Sukkuk is stealth jihad, Christian leaders insist

The National Christian Elders Forum described the Sukkuk bond as illegal, unconstitutional and a stealthy way of Islamising the country.

The NCEF Chairman, Chief Solomon Asemota, in a statement on Sunday explained that proponents of the Sharia-compliant finance often conveyed the false impression that Sukkuk is an ethical financial system, stressing that its roots and practice were to be found in the Quran, hadith and traditions of early Islam.

He noted that the financial system was established in mid-20th Century by Muslim Brotherhood figures like Sayyid Qutb and Sayyid AbulA’la Al-Mawdudi, with the purpose of penetrating and undermining non-Sharia societies “by stealthily insinuating Sharia into their free markets.”

The Christian leader admonished his Muslim counterparts to observe the secularity of the country, noting that “it is wishful thinking for anyone to imagine the possibility of imposing one religion or one culture on 389 ethnic nationalities.”

UCJ, UNILORIN.