30,000 out of 2 million, even assuming very large families, seems like a very small market share.
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A company claims to have launched the UK's first sharia-compliant prepaid MasterCard was launched.
The Cordoba Gold MasterCard does not charge or receive interest as this is in direct conflict with sharia Law.
The company also donates at least 10% of its profits to registered charities in the UK and abroad.
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A company spokesman said: "Because this is a prepaid card, the customer pays no interest on their balance.
"The difference with this card is that Cordoba Financial Group does not earn any interest on the balance either.
"Normally when someone puts money on a prepaid card the company that issues the card will earn interest on the balance until the person spends it.
"This is not the case with Cordoba, as you can neither earn nor pay interest under sharia law."
The Cordoba Gold card is available to UK residents aged 18 and over, and is being launched in London.
The UK's Muslim population totals about two million and fully sharia-compliant banks have more than 30,000 customers across the UK.
Source: Asian Image (English)
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A company claims to have launched the UK's first sharia-compliant prepaid MasterCard was launched.
The Cordoba Gold MasterCard does not charge or receive interest as this is in direct conflict with sharia Law.
The company also donates at least 10% of its profits to registered charities in the UK and abroad.
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A company spokesman said: "Because this is a prepaid card, the customer pays no interest on their balance.
"The difference with this card is that Cordoba Financial Group does not earn any interest on the balance either.
"Normally when someone puts money on a prepaid card the company that issues the card will earn interest on the balance until the person spends it.
"This is not the case with Cordoba, as you can neither earn nor pay interest under sharia law."
The Cordoba Gold card is available to UK residents aged 18 and over, and is being launched in London.
The UK's Muslim population totals about two million and fully sharia-compliant banks have more than 30,000 customers across the UK.
Source: Asian Image (English)
10 comments:
The name (*)Cordoba(*) Gold MasterCard is quite revealing.
"Spain is Muslim land"...
;(
These sharia compliant banking products are outrageous.
We should all remove our funds from banks that seek to comply with that retarded theocratic system. If they don't charge or give interest their business is not viable anyway. It should collapse by itself. Otherwise they may compensate the loss of interests from muslims by raising them on the non-compliant products that we infidels use. I don't want to indirectly subsidise shari'a.
Firangi4u - that is one hell of a pedantic racist comment.
I am non-muslim, so the sharia law isnt applicable anyway but your comments are just unbelievable...get a life and a perspective dude
Prepaid, who do you work for? And where was the racism in that comment? Sharia-compliant financing is evil. It allows people to form parallel societies and it funds terrorism. To say that it is 'a retarded theocratic system' is absolutely the nicest spin one could put on it, and incredibly generous, really. Read 'Alms for Jihad' and 'Funding Evil.' You might find whoever you work for in there.
For JDamn13 - Limited - is all I can say with regards to your intelligence.
Whilst I dont believe preachers across the globe should be goign aroudn enforcing Sharia on all of us and definitely, have been turned off by missionaries coming around and requesting funds for schools which do not exist - to brand the entire concept as you have - "Sharia-compliant financing is evil." - Grow Up!!!
on that note - who do you work for - GEORGE W BUSH?????????
oh yes the muslims are the only terrorists in the world,the people who fought world wars and killed millions were angels.damn muslims
Call me cynical but this: 'The company also donates at least 10% of its profits to registered charities in the UK and abroad' raises a few red flags for me.
Oh, and how cute of them to name it after a remnant of Islamic imperialism.
Oh, and being critical of Islam isn't racism. It's not anything other than common sense really, but if you must label it something, call it 'Islamophobia' - there's a good boy.
must every non muslim always be sceptical about all things islamic?? i see the american and british governments have done a great job with their scare-mongering tactics. believe it or not some of us just logged on to find out about a prepaid credit card!! not to contribute to terrorism, not to plot against the western world... for goodness sake grow up, look around you and maybe try TALKING to some muslims. i am NOT the boogeyman.
The information given by you is really helpful and it really knowlidgible for all the muslims.
Adam
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