Islamic student account launched

leaskovski said:
In defence of myself, i didn't post this as 'omg! They are talking over the world' thread :cool:

I was merely supprised that they are not allowed to make interest. It seems silly to turn down free money. :eek:

Defence over :D
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My american bank account doesn't pay interest, and unless I keep $1000 in there I have to pay $30 for the privelige of having the account. If I want paper statements I have to pay, if I want a new chequebook i have to pay, if I want to tarnsfer money I hae to pay obscene amounts. If I want a savings acount which does pay interest (all of 0.75% of it....) it wil need to have over $1000 in it or I'll have to pay $30 a month, statements for the savings account would cost $5 a month..... If I want to withdraw money from the banks ATM it cost $2. If I withdraw from an ATM which isn't the banks then I will get charged $2 from my bank and $3 from the other bank.

In 1 year I paid over $500 in bank fees on an account of a few thousand dollars. I have made ~$4.73 in interest.

Having a UK bank acount, without all the charges that some banks in other counties have, even without paying in any interest, and while in keeping with your religions laws about investment, is a very definite plus point over many other options.
 
cleanbluesky said:
Also, my contention isn't against 'non-traditionalism', I dislike aspects of Islam and believe it's presence here is harming integration and social cohesion.
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:eek: Really?! Wouldn't have guessed.. :p

Regarding the topic, sounds fair enough to me, doesn't seem to be any restrictions on who can or can't get this account so really struggling to see any reason against it :)
 
D.P. said:
My american bank account doesn't pay interest, and unless I keep $1000 in there I have to pay $30 for the privelige of having the account. If I want paper statements I have to pay, if I want a new chequebook i have to pay, if I want to tarnsfer money I hae to pay obscene amounts. If I want a savings acount which does pay interest (all of 0.75% of it....) it wil need to have over $1000 in it or I'll have to pay $30 a month, statements for the savings account would cost $5 a month..... If I want to withdraw money from the banks ATM it cost $2. If I withdraw from an ATM which isn't the banks then I will get charged $2 from my bank and $3 from the other bank.

In 1 year I paid over $500 in bank fees on an account of a few thousand dollars. I have made ~$4.73 in interest.

Having a UK bank acount, without all the charges that some banks in other counties have, even without paying in any interest, and while in keeping with your religions laws about investment, is a very definite plus point over many other options.
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Flamin galar! Long live my current account! :eek:
 
dmpoole said:
I've got no problems with Muslim bank accounts, my problem is once again with a religion bending rules but their god will know what they're doing and they'll all go to hell.
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Hypocrisy by religious types? Never!
 
My fav bit from the site was "The giving or receiving of interest is forbidden"

HAHAH wtf? So no wonder Lloyds is so interested in starting up this type of bank account.
 
cleanbluesky said:
http://en.wikipedia.org/wiki/Celts
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From that link
Population genetics

With the information gathered recently by population geneticists, it is becoming increasingly clear that the old idea of large-scale replacement by newer invaders is sometimes a misleading concept. The Celtic ethnicity debate took off at a particularly early stage in population genetic studies which is a science still in its very early stages of development. Taking this into account along with the fact that these limited studies are dealing only with particular sections of DNA (eg. MtDNA, Y chromosome; no studies can currently be carried out regarding X chromosome inheritance), the results cannot be considered conclusive in any way.

In his book Neanderthal, archaeologist Douglas Palmer refers to genetic research conducted across Europe, then states the original modern genetic group in Europe arrived between 9,000 and 5,000 years ago with the spread of farming, displacing the earlier hunter gatherer populations. Such displacement occurred by population explosion, since farming is capable of supporting up to 60 times greater population than the hunter-gatherer lifestyle in the same area:
"None of Europe's subsequent historic upheavals - even catastrophic wars and famines - has seriously dented the old pattern set by the influx of farmers. The Goths, Huns and Romans have come and gone without any significant impact on the ancient gene map of Europe".

The Y-chromosomes of populations of the so called Celtic countries have been found in one study to primarily belong to haplogroup R1B, which makes them descendants partially of the first people to migrate into north-western Europe after the last major ice age. According to the most recently published studies of European haplogroups, around half of the current male population of that portion of Eurasia is a descendant of the R1B haplogroup.
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I've got a bunch of books I can quote similar from witten by geneticsts and archeaologists. So as there are no people called the celts you cannot be decended from them.
 
cleanbluesky said:
What do you think the bank account concept is part of? Sharia. Every new facility that caters for it legitimises its use. Baby steps.

It is easy for anyone to examine sharia as a whole, including its less savoury practices. I have no problem with such bank accounts, were they not attached to a brutal and anachronistic concept of 'law'.
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Christ your quite a paranoid fella arent you??, the more and more i hear about your views on islam/muslims the more i think your paranoid...segregation and apartheid??...all due to a special bank account being offered for muslims....dear oh dear heard it all now.

You have no problems with such bank accounts if they were not attached to sharia law??, what utter and complete rubbish your spouting off there. All the bank account is saying that there is no interest paid on any money within the account...how does this become brutal and anachronistic exactly???:confused:.
Unless your scared that this is going to start off a chain of events which will mean Sharia law will become the Law of the land so to speak. Personally i dont think that will ever happen, i cant see the govt being silly or stupid enough to actually replace english law with sharia law. As i said a lot of paranoia going on in your head there CBS. I dont see anything wrong with being catered for and i actually whole heartedly commend both HSBC and Lloyds for taking such a step especially in this day and age of sensationalist paranoia.
 
@if ®afiq said:
Didn't we have the same people kicking up the same fuss with the Islamic Mortgages?
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Yep and and its quite funny to see how paranoid these people are, i mean come on its only a bank account. So what if we muslims dont want interest being paid to us...cant see how that raises tensions etc.

Couldnt care less if they offered a christian bank account which only allows you to pay in pigs:p. :D
 
Spawn said:
Christ your quite a paranoid fella arent you??
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Yes. Just because you're paranoid doesn't mean they're not after you.

You say it doensn't matter but isn't it strange how you support ANYTHING Islamic. But it's only a bank account, or it's only a mortgage, or its only whatever... but it seems that if you stick 'Islamic' on the front of it, you will support it.

I'd bet your attitudes would be slightly different if this were a Jewish bank account.
 
cleanbluesky said:
Yes. Just because you're paranoid doesn't mean they're not after you.

You say it doensn't matter but isn't it strange how you support ANYTHING Islamic. But it's only a bank account, or it's only a mortgage, or its only whatever... but it seems that if you stick 'Islamic' on the front of it, you will support it.

I'd bet your attitudes would be slightly different if this were a Jewish bank account.
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I think you're right about small steps, but I don't know where those small steps will lead to. My own personal opinion is that as the Muslim population grows, they will have more influence over politics until they outnumber other groups. Eventually (next 50-100/150 years) Muslims will have the majority population in this country and can therefore implement whatever social and political system is relevant to that group of people at the time. Hopefully, it won't come to blows before then.
However, I think this is inevitable whether there are Muslim bank accounts or not.

Anyways, I think I might just have sprouted a load of rubbish.
 
willd58 said:
I love the fact that the so many people are so afraid. I pity you all...

...This is not a threat.

I say again, I pity you people who are so afraid, I pity you like I pity those who voted for the Nazi party because of there anti jewish fear mongering.
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Good post.

I think you have hit the nail on the head. The threat of a financial institution catering for its customers seems a tad frightening for some.

As an example, if a place does not offer veggie food I will not shop/eat there because there is nothing of interest. If they do then I will gladly part with my money. The company makes money, I eat. All happy. I am not about to engage in some bizaare ALF actions... it is simply one part of my lifestyle.
 
Sinizterguy said:
Following Islamic Banking Law no Musilims should be able to get foreign currencies.

It says money cannot be traded for money.
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I believe that you're not allowed to charge to trade money for money... as in a Bureau de Change.
 
I have just realised that Reg Vardy are possibly based on Islamic principles.

You buy a new car for £8,000 with 5 years interest free. Yet the same car down the road is £6500 at 9.8% APR.

Allāhu Akbar!
 
adamofgreyskull said:
Ok...maybe I haven't been listening to Jeremy Vine enough lately but...are the islamist muslim terrorists pushing for a law that allows them to commit murder by stoning now? That is my point.
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Do you expect them to push for massive changes overnight or baby steps... you don't have a point.

adamofgreyskull said:
I was under the impression that Jewish people don't consider the New Testament to be the word of God... That is my point.
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Why did you lump them in as "jews and christians" then? Seems to rather negate your point.
adamofgreyskull said:
Judging by what you yourself have been saying, the introduction of a FINANCIAL PRODUCT by an INDEPENDENT BANK, appealing to members of it's CONSUMER BASE will lead to the introduction of out and out Shariah law. That is my point.
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It might do, what do you expect to happen? Every journey starts with but a single step. You really need to get a point.
adamofgreyskull said:
People are mentioning Hitler and what he did, but I don't think you understand why you're mentioning him. He introduced the terrible terrible laws he did, as you have intimated, over time, in small steps. He did this by creating a "climate of fear". Sound familiar? It should, because it's exactly what you're contributing to at the moment.
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A climate of fear? Oh really? Fear of what exactly? Certainly not of terrorism.
In a few short years he introduced incredible changes, vicitimising jews, executing homosexuals ... what does that remind me of....sharia law... ooooh.
Now I don't think he started out with "hey lets gas all the jews and gays" did he? Yet somehow he turned a fairly normal country full of people into a country prepared to do the most terrible things. He did not lay all his cards on the table at once though did he, he inched his way to that point.
adamofgreyskull said:
Where were you people when Catholic terrorists were bombing the UK mainland?
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Well we were posted to Fermanagh at the time. Where were you?
adamofgreyskull said:
Perhaps you'd like to do the numbers and work out how many people have died at the hands of the IRA in the UK, and how many at the hands of Islamic terrorists? <sarcasm>Oh wait...we can't ban Catholicism can we...it's a white person's religion...</sarcasm> :rolleyes:
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Ok so the NI problems were about catholicism....... not land......not independence for the last bit of Ireland that is still under English rule.....right ok. We also live int he past so todays threats aren't worth worrying about for another decade.
 
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