I had asked @EthzemaLeader the following question after his controversial/deliberate remark against #IslamicBanking/#InterestFreeBanking (as it is called here in #Ethiopia). I have today watched another video of him where he tried to "Clarify" but continued to insult us more.
First of all, he has tried to defend that he is not an #islamophobe by bringing #Muslim audience & that his grandmother was a Muslim. This is the same reply many persons give when they are confronted with their #Islamophobic attitude. #BerhanuNega is no different.
You can have #Muslim parents, lived with #Muslims fasted #Ramadan, eaten #Dates or #Sambusa etc you can still be an #islamophobe. One can claim to be a Muslim but in reality be the most #Islamophobic person that hates #Muslims and #Islam. It is a lame excuse!


You have either no idea what #IslamicBanking is and how it works or you consider other people as dump cause you have a Phd in Economics. I bet you have no clue about the #IFBWidnow service and other models #Subsidary & #FullFledged!

#IslamicEconomics #IFB #Ethiopia #Finance
Are you or any other members of @ETHZema interested to learn about #IFB? I will be glad to help. @EthzemaLeader mentioned about #CBE & other commercial Banks currently giving Window service. Please do not force us to tell the bitter truth! we need #FullFledged #IFB Banks!

The windows are currently successful (for their Banks) and partly met the demand of the people who do not want to involve in #Interest/#Usury/#Riba. However, there are many untold stories about the industry!!!

#IslamicEconomics #IslamicBanking #Takaful #Ethiopia

The reason we are demanding to have other alternative models of #IslamicBanking & other #IslamicFinance institutions is not b/c we are "religious fanatics". It is b/c of our constitutional and economic right!

#FinancialInclusion #InterestFreeFinance #Banking #Insurance

#Banks #Insurance etc are jumping in to this vast stream of #Economics as it is a business not a religious agenda. There are so many #Ethiopian professionals (not only #Muslims) educating themselves in #IFB #Takaful etc & serving the public!

#FinancialInclusion #Ethiopia

We have banks that have "#Ethiopian" names but are in practice institutionally racist, exclusive & void of diversity in each & every aspect of their dealings.

Why do you then jump on Banks because of their names : #Amhara #Oromia etc...


#Ethiopia @ETHZema @EthzemaLeader
Who has forbidden you from buying shares, depositing money or taking loans from these Banks? I also ask you the same question when it comes to #ZamZam or #Hijra. Did they forbid you from buying shares? Is there any one denied of serving in this Banks?


#IslamicBank or #Takaful are not only for #Muslims. Do your research /@Google. They are very successful and popular in #Europe #Asia #Africa where there is a #Muslim population of less than 10%! Why do you then work to deprive the #Ethiopian Muslims of their economic right?

I advice @ETHZema @EthzemaLeader to be responsible in their polices & statements they give out to the public. I know many parties share your policies when it comes to #Muslims & issues like #IslamicBanking etc.. but do not underestimate half of #Ethiopia's population!!!

12/ End
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More from @BilalAlHabashi

13 Oct 20
Yesterday, we have witnessed the handing over of the 1st operational licence to the first full-fledged #InterestFree Bank #ZamZamBank which is a historic milestone in the #Ethiopia'n Banking industry. #IslamicBanking #IFB #FinancialInclusion
#ZamZam 1/n Image
After the promoters of #ZamZam initiated the idea to the #NBE a directive was issued in October 1, 2011 to allow conventional banks only to give the service along with their commercial services. The #NBE's decision has saddened many. 2/n

#InterestFreeBanking #FinancialInclusion Image
11 Banks has so far started the service in a window model. Currently, these banks combined has mobilized more than 60 Billion Birr in deposits through 5+ million accounts. It is a huge amount compared to the low attention & investment given to #IFB by all stakeholders. 3/n
Read 16 tweets
26 Jul 20
I was in my father’s birthplace (‘#Al_Ansha Meda’, between ‘#Boru_Meda’ & ‘#Kuta_Ber’, some 20 minutes drive from #Dessie) with my Dad two months ago. There are more than 1,400+ households in the area who have been deprived of electricity. #Wollo #GERD #AccesstoElectricity ImageImageImageImage
I am not sure they will get electricity when #GERD starts. The residents bitterly complain that the current and previous administration deliberately ignored their plea to access road and electricity despite thier interest to co-finance it. #GoodGovernance #InclusiveGrowth ImageImageImageImage
The paradox is that there is electricity across their village near the main road. Besides, there is also a construction (residential houses )near their village & they are frustrated why they were left behind. #GoodGovernance #InclusiveGrowth #Wollo #KutaBer #AlAnshaMeda #BoruMeda ImageImageImageImage
Read 4 tweets
4 Oct 18
#Muslims r one of the most financially excluded citizens in #Ethiopia & their primarily reason is #Riba. But I wonder how & where the data for such reports are collected? "Financial inclusion in Ethiopia: 10 takeaways from the latest Findex" tinyurl.com/ydhmd738 via @WorldBank
Citizens who identify themselves as #Muslims account for 34% of the #Ethiopia'n population (CSA, 2007). This large segment of the society was demanding Shari'ah Compliant #finance for long time. Banks first responded by introducing 0% interest A/C #financialinclusion @WorldBank
Banks attracted millions of customers and mobilized billions of Birr in deposits. Sadly, customers were unaware that these deposits are not #ShariahCompliant and they were subjected to successive devaluations which has impacted them a lot. #financialinclusion #Ethiopia @WorldBank
Read 11 tweets

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