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Muslims offered interest-free plastic
National Post ^
| March 31, 2010
| Tim Shufelt
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 ...
TOPICS: Business/Economy; News/Current Events; War on Terror
KEYWORDS: banking; creditcard; economy; interest; islam; koran; mastercard; quran; sharia; shariah; stealthjihad
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To: cynwoody
RE: As an alternative, you might consider, for example, the Fidelity Rewards American Express® Card. No fee and 2% back on all purchases.
Excellent idea for the wise & frugal
41
posted on
03/31/2010 9:50:18 AM PDT
by
Irish Queen
(This world is not my home, I'm just a passing through ...)
To: Loyalist
42
posted on
03/31/2010 10:09:19 AM PDT
by
Irish Queen
(This world is not my home, I'm just a passing through ...)
To: Loyalist
WHAT'S IN YOUR WALLET???
43
posted on
03/31/2010 10:11:28 AM PDT
by
petercooper
(Ignorant Obama Voters: Happy Now?)
To: Loyalist
44
posted on
03/31/2010 8:18:49 PM PDT
by
Dajjal
(Obama is an Ericksonian NLP hypnotist.)
To: Loyalist
Good one. And they’d be under their limit, so no over the limit charges either!
45
posted on
04/20/2010 6:22:32 AM PDT
by
b4its2late
(Bawney Fwank's mother should have thrown him away and kept the stork.)
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