Posted on 03/31/2010 6:45:15 AM PDT by Loyalist
A new interest-free credit card, the first of its kind in North America, aims to reconcile Islamic canonical law and Western consumer culture.
Until now, observant Muslims have been precluded from owning credit cards on which they pay interest, a violation of shariah law.
The iFreedom Plus Master-Card, set to be available in the coming days, promises no bills, no interest and no credit card debt.
....
With the iFreedom Plus MasterCard, holders load up their card with cash in advance, up to $6,000. Each purchase draws down on the account without accruing interest.
....
Because the new product doesn't actually involve credit, applicants are approved without a credit check.
(Excerpt) Read more at nationalpost.com ...
Does American Airlines accept debit cards or just credit?
So it’s a debit card. Rename a card and fool the Muslims lol.
I know a lot of car rental companies require you to have a secured credit card because I’ve tried to use check cards with them before and they made me use the VISA. Maybe not all of them do, but it seems every time I had to rent they did and I used to be on business travel anywhere from 75-150 days a year so, well, this one I got to know pretty well.
This sort of card—with high fees—has been available down here for years, supposedly to help those with bad credit to re-establish themselves.
The downside is that in lieu of late fees, they chop both of your hands off and give you 40 lashes.
It’s all part of the “honor system.”
If the drug dealer gets busted the cops keep the car that they were driving.
I don’t do credit cards and I’ve gone everywhere on my debit, including rental cars.
Agreed. Even their religion is anti-capitalist.
They either blend in, assimilate, or leave.
They hate the West.
Why are they here ?
Well gee whiz! The Muslims have just invented the debit card.
To take over.
So a woman in a burka is going to hand over a card that reads, iFreedom?
Oh, the irony.
I’ve only flown once but have since gotten rid of my ‘plastic’...may need to fly again later this year not sure how this will work out.
Indeed, it’s an option for us kaffir too. I myself keep an absolute minimum amount of money in my debit / checking account at a real bank. When I need to get something off the internet (plane tickets, car rental, Christmas presents to be shipped directly from the seller), I deposit some money, click it away on the purchases (usually the same day), and I’m back to my minimal balance.
I think what they’re talking about here are Visa or MC debit cards that don’t require a bank account, which as many have noted, have been available for years. Check them out but be careful about fees. Even though they’re holding your money, many charge you a pretty steep monthly fee (even $4.95/mo is steep to me), a “transaction fee” which covers the MC/Visa charge (which would be illegal if the merchant himself charged it to you), and fees for pretty much any interaction with the card issuer, even checking to see how much money you have left.
If the guy declares bankruptcy, then they can only chop off his thumbs. *rimshot*
Though how much interest does the issuing bank make on all that prepaid cash? That would seem against sharia too.
Ahab and his wife took Mother out to dinner three to four times a week. He dropped by the house with little gifts in between 'dinner dates'(fresh squeezed orange juice from the gourmet deli, Brach Jelly Beans, flowers, ...). He declared that he thought of her as his mother.
A few months after the relationship began *Ahab received the first of many very low interest loans (1-2%) to make improvements in his three liquor stores. Later on Ahab 'helped' mother with purchases of large ticket items such a large screen TV, refrigerator, vacuum cleaner, and several king-size bed which she gave away to him. None of the items came with receipts; I suspect they all had fallen off the proverbial truck. Everything Mother had Ahab purchase for her was overpriced. Example: Best Buy price for large screen TV was around $6,000. The price mother paid Ahab was around $8,000. Then at mother's request Ahab began major home improvement projects on Mother's home (bathroom remodeling, elevator for her three level house,interior and exterior painting, ...). The work was done by Ahab's 'boys' who were mainly illegal workers from Mexico. Much of the improvements had to be redone by licensed contractors later.
I wanted to have Ahab investigated from possible fraud and elder abuse, but my sister who lived nearby insisted that even though Ahab was taking advantage of Mother, she enjoyed all the attention Ahab provided. My sister thought the price of a couple thousand dollars a month to keep Mother entertained was worth it. "After all it is her money, and its just pennies to her."
Last year with the help of the housekeeper, my husband and I disentangled Ahab from mother's life. Through investigation I discovered that Mother was not the first rich widow woman he'd 'helped' in the valley.
I'd be o.k. with it as well if it were completely anonymous, and I could buy them with ca$h at the local 7-11.
It's none of the government's business what I spend my money on.
The price is too high, you have to tie up the funds up front, and, last and not least, the brand affinity is putrid.
As an alternative, you might consider, for example, the Fidelity Rewards American Express® Card. No fee and 2% back on all purchases.
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