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MasterCard offers card aimed at Muslims
nationalpost.com ^ | March 30, 2010 | Tim Shufelt

Posted on 03/31/2010 10:23:17 AM PDT by Free ThinkerNY

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 Mastercard, set to be available in the coming days, promises no bills, no interest and no credit card debt.

"Everyone living their day-to-day lives, they need a credit card. You can't rent a car, you can't travel if you don't have a card. Everyone wants one in their pocket," said Omar Kalair, president of UM Financial, a Toronto-based Islamic financing firm that is launching the card with the Mastercard brand.

(Excerpt) Read more at nationalpost.com ...


TOPICS: Business/Economy; Canada; Culture/Society; Front Page News; News/Current Events
KEYWORDS: crushislam; discrimination; economy; islam; islamicimperialism; islamiclaw; islamicsupremacists; lifeamongthekufir; muslims; shariahlaw
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To: GatorGirl

Yep. This is basically the same thing as my checking account with debit card, only:

A) I don’t pay a yearly/monthly fee to use it. I have direct deposit at least once a month.
B) I don’t pay $.95 every time I use it. Actually, I have keep the change and BoA matches like 1% of that or something.

So think of it as a card with the negatives of debit (need to have enough in account) and the negatives of credit (interest/charges on purchases).


61 posted on 03/31/2010 11:28:16 AM PDT by Svartalfiar
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To: Free ThinkerNY

“MasterCard offers card aimed at Muslims”

Is there a picture of the collapsing Twin Towers on the card?

Never forget.


62 posted on 03/31/2010 11:30:01 AM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: SeattleBruce
MasterCard for Muslims
63 posted on 03/31/2010 11:40:15 AM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: RC2

OH OKAY I think You get plantuim card on those weapons LOL!


64 posted on 03/31/2010 11:48:57 AM PDT by SevenofNine ("We are Freepers, all your media belong to us ,resistance is futile")
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To: Charles Martel; monkapotamus

OH MAN Islamic rage boy is poster card of this new ad campaign

Well he maybe less annoying than Flo from car insurance company LOL!


65 posted on 03/31/2010 11:49:50 AM PDT by SevenofNine ("We are Freepers, all your media belong to us ,resistance is futile")
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To: Free ThinkerNY

Put the Mohammed Cartoon on it!

Wait ... isn’t “interest” Haram?


66 posted on 03/31/2010 12:13:16 PM PDT by sono (Stupak is as Stupak does.)
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To: RockinRight
Does it blow things up?

No, but you can charge explosives & vests.

67 posted on 03/31/2010 12:13:17 PM PDT by BigEdLB (Now there ARE 1,000,000 regrets - but it may be too late.)
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To: BigEdLB

Scimitar Ginsu 19 dollars
Explosive Vest 40 dollars
72 Virgins Priceless

For everything else, there’s JihadCard.
Don’t leave the cave without it.


68 posted on 03/31/2010 12:23:26 PM PDT by sono (Stupak is as Stupak does.)
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To: RC2
Maybe all religions should forbid it’s people to pay interest.

Christianity had the exact same rules early on, but people tend to forget this. The word 'usury', from the Latin 'usuria', means 'interest', not 'high interest' which is what we now take it to mean.

The Bible forbids lending money to those in your community with interest several times, including in Deuteronomy 23:20, which says that a person may charge a non-Jew interest, but never a Jew.

Deuteronomy 23:20 Unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury: that the LORD thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it.

The First Council of Nicea in 325 forbade usury by clergy, and later councils expanded it to laity. The strongest rules against usury were probably formed at the Council of Lyon in 1274 and the Council of Vienna in 1312. Usurers were refused confession, Christian burial, and their wills were declared invalid.

More information: http://www.appropriate-economics.org/materials/Why%20do%20religions%20prohibit%20usury.htm

Or read the text of the various councils.

If I recall correctly, Henry VIII first decided that some forms of Usury weren't all that bad and allowed it sometime around 1545. I think it was called "An Acte Agaynst Usurie" & it set maximum rates for the first time.

69 posted on 03/31/2010 12:30:07 PM PDT by mountainbunny (Mitt Romney is the answer to a question no one asked.)
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To: mountainbunny

Sounds good to me.


70 posted on 03/31/2010 12:56:47 PM PDT by RC2 (Keep ACORN investigations going.)
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To: Free ThinkerNY

Some animals are more equal than others.


71 posted on 03/31/2010 1:29:59 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: All

You can be sure women will not be allowed to use this card....unless accompanied by their husband or adult brother....


72 posted on 03/31/2010 2:21:16 PM PDT by UCFRoadWarrior (National Security begins at the Border)
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To: hawkboy

Afghanistan Express, Don’t Blow up Home without it.


73 posted on 03/31/2010 2:40:18 PM PDT by GraceG
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To: Free ThinkerNY
Would it be wrong to hope their interest rates blow up over and over again?
74 posted on 03/31/2010 2:41:43 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: Free ThinkerNY

Warning: please do not cut this card.


75 posted on 03/31/2010 2:44:32 PM PDT by windsorknot
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To: Free ThinkerNY

This card will give you extra virgin points.


76 posted on 03/31/2010 2:46:28 PM PDT by windsorknot
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To: Free ThinkerNY

Sure wish I had a Mastercard so that I could cancel it.


77 posted on 03/31/2010 4:47:24 PM PDT by OldPossum
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To: ronniesgal

Hey, nothing wrong with a little profiteering at the Moon-cult’s expense....


78 posted on 03/31/2010 6:58:34 PM PDT by Cyber Liberty (Build a man a fire; he'll be warm for a night. Set a man on fire; he'll be warm the rest of his life)
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