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UK: Lloyds drops overdraft fee on Islamic accounts
http://www.jihadwatch.org ^ | april 26, 2014 | robert spencer

Posted on 04/26/2014 8:33:59 PM PDT by lowbridge

“Do I have to change my religion to get the best deal?” asked one woman. The answer is no: “A Lloyds spokesman said Islamic accounts were intended for customers who cannot receive or pay interest under sharia, but were available to anyone, regardless of their faith.”

How wonderful! You can avoid the overdraft fees as long as you submit to the hegemony of Sharia, you see. As long as you understand that Islamic law must be respected above all other laws and statutes, and are willing to comply with its restrictions, you can save up to £80 a month in overdraft fees.

The rapid self-destruction of Britain as it abjectly surrenders to Sharia while even its alleged foes of Sharia denounce and defame genuine opponents of jihad terror and Islamic supremacism would be funny if it were, say, a Monty Python movie. But it isn’t.

“Lloyds drops overdraft fee on Islamic accounts,” by Keith Perry, the Telegraph, April 25, 2014 (thanks to Maajid Nawaz):

Lloyds Bank has been accused of religious discrimination after offering free overdraft accounts to Muslims.

The bank sent customers a booklet this month explaining new charges.

While many will have to pay up to £80 a month if they go into the red, Muslims were told they would escape the charges. The document said: “We are removing the monthly overdraft management fee of £6 from our Islamic Account, Islamic Student Account and Islamic Graduate Account. So, if you use an unplanned overdraft on these accounts, there won’t be any charges.”

One customer, Anita Milton, a nurse of New Eltham, south London, said: “I can’t believe that they’re thinking of offering one account for Muslims and making everyone else pay for the same service. Do I have to change my religion to get the best deal?”

(Excerpt) Read more at jihadwatch.org ...


TOPICS: Culture/Society; Foreign Affairs; News/Current Events; United Kingdom
KEYWORDS: islam; sharia; unitedkingdom

1 posted on 04/26/2014 8:33:59 PM PDT by lowbridge
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To: lowbridge

“Islamic accounts were intended for customers who cannot receive or pay interest under sharia, but were available to anyone, regardless of their faith.”

oh that makes perfect sense....


2 posted on 04/26/2014 8:38:55 PM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: MeshugeMikey

Wouldn’t everyone just claim to be muslim for the deal, and bankrupt the bank?


3 posted on 04/26/2014 8:45:09 PM PDT by ltc8k6
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To: ltc8k6

Yes I would suspect that utter havoc might just ensue !

This is one of the few times this week Ive been reminded why life is still better in the USA than elsewhere


4 posted on 04/26/2014 8:49:32 PM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: lowbridge

Don’t care. We still will kill you.


5 posted on 04/26/2014 8:52:37 PM PDT by SkyDancer (I Believe In The Law Until It Intereferes With Justice. And Pay Your Liberty Tax Citizen.)
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To: ltc8k6

We can all sell our soul for a few dollars. Whooppeeee!!!!


6 posted on 04/26/2014 9:06:49 PM PDT by BipolarBob
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To: lowbridge

Would I be correct in guessing that the Muslim prohibition on interest originally meant that a Muslim may not charge interest on money lent to another Muslim, and that likewise a Muslim does not have to pay interest to another Muslim? How does that affect money lent to a Muslim by an infidel, since the infdel is not under Allah’s law?

Or is he?

They certainly have played the game well.


7 posted on 04/26/2014 9:15:07 PM PDT by Southside_Chicago_Republican (If liberty means anything at all, it means the right to tell people what they do not want to hear.)
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To: lowbridge

Some pigs are more equal than others


8 posted on 04/26/2014 9:15:25 PM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: lowbridge

The UK just keeps leading the West into abyss of death and destruction!


9 posted on 04/26/2014 9:28:15 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: lowbridge

When will civilization start fighting back against Islam?


10 posted on 04/26/2014 9:32:23 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: lowbridge

EUnuchs.


11 posted on 04/26/2014 10:00:09 PM PDT by Psalm 144 (FIGHT! FIGHT! SEVERE CONSERVATIVE AND THE WILD RIGHT!)
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To: lowbridge

britain surrenders more every day. why did we save these people just so they could do this? i sure miss maggie.


12 posted on 04/26/2014 11:33:37 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: lowbridge
The way you handle that is NO OVERDRAFTS. Any check that arrives for more than the account covers is returned with a "Not Sufficient Funds" stamp. If it happens too many times in a month, the account is closed. No interest is paid or charged, but there is a minimum balance requirement laid on the account. NSFs should be reportable to the credit rating agencies. You can have your cake, but it comes with some restrictions.
13 posted on 04/26/2014 11:51:02 PM PDT by Myrddin
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To: ltc8k6

The bank would prefer everyone goes for this deal. People seemed to have ignored the fact that the bank will not give these clients interest on their fixed deposits. Losing 80 pounds in potential overdraft fees is nothing compared to not having to pay customers interest on their deposits.


14 posted on 04/27/2014 12:40:46 AM PDT by hannibaal
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To: hannibaal

Eighty pounds a month is a lot of interest in the current environment, but for people to benefit from this account regularly they have to overdraw their account fairly often.

I wonder at what point do they simply close an account rather than have it regularly run in the red.


15 posted on 04/27/2014 12:48:46 AM PDT by 9YearLurker
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To: hannibaal

But they also could not charge interest on loans to Muslims or “Muslims”...that would be a lot of money lost to the bank.

One could imagine all sorts of deals being made with interest free loans, too. All of which could make money for the borrower, but not for the bank.


16 posted on 04/27/2014 1:14:26 AM PDT by ltc8k6
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To: lowbridge

Embracing their dhimmitude...


17 posted on 04/27/2014 2:17:21 AM PDT by sheik yerbouty ( Make America and the world a jihad free zone!)
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To: lowbridge

Sharia, have fun!


18 posted on 04/27/2014 4:21:45 AM PDT by ronnie raygun
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To: lowbridge

Unacceptable. So they give special privileges to screaming bearded savages who hate the UK? The UK is finished, and goodbye, I couldn’t care less.

When does this come to the USA?


19 posted on 04/27/2014 5:11:52 AM PDT by I want the USA back (Ask me what I think.)
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To: lowbridge
The document said: “We are removing the monthly overdraft management fee of £6 from our Islamic Account, Islamic Student Account and Islamic Graduate Account. So, if you use an unplanned overdraft on these accounts, there won’t be any charges.”

Imagine the bleating from the Left if this statement read, "We are removing the monthly overdraft management fee of £6 from Jewish Account, Jewish Student Account, and Jewish Graduate Account. So, if you use an unplanned overdraft on these accounts, there won’t be any charges.”

20 posted on 04/27/2014 5:21:36 AM PDT by Flick Lives ("I can't believe it's not Fascism!")
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To: MeshugeMikey

I do know, that to get around Islamic rules, when loans are given in the Arab world, there is an “Acquisition Fee”...which can be built into payments on the loan. This, of course, is effectively interest.

Interest is evil, but it is also the fundamental bedrock upon which all capitalism is built. I don’t think that real progress could be made in a world with no interest.


21 posted on 04/27/2014 7:23:04 AM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: The Antiyuppie

the mooselims dont like LIBERTY!

at all


22 posted on 04/27/2014 7:28:41 AM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: Secret Agent Man

Saved us?. Yawn.


23 posted on 04/27/2014 4:07:54 PM PDT by the scotsman (i)
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To: MeshugeMikey

And life in the Uk is still pretty good as well, occasional stupidity not withstanding.


24 posted on 04/27/2014 4:09:04 PM PDT by the scotsman (i)
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To: I want the USA back

And we couldn’t care less what some Yank thinks.


25 posted on 04/27/2014 4:09:51 PM PDT by the scotsman (i)
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To: ltc8k6
Wouldn’t everyone just claim to be muslim for the deal, and bankrupt the bank?

Because if you then don't follow the dictates of the murder cult, they kill you for being an apostate.

26 posted on 04/27/2014 4:13:42 PM PDT by Sirius Lee (All that is required for evil to advance is for government to do "something")
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To: lowbridge

So are they saying muslims don’t know how to properly manage a bank account?


27 posted on 04/27/2014 4:15:14 PM PDT by jughandle ( "We have the right to debate and disagree with any administration!" -HRC)
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