Omar Kalair is the president of UM Financial, which is test driving a new interest-free credit card that is designed to adhere to Sharia law.
You are exempt from paying interest as long as you're a Sharia Muzzie in Canuckistan.
Posted on 04/13/2010 9:03:16 AM PDT by myknowledge
Zero interest and faith are not words one commonly associates with credit cards.
They do have a place in discussions about the iFreedom Plus MasterCard, tailored to meet the religious requirements of Canada’s Islamic community and recently launched by Toronto company UM Financial.
“There are clients in the market looking for structured products that are compliant,” from credit cards to mortgages, said Omar Kalair, president and chief executive officer. UM Financial plans to market the card to all Canadians.
(Excerpt) Read more at thestar.com ...
Omar Kalair is the president of UM Financial, which is test driving a new interest-free credit card that is designed to adhere to Sharia law.
You are exempt from paying interest as long as you're a Sharia Muzzie in Canuckistan.
so are these fee-based cards? with the fees increasing with the balance increasing?
Feel free to apply for one, as long as you're a Sharia-following Muzzie.
Non-muslims have one, too. It’s called an American Express Card.
Why can't they use American Express, like everyone else?
I doubt this card will survive long.
Islamics will find something “unholy” about it all the time....and keep forcing the issuer to change terms. As Islamics build up bigger debts...Islamics will push for “forgiveness”....if they do not get it...they will clain “religious intolerance, bigotry, anti-Islam” etc...
Just watch, this is what will happen with ShariaCard...Don’t go to the Mosque without it!
Discrimination against Christians and Jews.....simple as that.
For your next Jihad use the.........!
Will these cards be Dave Ramsey approved?
How can a prophet be divinely inspired when he doesn’t even understand the time value of money?
That's a good question. Perhaps we should "Ask The Imam."
Nah. We know the answer: AmEx transactions pass thru the hands of Jews and others deemed harem.
These should be brought to the United States. The gov’t does not track potential terrorist very well, maybe the banks will.
Just like murder is illegal under Sharia, but if you cut some infidel's head off...well that's not really murder. It's just a fee.
Not really any different than a debit card.
Like anything Muzzie, it is sulfurous smoke, warped mirrors, and weasel semantics
so THAT”S how I get them to cut my interest rate...threaten to behead them as Infidels....
If you had read the article you linked, you would know that these are pre-paid cards. IOWs, they are losing interest since they have to pre-pay their purchases. Duh.
The word “American” is offensive.
Ah, MadrassaCard. Don’t start jihad without it.
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