamic bank.

How would you keep your money safe? I just don't trust all my money in the west. Then again muslim countries are very corrupt. I guess i would spread out my wealth and invest in different things.

 

[Cagmadhige]

Wouldn't you have to pay zakkat on you wealth?

If you keep it in these western banks don't you pay tax on it?

How about keeping it in a offshore account like some the of billionaires do

 

[Yahya]

Wouldn't you have to pay zakkat on you wealth?

If you keep it in these western banks don't you pay tax on it?

How about keeping it in a offshore account like some the of billionaires do

You have to pay zakat as a muslim.

 

[Cagmadhige]

You have to pay zakat as a muslim.

I know but zakkat is only waajib upon the person who is able to and not the one who isn't able to.

 

[DR OSMAN]

@Yahya you know the guy your asking is already doing it in the west, dubai under middle man names, arabs do it, it's impossible their wealth grew at such large rate during all the peaks/lows and not keeping it somewhere to ensure it out-strips inflation(riba is the only answer) offshoring that capital into 6-10% growth rate accounts especially designed for capitalists who are hiding out cause market going thru it's cycle while you wait for the ripe market re-adjustments again and 20-30% growth rates over 5 year period you rinse and recycle the same strategy like western boy over a life-time like most capitalist.

While this guy and his 100 pan africanist generation will tell you 'young soljah brudda son' I stood up to the colonial, wax kale aduunka uma arko, he believes he died a winner for pan africanism

As you check your assets in his town and see market has inflated beyond the reasonable 1-3% growth, this nigga is in the range of 175% losses on each dollar you have in his land, if millions u can measure it. But it's pan africanism brudda, white man defeated ayuu kugu si wada

 

[DR OSMAN]

@Yahya you understand what I mean right? that guy politics brought about investors capital in the nation to be out-stripped by inflation rate of 175% per the dollar. If you had 1 million in his land in hotels, houses, rent, etc. U just lost 175% per each 1 dollar in that 1 million.

the official inflation rate was 97.9% per the dollar. So only 3 dollars is actual capital, the rest waa 'fowdadisa' kkkkk so imagine your house, hotel, rent basic portfolio. If the house u bought it for 200k/98%. U will sell it for $4000. U lost 98% of your capital worth in each portfolio, the more the worse. Welcome to Africa but it's ok brudda it was for pan africa and colonial white man war

White Man be like they never win and the brutality gets worse, picket fence increases, rights please
is how far I've driven him, conquest is near

 

[Yahya]

@Yahya you understand what I mean right? that guy politics brought about investors capital in the nation to be out-stripped by inflation rate of 175% per the dollar. If you had 1 million in his land in hotels, houses, rent, etc. U just lost 175% per each 1 dollar in that 1 million.

the official inflation rate was 97.9% per the dollar. So only 3 dollars is actual capital, the rest waa 'fowdadisa' kkkkk so imagine your house, hotel, rent basic portfolio. If the house u bought it for 200k/98%. U will sell it for $4000. U lost 98% of your capital worth in each portfolio, the more the worse. Welcome to Africa but it's ok brudda it was for pan africa and colonial white man war

White Man be like they never win and the brutality gets worse, picket fence increases, rights please
is how far I've driven him, conquest is near

Mugabe lost the minute they put sanctions on him. It was game over from the get go.

 

[DR OSMAN]

@Yahya Mugabe isn't prepared for a world that has 400 year head-start when he just came out of plantation. He is trying, he is strong, but it's not easy brudda its not easy

He was expecting the horner who have more exposure to the world will provide some sort of healthy blanket and their collapsing at the brutal blows economically

 

[DR OSMAN]

Just look at that PIC. He is prolly saying to myself they had me on plantation, handed me state, I created pan african nationalism, it didn't spread, I have to cover it, he begins expelling farm owners and land owners who are white and capitalist, the market drops as result. He walks in to resolve the matter in the picture with white men

Mugabe your not going to catch up to our security edge, weaponry, tech edge, cyber and phone edge, our 400 years of converted knowledge edge into english, our experience and battle arena edge, u sure as hell not walking away deflating the economy on purpose to kill our capital, as you know the plantation rule STRICT PUNISHMENT LOL and he walks out of the meeting says 'waxani have me on trial waana facayga oo labo dawlad siman baan ahay lakin waxay tan mujinaysa wax meesha siman ma jire kkkkk'

 

[DR OSMAN]

@Yahya African leaders are out of touch with the world, these guys are not even in the information age of data collection, review, analysis and basing visions converting into policy and demonstrating against their data. The age of data weli kuma jiran, wat era of the world are they in. Their out of their depth and you shouldn't be watching the pain karbash casri(modern punishment)iyo siyasad nidaamsan(policy they know the outcome) is white man rule. These african colonial leader types are out of their depth