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COUNTY GOVERNMENT OF MOMBASA BRINGS DOWN CAR DEALERS PARKING LOT

This comes after car dealerships in Ganjoni area, Mombasa fails to adhere to the notice given by the Inspectorate leading to demolishing of their parking.

They were given time to remove their vehicles to safe zone. Straight Outta Mombasa learnt that the parking zone were built on road reserves and the owners failed to pay parking rates an act which led to the demolishing.


Some of the car dealership felt it was not right and as we were preparing this story they had gone to the court and seek for court order.


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DANDORA STADIUM TAKING SHAPE

•Grand opening is set for July.
•4 more state of the art to be constructed.
•The only thing that could delay us is sudden weather change.
•Construction of Dandora Stadium is part of my promises.

Mombasa County Government H.E Hassan Ali Joho leading the official opening of Uwanja wa Mbuzi Stadium in 2017.

Courtesy:Site Manager.
GRAND OPENING.
The contractor is set for July for the opening of the first Stadium to be built by the County Government of Nairobi.
"From experience, the only things that could prevent us from ending this project on time is maybe monetory issues or sudden weather change which so far do not seem to be a hinderance," stated Justus Musembi the supervising engineer from the contractors Scanjet Construction Company Limited.

CAPACITY.
Dandora stadium will have a sitting capacity of 3000, strong steel structures to hold the terraces on either side of the Fifa standard pitch (100m x 64m at the chalk-line) are already standing strongly, bolstered by bolts and magic gum that turns into concrete-like solid minutes after gunned to fill gaps left by the bolts at the surface to give it strength necessary to endure any tension.

The stadium has so far employed youths from the area including women.  Nairobi city Governor Mike Sonko had earlier promised that the modern stadium will be opened  by July to pave way for a major football tournament for all the 17 sub-counties in Nairobi.

"Construction of the Dandora Stadium is part of my promises to people of Nairobi during my campaigns. My administration will also construct four other sports facilities in Kihumbuini, Woodley, Jacaranda and Kariakor," said the Governor.

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ISLAMIC SHARIAH IN FINANCING

What is Islamic Shariah Financing?

 Shariah banking/financing is the process of ensuring that financial product of service complies with Islamic legal precepts and principals, either by its conforming to one degree or another or by not violating the same.

Islamic shariah compliant banking is a fast growing segment of the financial sector in Kenya. The banking industry has shown impressive growth rates although from a very low base. Currently, convectional banks in Kenya such as National Bank and Standard Chattered are already extending to Islamic Shariah through 'National Amanah' & 'Sadiq'.

 The basic sources of shariah financing can be found in the Qur'an and hadith and sunnah of Prophet Mohammed(p.b.u.h) which can interpreted by jurists and interpreters of the Islamic law.

 The shariah financing prohibits Riba (interest) which is a main feature of the Islamic law. It extends to areas such as retail, commercial and private sectors.
SIMPLE STRUCTURE OF ISLAMIC BANKING
Islamic banking and finance is not different from convectional banking, only that the structures are based on the shariah principles. It is the difference that makes the auditing and supervision of Islamic finance different from convectional banking systems.

Shariah compliant institutions in Kenya are overseen by Shariah Supervisory Board (SSB) which plays a key role in the audit and governance frame work.

In the Islamic financing institution model, is an assets-backed type of financing where some of the things found in convectional financing are left out;

1.Maysir (Gambling)
This is discouraged in Islamic finance because of the gain is unlawful and cannot be classified as Rizq.

2.Riba (Interest)
In Islamic finance, Riba feature is highly shunned upon due to the fact that the sum earned is not in compliance with Islamic Shariah and sunnahs of Jurists.

3.Gharar (Uncertainty)
In finance uncertainty is the probabilities that cannot be implied to a set of circumstances that cannot be measured or quantified. This should not be confused with risk as risk can be quantified and it is measurable.

CONCLUSION.
Shariah financing seeks to amend the faults of convectional banking through religion and the Sunnah of the Pioneers of Islam. This type of trade ensures that one gets his money in an honest, clean and measurable way whereby it has no claim of any sort of the fore mentioned faults found in convectional financing.

For Muslims, the prescribed laws are good for their day to day trades and ensures both religious and financial profits.


[Article prepared by Said Omar]
Saidkimutai040@gmail.com 


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ETHIOPIAN AIRLINE GOES DOWN AFTER TAKEOFF

Ethiopian Airline plane Boeing 737 crashes 6 minutes after takeoff in Addis Ababa near a town called Bishoftu en-route to Nairobi, Kenya. Ethiopian state TV confirms 149 passengers and 8 crew  on board lost their lives.

The plane is said to have been bought by the Company 4 months ago from Boeing Air planes.

The Prime Minister of Ethiopia, Dr. Abiy Ahmed on Twitter has sent his condolences. "On behalf the Government and The people of Ethiopia we would like to send and express our condolences to the families of those who have lost their loved ones."

Boeing Air planes is aware of the accident and is looking on report from Addis Ababa and closely monitoring the situations.

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