Puntland Economic Policy. Realistic One

[Farjano-Walad]

@Teeri-Alpha I know currency in itself the purpose behind it is to support 'transaction' between market place, I know currency itself has no usefulness beyond that. I only need it to buy things in the market place, it's the market place that has the importance and the goods, products, services available. People attach to 'money' as they think this is the 'value' when it's not, it's the actual product, goood, service your seeking.

I realized this when I saw my money sitting in my saving account, it doesn't grow by itself, it has no inherent purpose on it's own unless of course u put in a high interest account which requires a 'certain cash quota'. But what u need to answer me is the deep economical hatred you have for 'fiat' and if it's justified or imagined.

Why does it matter to you what the govt decides is the 'currency' in market place, no-one wants to trade in gold anymore, it's cheaper printing currency, then continously going to a gold mine in another nation(political contention) and digging up more gold to balance your market place. After all we have come to firm agreement currency has no value beyond it's purpose of buying and selling. We could use even 'rocks' does it matter? as long as it's agreed to by society and printed by a 'trusted' source among us.

The reason black market counterfeit currency is rejected and hated in market place is the sole reason it isn't printed by 'trusted' source like a government, people then fear if they accept this currency they lose their product or goods or services and then not be able to use that money given to them as the market place didn't 'agree' to some guy in his house printing money. I think with a global econom that is pushing possibly 50 trillion 'per year', we simply cannot dig, extract enough gold to keep up with gold standard anymore and with economies being projected to continously grow it could lead to situation gold mines are depleted and cause a global crisis of epic porportions.

global GDP is around 85 trillion, anyways, if the state printed a set of fiat currency and locked the keys and never ever increased it, it will be worth even more than gold, but its so tempting, no state has ever succeed in controlling her self, the US dollar being the best has lost 96% plus since 1914, imagine the others,

a 2% inflation wipes out the currency in 34 years through compounding, imagine places like Ethiopia, India etc with 12% inflation, and that is a lie, real inflation could be much higher but the states cook the books,

this why Ethiopia doesn't worry me as an OG, it will collapse insha Allah, imagine a GDP growth of 8% but inflation is 18%, that is like your salary going up 8% but your debt goes up 18%, you not better off end of the year, specially when that loan is eaten, not invested, atleast if you invested in the loan to make income you can have an asset to pay off the debt, then corruption hurts them, this is why they cannot finish the dam, no money, it gets stolen,

its my best enemy, an enemy that begs the IMF for 74 million $, they begged IMF 6 times, this year they got 3 billion which will be paid in 3 years,

i like this enemy, an enemy that cannot import more than 1 months oil supply, an enemy with big red tape state where the agencies eat the state from with in, a state with 70% under 30 years of age, perfect protesters, because the state needs to create 3 millions each year, they can barely create 30K jobs, perfect enemy,. weak institutions, big military parasite, Hungary 110 million people with social media opening their eyes,


a state that cannot attract FDI, aid from INF doesn't make economic growth, you need investors but thanks to their bad actions they chase away private investors,

as an OG, i have analysed and understood my enemy,

 

[DR OSMAN]

@Teeri-Alpha you are mature person and not like @Al Kafi who says stuff like 'Allah banned this and that', we are not in mosque, we are discussing the real world, so there is no place for morality or what Allah said, because he may have said something, but that doesn't mean it's relevant in the world due to 'free will'. Please show some 'Stocism' and drop the emotions and high moral ground. Allah said don't murder, does this mean murders doesn't happen? does this mean I cannot commit killing in the event my life is in danger?

If Allah said ribbah is wrong and it's happening and my people cannot survive in the world without doing it, I make an exception to Allah judgment as their survival is paramount now not what Allah said. The liklihood the world is going to change systems to ribbah friendly economy is unlikely, the chances our economy succeeding if we don't adopt this economic model hasn't been proven anywhere in the world. So on the grounds of our people survival I don't consider anything halal or haram, I believe in stoic approach, an approach of we need to live first before we discuss what is right or wrong.

 

[Farjano-Walad]

@Teeri-Alpha you are mature person and not like @Al Kafi who says stuff like 'Allah banned this and that', we are not in mosque, we are discussing the real world, so there is no place for morality or what Allah said, because he may have said something, but that doesn't mean it's relevant in the world due to 'free will'. Please show some 'Stocism' and drop the emotions and high moral ground. Allah said don't murder, does this mean murders doesn't happen? does this mean I cannot commit killing in the event my life is in danger?

If Allah said ribbah is wrong and it's happening and my people cannot survive in the world without doing it, I make an exception to Allah judgment as their survival is paramount now not what Allah said. The liklihood the world is going to change systems to ribbah friendly economy is unlikely, the chances our economy succeeding if we don't adopt this economic model hasn't been proven anywhere in the world. So on the grounds of our people survival I don't consider anything halal or haram, I believe in stoic approach, an approach of we need to live first before we discuss what is right or wrong.

i like stoicism, i have 1 book on the topic, and have read emperor Marcus Aurelius book meditations, he was the asli king philosophiser,

but i must disagree, Islam is timeless and Allah has created solutions to ran an economy with OUT riba or interest,


Dr dont be fooled by the herd, if you wish to follow desires so be it, but dont use islam as an excuse doctor, islam is timeless, dont paint this picture that islam doesn't have solutions so you feel better at night, i will not judge, what you do is between Allah and you on judgement day but dont tells others there is no solution,

Islam spoke about fractional reserve banking 1400 years ago, riba, futures contract, derivatives, the type of money we are meant to have, heck even the word Check as banking check is a Muslim word, imported to the west, we passed so much cilmi to the west,

the last ayat in the quran said today i have perfected your religion for you, Islamic economics and contracts is the least studied, understood, so just because you dont know it doesn't mean it doesn't exist,

my friend seek knowledge first

 

[DR OSMAN]

i like stoicism, i have 1 book on the topic, and have read emperor Marcus Aurelius book meditations, he was the asli king philosophiser,

but i must disagree, Islam is timeless and Allah has created solutions to ran an economy with OUT riba or interest,


Dr dont be fooled by the herd, if you wish to follow desires so be it, but dont use islam as an excuse doctor, islam is timeless, dont paint this picture that islam doesn't have solutions so you feel better at night, i will not judge, what you do is between Allah and you on judgement day but dont tells others there is no solution,

Islam spoke about fractional reserve banking 1400 years ago, riba, futures contract, derivatives, the type of money we are meant to have, heck even the word Check as banking check is a Muslim word, imported to the west, we passed so much cilmi to the west,

the last ayat in the quran said today i have perfected your religion for you, Islamic economics and contracts is the least studied, understood, so just because you dont know it doesn't mean it doesn't exist,

my friend seek knowledge first

So u want to create a ribbah free economy while existing in ribbah global economy, how does this make sense, your trying to define a world market based on your 'beliefs' lol. I can define a world based on my beliefs also doesn't mean it's the reality of the situation belief iyo reality inaad kala sartid weeye your belief can be murder is wrong reality is murder happens hence now we need to talk about how do we survive murders, your answer will be Islam says not to commit murder, so u want me to sit there in jungle and get killed, that's against pure darwinism which I reject because that is provable theory survival is paramount in life?

Sbb don't twist this shit on me now about I hate Islam and want to make people Gaalo, I don't really care for the Islam circulating in our society today it's from 'backward' society this Islam and the liklihood it's right is minimal as their 'condition' wouldn't be as such if they had any sort of correct Islam. The way I see it is if I die and I was wrong, I wasn't being 'willingly wrong' I may have been ignorant but anyone who literally does something 'wrong' while knowing it is very rare in society I honestly do not fear God sxb, as some do in our society, why would I?

Society put this 'fear' of god into your heart so the mosque can control you and manipulate your minds waryaa so they can keep their position of influence over society they fear the day you do not consult them as they lose relevancy in society, do not let some guy oo FACAGA ah ku sheego illahi wuxu ku talo galay, it doesnt matter what verse he quotes or what hadith he states, he doesnt make a damn decision for god 'waxasi waa gumaysi toos ah' ayaa ku jirta sxb, it has nothing to do with religion they use the name of mohamed and allah only to give their 'sickening colonization' credibility nothing else. Religion has lost a-lot of respect in the world niyahow, your behind in the time.

I am however stoic it's up to u what your beliefs or disbelief is. I am talking about the world we exist in because this effects everyone regardless where-as belief or disbelief has no effect on me or you.

 

[Farjano-Walad]

So u want to create a ribbah free economy while existing in ribbah global economy, how does this make sense, your trying to define a world market based on your 'beliefs' lol. I can define a world based on my beliefs also doesn't mean it's the reality of the situation belief iyo reality inaad kala sartid weeye your belief can be murder is wrong reality is murder happens hence now we need to talk about how do we survive murders, your answer will be Islam says not to commit murder, so u want me to sit there in jungle and get killed, that's against pure darwinism which I reject because that is provable theory survival is paramount in life?

Sbb don't twist this shit on me now about I hate Islam and want to make people Gaalo, I don't really care for the Islam circulating in our society today it's from 'backward' society this Islam and the liklihood it's right is minimal as their 'condition' wouldn't be as such if they had any sort of correct Islam. The way I see it is if I die and I was wrong, I wasn't being 'willingly wrong' I may have been ignorant but anyone who literally does something 'wrong' while knowing it is very rare in society I honestly do not fear God sxb, as some do in our society, why would I?

Society put this 'fear' of god into your heart so the mosque can control you and manipulate your minds waryaa so they can keep their position of influence over society they fear the day you do not consult them as they lose relevancy in society, do not let some guy oo FACAGA ah ku sheego illahi wuxu ku talo galay, it doesnt matter what verse he quotes or what hadith he states, he doesnt make a damn decision for god 'waxasi waa gumaysi toos ah' ayaa ku jirta sxb, it has nothing to do with religion they use the name of mohamed and allah only to give their 'sickening colonization' credibility nothing else. Religion has lost a-lot of respect in the world niyahow, your behind in the time.

I am however stoic it's up to u what your beliefs or disbelief is. I am talking about the world we exist in because this effects everyone regardless where-as belief or disbelief has no effect on me or you.

you miss understand, its like me saying lets ban qamro in our lands since its xaraam and let others drink qamro in their own country, but you said lets allow qamro in our country anyways because most of the world drinks it,

just because they practice riba doesn't mean we have to allow it, we dont need riba, when we make goods and trade with japan, china, USA, Australia, it has nothing to do with riba, its us making goods and trading it, what has that got to do with riba?

an economy doesn't need riba to run, what creates economic growth is not riba but savings and capital, demand doesn't create economic growth either, its always savings, think about it, you need to produce for someone to buy, i can demand all i want, if no one is making it i will not buy it, so savings is the foundation of all economic growth, not riba, not demand, savings,

i never understood your obsession with riba, riba doesn't make an economic growth or strength, in fact it makes it weak in the long run, causes mis - allocations of resources and creates booms and busts,

as long as a nation has savings, capital accumulation and division of labour with free market prices, it will grow, humans will help themselves, entrepreneurs will create the supply for the market demand and all they need is peace and security and no leaders robbing them and the enforcing of contracts


you economise and theorise all day about economics yet you dont have an economics degree Dr, its me talking about brain surgery all day with no degree in medicine,

theorise but also be willing to learn, you make a lot of mistakes but dont want to listen,

 

[DR OSMAN]

you miss understand, its like me saying lets ban qamro in our lands since its xaraam and let others drink qamro in their own country, but you said lets allow qamro in our country anyways because most of the world drinks it,

just because they practice riba doesn't mean we have to allow it, we dont need riba, when we make goods and trade with japan, china, USA, Australia, it has nothing to do with riba, its us making goods and trading it, what has that got to do with riba?

an economy doesn't need riba to run, what creates economic growth is not riba but savings and capital, demand doesn't create economic growth either, its always savings, think about it, you need to produce for someone to buy, i can demand all i want, if no one is making it i will not buy it, so savings is the foundation of all economic growth, not riba, not demand, savings,

i never understood your obsession with riba, riba doesn't make an economic growth or strength, in fact it makes it weak in the long run, causes mis - allocations of resources and creates booms and busts,

as long as a nation has savings, capital accumulation and division of labour with free market prices, it will grow, humans will help themselves, entrepreneurs will create the supply for the market demand and all they need is peace and security and no leaders robbing them and the enforcing of contracts


you economise and theorise all day about economics yet you dont have an economics degree Dr, its me talking about brain surgery all day with no degree in medicine,

theorise but also be willing to learn, you make a lot of mistakes but dont want to listen,

I am addicted to RIBA so our economy keeps afloat with the world economy, if other countries are doing it and your not, your purchasing power of your citizens should technically drop, everything u purchase from overseas will be expensive for you. By doing Riba you bring in investors to start up banks, it's the best investment, it provides the engine of the economy so locals can not only transact and do business but the 'lending' game is critical.

Most of our locals have ideas but no access to capital to execute those ideas which means potentially thousands of lost taxpayers in the future. At least u don't dispute the need for a banking sector. I haven't seen Islamic banking successful in the world in comparison to Ribah banks, who out perform them, in-fact ribah is everywhere you just don't assume you do it.

When you get a salary at work, it came from ribah source(businesses start with ribah loans) it's also same with government the money they have and foreign aid they do it is from taxpayers who are circulating in ribah economy. So u think when u sell a product from Somalia and exchange with the world, their giving you money that isn't produced from ribah itself. Where do those donor funds come from or where does somalia govt loans come from? gee sxb i just hate the hypocrisy of somalis they hate the west but they live in the west they hate ribah but they sure eat it thru all means.

 

[Farjano-Walad]

I am addicted to RIBA so our economy keeps afloat with the world economy, if other countries are doing it and your not, your purchasing power of your citizens should technically drop, everything u purchase from overseas will be expensive for you. By doing Riba you bring in investors to start up banks, it's the best investment, it provides the engine of the economy so locals can not only transact and do business but the 'lending' game is critical.

so many mistakes reading this, i can dissect all your words, its all over the place, i dont know where to begin bro, tell me what riba has to do with purchasing power?

do you even know what gives currencies purchasing power? Russia, Turkey have all got much much higher interest rates than many western nations yet have rubbish currencies, i can easily shoot your hypothesis one by one, shoot them all down,

Most of our locals have ideas but no access to capital to execute those ideas which means potentially thousands of lost taxpayers in the future. At least u don't dispute the need for a banking sector. I haven't seen Islamic banking successful in the world in comparison to Ribah banks, who out perform them, in-fact ribah is everywhere you just don't assume you do it.




When you get a salary at work, it came from ribah source(businesses start with ribah loans) it's also same with government the money they have and foreign aid they do it is from taxpayers who are circulating in ribah economy. So u think when u sell a product from Somalia and exchange with the world, their giving you money that isn't produced from ribah itself. Where do those donor funds come from or where does somalia govt loans come from? gee sxb i just hate the hypocrisy of somalis they hate the west but they live in the west they hate ribah but they sure eat it thru all means.

when one buys from you, its not your concern to know where it comes from, the Nabi SAW used to trade with Jews, Christians, he never asked where they got the money from, its your money or the halal-ness of your earnings that Allah will question you on, where others get their money from is not yuor concern neither can you change it neither does Allah hold you accountable unless you are their leader and you are allowing them haraam means for them to earn their money, you are not the leader, they are gaalo from outside of muslim lands, their income is not your business,

in islam we are encouraged to trade with all even non muslims no matter, sure if you work for a bank in the west its strongly advised you leave it if you can and seek halal means, but we are talking about a muslim nation trading with non muslim nations, riba has nothing to do with it,

 

[DR OSMAN]

when one buys from you, its not your concern to know where it comes from, the Nabi SAW used to trade with Jews, Christians, he never asked where they got the money from, its your money or the halal-ness of your earnings that Allah will question you on, where others get their money from is not yuor concern neither can you change it neither does Allah hold you accountable unless you are their leader and you are allowing them haraam means for them to earn their money, you are not the leader, they are gaalo from outside of muslim lands, their income is not your business,

in islam we are encouraged to trade with all even non muslims no matter, sure if you work for a bank in the west its strongly advised you leave it if you can and seek halal means, but we are talking about a muslim nation trading with non muslim nations, riba has nothing to do with it,

If u can provide an islamic loaning system that works and we pilot project 100 locals with islamic system of loaning and it works, I don't mind, as long as they have access to cash an the investors in bank get their 'returns' nothing is for free in this world, u cant expect 'charity' in economics. If it doesn't work however u must 'cede' to ribah or the alternative is no economy and poverty. Now your saying it doesn't matter where someone gives u money when u know that money is haram? your playing games now niyahow. There is no escaping ribah, the quran says the one who eats or does is equally guilty. Sxb your trying to fit your beliefs into the world not accepting the reality of the world. Your trying to say murder is haram but then saying 'it's ok to do nothing about it if it happens' as your not involved looooooooooooool.

This is the sort of length religion can comprise your 'brain' it's quite sad because the religion their 'floating' around in Somalia isn't Islam but political islam. It came in the 60s from saudi who feared oil competitor in this nation, they did it to all islamic nations so they can keep their market, they flood your schools with useless salafiya books while their students go to proper universities. You need to detach from islam and muslims, kala dan waa noqon karna, ma aha inaad isku haysid dadyow kala mowqif iyo qorsho. Do u care wat a muslim u see in the street does? he has his life, u have yours, our nation must have their own policies and let them have their own ceeb ma aha taan

However there are clauses to escaping any law of allah if it means your 'survival' like hunger which essentially is what I believe will happen to somalis if they don't do it, they will starve out and if u believe in a god that wants u to die in order to hold onto his law, sxb illahi ma aha waxasi aad aminsan tihid waa mid ka hor imanayso xitaa caqliga salimka

 

[Farjano-Walad]

If u can provide an islamic loaning system that works and we pilot project 100 locals with islamic system of loaning and it works, I don't mind, as long as they have access to cash an the investors in bank get their 'returns' nothing is for free in this world, u cant expect 'charity' in economics. If it doesn't work however u must 'cede' to ribah or the alternative is no economy and poverty. Now your saying it doesn't matter where someone gives u money when u know that money is haram? your playing games now niyahow. There is no escaping ribah, the quran says the one who eats or does is equally guilty. Sxb your trying to fit your beliefs into the world not accepting the reality of the world.

However there are clauses to escaping any law of allah if it means your 'survival' like hunger which essentially is what I believe will happen to somalis if they don't do it, they will starve out and if u believe in a god that wants u to die in order to hold onto his law, sxb illahi ma aha waxasi aad aminsan tihid waa mid ka hor imanayso xitaa caqliga salimka

stop twisting words, if you own a business and a person buys from you, its not your job to question where or how they got the money, if its even selling haraam that is his business, your not meant to check where people get their money from,

if you wish to refuse to sell to them , its your choice,

just focus on you and make sure its halal income for you,

and yes, we can make islamic banking mudaraba and murabaha where the investor gets a return, we dont need charity, investor can get a share of the profits, if they invest, no need for riba,

 

[DR OSMAN]

@Teeri-Alpha I personally do not believe Islamic banking works based on the fact of low usage among Islamic world who are anti banking due to backward flavors of Islam being preached in the world to disempower muslims for political and economical reasons by Saudi arabians.

They want to ensure they keep the largest share of the oil market and this requires any potential oil producing state is eliminated and they do it thru 'wahabism' to begin the seeds of terrorist based society who the world will not 'invest' into due to fears of creating bin ladens.

There is no love in this world for u over religion, it's like saying I love u Teeri but I don't deep down, dantayda ayaa i daran which is my job, survival, and aspirations, every nation state is the same and to expect any less would only be disservice to their citizenry. I don't have any confidence in Islamic banking, especially when I know the more educated Islamic nation 'Turkey' opted out of it and they know Islam well and have institutions of it for centuries, most arab countries disregard it, there is no loaning culture in Islamic world, they never become 'asset owners', they never become start ups to employ people, they are just basic society on farming, digging the ground for oil and minerals, and basic 'service sector' which is created automatically. I don't want Somalia to head down this path and it wil be emulating it.

The reason I think Islamic banking doesn't work it was intended for ancient market that were simple and local and very little 'transregional' it wasn't a global market like today which has vastly different economic systems, they have stock exchange with set prices, they the USD as world currency which means your currency is valued against what it's worth against the USD.

If u don't ensure your currency has a good 'vault' in foreign reserves with gold backing it they measure it against other currencies and rank your 'reserve' to other countries reserves. They set key rules and you think you can 'escape' it some-how with your magical 'islamic' banking lol. I think if the prophet was alive he would've adapted to the world he lives in not suggest we live n die by what he said 1400 years ago because the world moves on, only one being left behind is us or those who fail to catch up, aduunka ma istago teeri, adaa 'haraysid' waa sharci la yaqan.

But like I said I am open minded, if it works and u can prove it works and it grows our banking in the nation with investors coming and seeing good market to service with proper mechanism in place and our locals are coming to the bank for loans and proposing their business idea, this is all i want, it's those locals who will create jobs for the poor, while u can work on delivering the environment of security, rule of law, good governance and policies based on strict data, ensuring the locals have good health and basic services is all a govt needs to do.

 

[SilentE1001]

You're rants change all the time

First you're like send everyone to university make them all smart but brushed up when I said wheres will all these graduates work who will hire them in the country.

You gotta files the path of industry first becoming self sufficient then exporting excess keep money moving in you're economy

 

[DR OSMAN]

You're rants change all the time

First you're like send everyone to university make them all smart but brushed up when I said wheres will all these graduates work who will hire them in the country.

You gotta files the path of industry first becoming self sufficient then exporting excess keep money moving in you're economy

Go away with your silly 20 million dollar budget that u bloat out to 300 million which is proven totally incorrect using a 'proper methodology' that is convincing and realistic, unlike your god damn baboon 30 year recognition is coming nonsensical govt who is convincing you they spend 70 million into your security forces, at the pay rate of 70 dollars that a million man fuckin army waryaa, only a god damn commonwealth realm society like yourself will fall for such thing as you were not empowered by the brits like all of their dominion were backwards and destitute like aborigines in australia, nacala kugu yaale, waa laga adkaaday is dhiib, hadadan isdhiibin at least other somalis can now judge you for what u r, a filthy unreliable liar who provides fake data which can be all debunked Plus your ciidaan is no more then 4000 based on your base and outposts, it's tiny you god damn son of a sirlancelord and i know your 'sacad muse' hiding under HY cause u never speak about HY towns, why would u care for another man's town? you expose yourself u dumb c*nt.

Your just furious the games is over. I am working out your 'civilian workforce' your police is 500 and that's it and 600k, if you want to confirm it, let me know, go to the police station check how many work there, ask for one of their salaries, multiply it across police station, u will see no more then 500 and 600k. My methodology was beautiful

 

[Libaax-Joore]

@Teeri-Alpha ina abti this Athiest wa kugu waashe

 

[Farjano-Walad]

@Teeri-Alpha I personally do not believe Islamic banking works based on the fact of low usage among Islamic world who are anti banking due to backward flavors of Islam being preached in the world to disempower muslims for political and economical reasons by Saudi arabians.

They want to ensure they keep the largest share of the oil market and this requires any potential oil producing state is eliminated and they do it thru 'wahabism' to begin the seeds of terrorist based society who the world will not 'invest' into due to fears of creating bin ladens.

There is no love in this world for u over religion, it's like saying I love u Teeri but I don't deep down, dantayda ayaa i daran which is my job, survival, and aspirations, every nation state is the same and to expect any less would only be disservice to their citizenry. I don't have any confidence in Islamic banking, especially when I know the more educated Islamic nation 'Turkey' opted out of it and they know Islam well and have institutions of it for centuries, most arab countries disregard it, there is no loaning culture in Islamic world, they never become 'asset owners', they never become start ups to employ people, they are just basic society on farming, digging the ground for oil and minerals, and basic 'service sector' which is created automatically. I don't want Somalia to head down this path and it wil be emulating it.

The reason I think Islamic banking doesn't work it was intended for ancient market that were simple and local and very little 'transregional' it wasn't a global market like today which has vastly different economic systems, they have stock exchange with set prices, they the USD as world currency which means your currency is valued against what it's worth against the USD.

If u don't ensure your currency has a good 'vault' in foreign reserves with gold backing it they measure it against other currencies and rank your 'reserve' to other countries reserves. They set key rules and you think you can 'escape' it some-how with your magical 'islamic' banking lol. I think if the prophet was alive he would've adapted to the world he lives in not suggest we live n die by what he said 1400 years ago because the world moves on, only one being left behind is us or those who fail to catch up, aduunka ma istago teeri, adaa 'haraysid' waa sharci la yaqan.

But like I said I am open minded, if it works and u can prove it works and it grows our banking in the nation with investors coming and seeing good market to service with proper mechanism in place and our locals are coming to the bank for loans and proposing their business idea, this is all i want, it's those locals who will create jobs for the poor, while u can work on delivering the environment of security, rule of law, good governance and policies based on strict data, ensuring the locals have good health and basic services is all a govt needs to do.

good i am glad you are open to it, its now my job to educate you and teach you, your a guy who si seeing out of 1 window, i have stepped out of the door and looked at the entire horizon, i will teach you insha Allah,

baking is very nascent bro, started around 1700s, became dominate in late 1800s early 1900s, and what we call financial markets took over in the 1970s, Muslims were sadly majority colonised for centuries and by the time they came out of it, they adopted the colonial banking system, when the west created banking system, they ruled our lands, when they left we adopted their banking ideas and systems, if we were not colonised i think Islamic banking would have taken off in 19th century to compete with their system

alas, it will be my job to educate you and teach you,

 

[DR OSMAN]

good i am glad you are open to it, its now my job to educate you and teach you, your a guy who si seeing out of 1 window, i have stepped out of the door and looked at the entire horizon, i will teach you insha Allah,

baking is very nascent bro, started around 1700s, became dominate in late 1800s early 1900s, and what we call financial markets took over in the 1970s, Muslims were sadly majority colonised for centuries and by the time they came out of it, they adopted the colonial banking system, when the west created banking system, they ruled our lands, when they left we adopted their banking ideas and systems, if we were not colonised i think Islamic banking would have taken off in 19th century to compete with their system

alas, it will be my job to educate you and teach you,

Do u think the lack of a banking culture is holding muslims back, I don't mean 'financial banking' between investors, but simple banks granting loans to start ups in the local market. I never see muslims do this, what is up with that? why is banking so 'feared' in Islamic territories. You will have huge education campaign to first for the locals, because the only one who access bank in islamic lands are usually 'merchants' which is quite silly, the whole point is that locals have access to cash so they can contribute their idea to the economy and hire people. 1 person who takes a loan is potential employer of 4 workers, stimulates 'ascilory sectors' i think u called it like transport of goods, products, they engage the market to purchase whatever their doing. It's stimulating the economy NATURALLY by itself, if u montor this and increase the number of start ups, u will be known as huge start up economy sxb and then u can begin education policy to supply the labor pool for the start up, we can build an internal economy wallahi not much foreign investment is needed other then investors in the banking sector.

Imagine that, the diaspora can invest in their flashy hotels and crap, while the locals have access to strong banking society that wants it locals to take loans, create businesses, while other locals are told if u dont wanna create business, u must join this stream of education(technical, professional, etc) that will service these start up, as time goes on they grow large and free market competition begins. The only thing hurting our economy is their all young and young business ppl are 'rare' so you got a small segment only to create business class and hope they make it large to employ these dulis young ppl

 

[Libaax-Joore]

Do u think the lack of a banking culture is holding muslims back, I don't mean 'financial banking' between investors, but simple banks granting loans to start ups in the local market. I never see muslims do this, what is up with that? why is banking so 'feared' in Islamic territories. You will have huge education campaign to first for the locals, because the only one who access bank in islamic lands are usually 'merchants' which is quite silly, the whole point is that locals have access to cash so they can contribute their idea to the economy and hire people. 1 person who takes a loan is potential employer of 4 workers, stimulates 'ascilory sectors' i think u called it like transport of goods, products, they engage the market to purchase whatever their doing. It's stimulating the economy NATURALLY by itself

who need loans when I make this every week

 

[DR OSMAN]

who need loans when I make this every weekView attachment 92766

I dont have anything against muse suldan people, why do u think I do? I hate your short sighted leaders who are hawiye lovers and a threat to the state, did I say your ppl are bad? waxasi qurunka naga gabta ama waan idin gabanayna u know the rule bidood boy

War orodo dadkagi ku laabo, pure bah dubays ayaa ka maseeraysa oo nugaasha degan. Adigu dadkani waa kaagiye wa ehelkina, waa bandar bayla wa muse iyo bidood. waxan gaba dhaqan xumada waxa keenta bidood

 

[Libaax-Joore]

are this people Bidodka bah dubeeys

 

[Libaax-Joore]

@DR OSMAN Bidodka Hassan yusuf in garowe

 

[Libaax-Joore]