LLoyds offers Islam account with no overdraft fee.

[Lord Percy]

Sharia law says you aren't allowed to pay or charge interest. So people with an Islam account don't pay anything for going overdrawn.

They don't get any interest on savings either, but let's face, the vast majority of people in this country are more likely to lose money from overdraft fees than they are to gain money from savings interest.

https://www.independent.co.uk/news/uk/home-news/lloyds-bank-removes-overdraft-fee-from-islamic-accounts-9291932.html

[map]

IIRC the Muslim law thingy is you can't make money from money. So you could get an interest free loan to set up a business to make money to pay back the loan.
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...and the whirlwind is in the thorn trees, it's hard for thee to kick against the pricks...
Gibbs, what did Duckie look like when he was younger?

[fatpies]

TBH most of them are just playing with semantics.

Where you pay rent instead of interest.

Though TBH I think not allowing usury is actually a good thing.

With 1000% + loans in the UK this is a bad thing, even in Uber capitalist HK the maximum amount on loans is 65% APR.
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"It's easy to attack and destroy an act of creation. It's a lot more difficult to perform one"

[daemonoid]

[Im-a-Ridah]

You are very, VERY racismist to question any special and alternative treatments for ethnic and religious majorities like non-whites and muslims.

https://cdn.frontpagemag.com/wp-content/uploads/2011/11/timothy-allen_massacre-insult-islam.gif

[Nexus Icon]

I've got a Lloyd's account and I don't get charged interest on an agreed overdraft.

I'm not a Muslim or any other type of religious fantasist for that matter.
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Greetings from Shitsville!

[Ste]

I'm a religious fantastic and don't pay any interest on a rather large balance. In fact, I don't pay them anything towards that balance.

Explain to your bank that you're a member of the Church of the Flying Spaghetti Monster.

[Wafer_Thin_Ham]

[Ste]

He's cool with it. He's cool with pretty much everything if you eat pasta and talk like a pirate.

[Wafer_Thin_Ham]

[Az]

You don't have to be muslim to have one of these accounts, so even though it's called an Islamic account it's not for muslims only. Anyone is welcome to open one of these accounts and have the same benefits

[Lord Percy]

I have no real Muslim hatred related to this. I guess in the end it's just a private company cashing in on the desires of a large group of people. Can't fault anyone for that. Although it does show that Islam is beginning to at least have some strength in this country, when a major bank is beginning to tailor its products specially for them. I don't care about 'loss of culture' or any of those other general worries that some people have, but I do wish religion would be kept out of anything like this, mainly because I wish religion were gone altogether, but that's a different issue really.

[scorps]

im not saying anything about islamic accounts, I just asked Subway on facebook if they were thinking of starting up non beef franchises for Hindus and they booted me off their page! some folk are so touchy!
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Do not presume that I am male.

[Wafer_Thin_Ham]

[Mario_Kempes]

Some people think that prejudice or the shadowy "PC brigade" can win out over free market capitalism.

It's about money. I don't get the outrage. Want subway to stock bacon? Get your bacon munching friends to buy more subway sandwiches instead of raging about Musllamics on FB.

[Im-a-Ridah]

[dydey90]

The reality is that the bank will not lose out at all.

According to Halifax online, a £10,000 loan over 5 years will cost you £187.01, a total of £11,594.62 at 5.9% interest.

An Islamic account would mean you got the loan for 'free' but had to pay a 'charge' of roughly £1,594.62.

Overdraft fees:

[Rogerborg]

My meat, in this manner slaughtered must it be.

https://splashpage.mtv.com/wp-content/uploads/2010/03/batmanvssharkwithlightsaber.jpg
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[Irn-Bru]

Currently eating a bacon sandwich in protest
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KTM 990 SMT & Suzuki DR-Z 400 SM

[hachi8]

These are the kind of things that are turning people against muslims. Why even call it an Islam Account?

It seems we have been duped and lied to over the years. We were told we must accept a multicultural society...dont segregate...all be as one and all that...but then as the years have gone by it would seem muslims DONT actually want to Integrate. They want their own laws and courts...they want to have special privelages based around a fantasy book they believe in and they want to live in their own communities without western influence.

Im no racist...but I can certainly see why some people in this country would start to get pissed off at constantly giving in to this religion to the detriment of our own people and laws.
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K7 GSXR 1000 - The Beast!

[lihp]

[DrSnoosnoo]

[daemonoid]

[Rogerborg]

[lihp]