Skip to comments.Muslim MasterCard: Compass pointing to Mecca embedded in new bank card
Posted on 10/13/2012 5:51:35 PM PDT by CaptainKrunch
A compass pointing the way to Mecca is embedded in a new MasterCard aimed at Muslims.
Gulf state-owned bank Al Hillal in the United Arab Emirates has rolled out the new bank card which complies with Islamic laws banning charging interest on loans in a bid to appeal to the worlds 1.6 billion Muslims.
Islamic law or Shariah forbids riba, the charging of interest on loans, because it enables the rich to exploit the poor, creates social and economic tension and encourages risk, according to scholars.
Muslim MasterCard: This bank card has an embedded compass to direct the cardholder to Mecca for prayer five times a day
(Excerpt) Read more at dailymail.co.uk ...
What are the main rules for Islamic finance?
The rules lie in the principles of Islam’s shariah law, taken from the Qur’an and the Sunnah, (the way) referring to the way in which the prophet Muhammad lived his life.
Central to Islamic finance is the fact that money itself has no intrinsic value, it is simply a medium of exchange. Each unit is 100% equal in value to another unit of the same denomination and you are not allowed to make a profit by exchanging cash with another person. A Muslim is not allowed to benefit from lending money or receiving money from someone.
This means that earning interest (riba) is not allowed. To comply with these rules, interest is not paid on Islamic savings or current accounts or applied to Islamic mortgages.
How do the banking arrangements work for customers?
There are several Islamic financial instruments:
· Ijara works as a leasing arrangement: the bank buys something for a customer and then leases it back to them. Different forms of leasing are permissible, including those where a portion of the instalment payment goes toward the final purchase.
· Murabaha works by the bank supplying specific goods for resale to the customer. This method incorporates a mutually agreed contract and a mutually negotiated margin.
· Musharaka is a joint venture in which the customer and bank contribute to the capital of the operation and agree to share the returns (as well as the risks) in proportions agreed to in advance.
How do the banks make money?
Banks can profit from the buying and selling of approved goods and services. The principal means of Islamic finance are based on trading, and it is essential that risk be involved in any trading activity, so banks and financial institutions will trade in sharia-compliant investments with the money deposited by customers, sharing the risks, and the profits between them.
Islamic banks are structured so that they retain a clearly differentiated status between shareholders’ capital and clients’ deposits in order to make sure profits are shared correctly.
Although they cannot charge interest, the banks can profit from helping customers to purchase a property using a ijara or murabaha scheme. With an ijara scheme the bank makes money by charging the customer rent; with a murabaha scheme, a price is agreed at the outset which is more than the market value. This profit is deemed to be a reward for the risk that is assumed by the bank.
There are firm laws governing the types of business the banks can trade with. There should be absolutely no investment in unsuitable businesses, including those involved with armaments, pork, tobacco, drugs, alcohol or pornography.
Sounds like the democrats..."Those are not taxes, they are user fees"
Maybe the embedded compass will be useful to a future B2 pilot.
thanks for the link...
Wonder if the muzzlemen realize that when they bow to Mecca to pray their butt holes are facing Mecca in the opposite direction.
"Maybe the embedded compass will be useful to a future B2 pilot."
Now that's creative thinking.
Can it be re-programmed remotely to instead point them to Hell? LOL.
The Hagia Sophia (in Turkey) was analogous to the Temple of Solomon in Jerusalem, and it faced Jerusalem. Until the Islamic overtake of Constantinople when they moved the direction towards Mecca.
Uncle Obama’s Jihadi Credit Card
“Don’t leave Gitmo without it!”
You know if you use a damp towel and an iron these sticker can sometimes be peeled up and turned, say 180 degrees.
Never mind that it is inscribed: There Is No God Except Allah.
Check out the link in post # 12
Check out the link in post # 12
I saw the story and pics a day/couple of days ago. Natch; he’s The muzzie-In-Chief. A lib I know, whose mostly calm demeanor ‘came off faster than a prom dress’, went batcrap when she saw the story/pics.
They can’t deal in armaments? That’s rich.
Then someone posted this high resolution picture showing NO evidence of Arabic characters. They are just loops or snake shapes, but no one could possibly read these as saying what Corsi says. The top loops appear to have been damaged, but you can see they were originally just like the lower ones.
This debunking has been posted numerous times on FR this weekend. Good luck trying to sell it with this high resolution photo. Take it to any Arabic scholar and ask them what it says and they will tell you, "Nothing."
Already, according to one poll, 20% or more of Americans believe he is a muzzlem and almost 50% think he is a Christian. (Other polls have varying numbers.) The rest don't know what he is. People from all of those groups still vote for him. They don't understand what evil izzlam is based upon. Even if this ring hoax were true, those people would STILL vote for him.
Why don't we just try to beat him based on his terrible economic, social, medical, and foreign policy? That is something a LOT more people understand and care about.
Don’t they though!
Snopes says “probably false”, but not “definitely false”.
With regards to ( http://www.youtube.com/watch?v=js3K1V6fcgE ) Is this a wedding ring.?
Well!now that they have a compass on the card telling them where Mecca is they can use that card to emigrate and get to where they’ll feel most at home.
They can just leave the non-Muslim world alone.
What kind of idiot thinks that they are actually facing another spot on the planet if they use a compass or any other thing that “points” to mecca? The dummies are facing out in to space. The Earth is round, it is curved you moslem morons...
Can the kufir get a no-interest credit card from MasterCard without having to submit to Mecca?
Baraq Hussein Ubama feels compelled to lie to black voters and tell them that he is a Christian who opposed same sex marriage and believed in “rare” abortions.
The primary voter base for Ubama deserves to know the truth. He is a secular humanist with a “healthy skepticism of organized religion” (his own claim in those words, claims it comes from his agnostic mother) and a sweetspot in his heart for Islamic imperialism.
Irrational Fear of Islam?
AINA (press release)-Oct 2, 2012
We now have a term for an imaginary problem: Islamophobia. It has become the subject of international conferences and is treated as a threat to world peace. In contrast, racist violence against people of European origins, a very real problem from South Africa via North America to Western European suburbs, does not exist because we have no special word for it. This is word magic. “Tolerance” and “diversity” mean dispossessing Europeans from the countries their ancestors created, whereas “intolerance,” “hate” and “racism” imply any opposition by Europeans to their own dispossession and organized national destruction.
I fell for the ring thing too. But of course, with statements (on the record) coming out of Hussein's mouth like the ones below, his obvious animosity towards Israel, and a ton of other evidence, it was not hard for Corsi's argument to convince me that ring had Arabic script on it saying "There is no other God but Allah". Might not be written on the ring, but I absolutely believe it's written on his heart.
Obama: "I will stand with the Muslims should the political winds shift in an ugly direction" - Audacity of Hope, page 261
I agree with you there. And those two quotes should be the clincher for anyone who doesn't agree.
And that one in particular (stand with the Muslims), when we did that, they hated us even more and lost more respect for us.