Skip to comments.UK: Lloyds drops overdraft fee on Islamic accounts
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 isnt.
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 wont be any charges.
One customer, Anita Milton, a nurse of New Eltham, south London, said: I cant believe that theyre 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 ...
“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....
Wouldn’t everyone just claim to be muslim for the deal, and bankrupt the bank?
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
Don’t care. We still will kill you.
We can all sell our soul for a few dollars. Whooppeeee!!!!
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.
Some pigs are more equal than others
The UK just keeps leading the West into abyss of death and destruction!
When will civilization start fighting back against Islam?
britain surrenders more every day. why did we save these people just so they could do this? i sure miss maggie.
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.
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.
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.
Embracing their dhimmitude...
Sharia, have fun!
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?
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 wont be any charges.
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.
the mooselims dont like LIBERTY!
Saved us?. Yawn.
And life in the Uk is still pretty good as well, occasional stupidity not withstanding.
And we couldn’t care less what some Yank thinks.
Because if you then don't follow the dictates of the murder cult, they kill you for being an apostate.
So are they saying muslims don’t know how to properly manage a bank account?