Lloyds: No overdraft fees for muslims

Johnnytoxic · 26 Apr 2014 at 08:15

Lloyds should not have separate Islamic accounts. What the hell is happening.

Its beyond stupid.

http://www.lloydsbank.com/legal/current-accounts/islamic-account.asp

http://www.telegraph.co.uk/finance/...-drops-overdraft-fee-on-Islamic-accounts.html

TheLegendOfMart · 26 Apr 2014 at 08:22

Why not?

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

I don't see any problems with that?

Johnnytoxic · 26 Apr 2014 at 08:23

Because Sharia law should not be recognised here. It's a slippery slope.

Today its interest rates, but what about in 10 years time.

Edrof · 26 Apr 2014 at 08:24

Mart, don't bring facts into this.

Rich_L · 26 Apr 2014 at 08:25

DEY TUK UR CHRIST

Marmot · 26 Apr 2014 at 08:26

Our Islamic Account is Shariah compliant and Planned Overdrafts are not available. Where you do not
have enough available money to make a payment, we will not usually agree to provide an Unplanned Overdraft and the Returned Item Fee will apply. If
we do give you an Unplanned Overdraft, you will be charged the Monthly Overdraft Management Fee of £6. You will not be charged interest or Unplanned Overdraft Daily Fees. We will not charge you if your Unplanned Overdraft is £10 or less.

LOAM · 26 Apr 2014 at 08:27

Shock horror as a bank creates a bank account that's attractive to potential customers.

TheLegendOfMart · 26 Apr 2014 at 08:27

Johnnytoxic said:
Because Sharia law should not be recognised here. It's a slippery slope.

Today its interest rates, but what about in 10 years time.

I'm confused, it is not actual law they are just offering options for muslims that follow Sharia law.

thepharcyde · 26 Apr 2014 at 08:29

Having been involved in an Investment Managed portfolio that was an Islamic Investment Authority, we would refund all debit interest on their portfolio that accrued over the month, this is nothing new. Likewise they cannot accrue credit interest, so what's the problem? It's a service that's required in a multi diverse society. Get over it.

Richdog · 26 Apr 2014 at 08:31

Johnnytoxic said:
Because Sharia law should not be recognised here. It's a slippery slope.

Today its interest rates, but what about in 10 years time.

Osprey said:
Our Islamic Account is Shariah compliant and Planned Overdrafts are not available. Where you do not
have enough available money to make a payment, we will not usually agree to provide an Unplanned Overdraft and the Returned Item Fee will apply. If
we do give you an Unplanned Overdraft, you will be charged the Monthly Overdraft Management Fee of £6. You will not be charged interest or Unplanned Overdraft Daily Fees. We will not charge you if your Unplanned Overdraft is £10 or less.

TheLegendOfMart said:
I'm confused, it is not actual law they are just offering options for muslims that follow Sharia law.

Another epic fail from a grunting OP who doesn't take the time to really read the facts behind what he's posting. The benefits are in reality negligible, and the bank gets a whole new customer base. I can't blame them.

thepharcyde · 26 Apr 2014 at 08:33

Richdog said:
Another epic fail from a grunting OP who doesn't take the time to really read the facts behind what he's posting. Hilarious.

OPS a Daily Mail reader

antijoke · 26 Apr 2014 at 08:35

Why can't Mankind just get along?

leaskovski · 26 Apr 2014 at 08:36

They've had them for ages. What's the issue?

MrMoonX · 26 Apr 2014 at 08:38

leaskovski said:
They've had them for ages. What's the issue?

Yeah they have, it's been around forever

Freefaller · 26 Apr 2014 at 08:47

TheLegendOfMart said:
I'm confused, it is not actual law they are just offering options for muslims that follow Sharia law.

Richdog said:
Another epic fail from a grunting OP who doesn't take the time to really read the facts behind what he's posting. The benefits are in reality negligible, and the bank gets a whole new customer base. I can't blame them.

Indeed.

Monkeymatt · 26 Apr 2014 at 08:53

Johnnytoxic said:
Because Sharia law should not be recognised here. It's a slippery slope.

Today its interest rates, but what about in 10 years time.

In 10 years time it'll still be the same... As it wouldn't gain any interest in that period..

4T5 · 26 Apr 2014 at 08:54

I don't care.

Bear · 26 Apr 2014 at 08:55

anticonscience said:
Why can't Mankind just get along?

Because there are too many stupid people about.

ElliorR · 26 Apr 2014 at 09:09

Oh noes the fabric of our society is crumbling and I shall move my bank account from Lloyds. OP, who does Nick Griffin bank with so I can join that bank?

Castiel · 26 Apr 2014 at 09:10

Johnnytoxic said:
this thread.....

Its beyond stupid.

Fixed for accuracy.