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Lloyds drops overdraft fee on Islamic accounts ( UK)
Telegraph UK ^ | April 25, 2014 | Keith Perry

Posted on 04/30/2014 7:53:02 AM PDT by opentalk

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 won’t be any charges.”

One customer, Anita Milton, a nurse of New Eltham, south London, said: “I can’t believe that they’re 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?

...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.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Culture/Society; United Kingdom
KEYWORDS: bank; islam; london; sharia; uk

1 posted on 04/30/2014 7:53:02 AM PDT by opentalk
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To: opentalk

Well how about that...convert or Kafir can pay Jizya tax.


2 posted on 04/30/2014 7:57:12 AM PDT by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheelbarrow)
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To: opentalk

Muslims have already taken the UK ,tons of new rules and Laws for Muslims


3 posted on 04/30/2014 7:58:55 AM PDT by molson209 (Blank)
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To: opentalk

hmmm.....march into my bank and threaten to blow everything up if they don’t lay off the fees....had not thought of that one.


4 posted on 04/30/2014 8:12:00 AM PDT by Buckeye McFrog
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To: opentalk
"These accounts are structured differently to our traditional accounts and do not offer credit interest or other features that are available on our other products. A comparison with the overdraft charging structure on other accounts is meaningless.”

There you have it. Lloyd's thinks they are being fair because the typical customer has a choice between paying up to StG 80 per month in overdraft fees or earning up to StG 0.80 per month in credit interest.

5 posted on 04/30/2014 8:16:54 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: opentalk

oh good....I’ll just let my mortgage company know I can’t be making any further interest payments......


6 posted on 04/30/2014 8:34:00 AM PDT by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: opentalk

Pure Discrimination.

Will backlash against banks.


7 posted on 04/30/2014 8:43:58 AM PDT by ridesthemiles
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To: opentalk
So here we are...the caliphate is everywhere. I suppose no one warned about this, right?

FMCDH(BITS)

8 posted on 04/30/2014 9:03:51 AM PDT by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
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To: opentalk

Happy Dhimmitude, UK.


9 posted on 04/30/2014 11:59:20 AM PDT by Amagi (Lenin: "Socialized Medicine is the Keystone to the Arch of the Socialist State.")
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