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Johnny_Mustang
02 Dec 15 07:05
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Date Joined: 18 Feb 07
| Topic/replies: 13,801 | Blogger: Johnny_Mustang's blog
I stumbled across this the other day whilst looking for another Lloyds product.


Features and benefits

Shariah-approved banking

Following the guidance of Islam is an important part of everyday life, so we've made it an important part of everyday banking. Our Shariah committee of two independent scholars has guided us to create an account that’s right for you.


Banking in accordance with Shariah

There’s no credit or debit interest, no Planned Overdraft, no minimum balance required and no charges for everyday transactions.


Your money used wisely

You can be confident the money you keep with us will not be used for any interest-based or non-Shariah approved activities.
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Report mecca • December 2, 2015 7:33 AM GMT
The Thoroughbred Bank
Report polybot • December 2, 2015 7:54 AM GMT
do you get a free piggy bank with that?
Report Clouseau • December 2, 2015 8:01 AM GMT
I can't see there being any interest at all in this account.
Report Jack Hacksaw • December 2, 2015 8:30 AM GMT
Might get an account - just as insurance in case I become involved in an IS type hostage situation.

A quick flash of my Islamic Visa to the terrorists and I will be safely on my way.
Report Johnny_Mustang • December 2, 2015 8:33 AM GMT
Was talking with one of my friends from the City and he says there is a huge market for financial products that sit comfortably with Shariah law.
Report Jack Hacksaw • December 2, 2015 8:40 AM GMT
LLoyds account is probably an MI5 sting operation.
Report Johnny_Mustang • December 2, 2015 8:44 AM GMT
I had to double-check I hadn't been mis-sold an Islamic account as I haven't had any effing interest in mine for years.
Report Crisp77 • December 2, 2015 10:07 AM GMT
At least you can't have a joint account with the wife.
Report GRANTCKING • December 2, 2015 12:33 PM GMT
LaughLaughLaughLaugh WTF
Report lovegod • December 2, 2015 2:35 PM GMT
Are you allowed to make a prophet?
Report Kriskin • December 2, 2015 3:56 PM GMT
So is Shariah law now legal in the UK?  Am I missing something here?
Report Injera • December 2, 2015 3:59 PM GMT
http://news.bbc.co.uk/1/hi/business/5074068.stm

Gordon Brown 9 years ago.
Report HH Sultan Vinegar • December 2, 2015 4:06 PM GMT
So instead of a Master Card do they have Martyr Card?
Report Pokermonster • December 2, 2015 4:26 PM GMT
I an grateful to have this brought to my attention.

I have considerable funds both deposited and invested with Lloyds.  If the original post proves to be true, I'll be transferring the lot and making my reasons clear in a letter to Senor Osorio.  A small and futile gesture in the grand scheme of things, perhaps, but for a British bank to offer such an account is a disgrace.
Report Johnny_Mustang • December 2, 2015 4:32 PM GMT
Yes it is true, google it.
Report Johnny_Mustang • December 2, 2015 4:34 PM GMT
And I think the attached might just tip you over the edge:

https://www.lloydsbank.com/assets/media/pdfs/islamic_account_welcome_pack.pdf
Report Pokermonster • December 2, 2015 4:37 PM GMT
Incredible.

I'll do a little more research just to be assured I'm not falling for some sort of spoof, of course.
Report Crisp77 • December 2, 2015 4:38 PM GMT
You don't need to be muslim to open an account. Allah welcome to join.
Report Johnny_Mustang • December 2, 2015 4:40 PM GMT
Nat West also offer an 'Islamic Mortgage'.
Report Pokermonster • December 2, 2015 4:44 PM GMT
One could hardly make that welcome pack up, especially the page entitled Are you ready for your next trip abroad!  It appears to be genuine but, as I mentioned, a little more research would probably be wise.
Report HH Sultan Vinegar • December 2, 2015 4:44 PM GMT
what kind of burka'll be turning down interest accrued?
Report desperatemunter • December 2, 2015 6:08 PM GMT
"are you ready for your next trip abroad" Laugh  (can't work out why thats funny, but it is).
Report desperatemunter • December 2, 2015 6:09 PM GMT
i heard about this years ago also.
Report mobo • December 3, 2015 8:38 PM GMT
they are slowly gaining more and more influence and suddenly when they have hegemony you will all be complaining - by them it will be too late
Report Hank Hill • December 3, 2015 8:42 PM GMT
It truly is turkeys voting for xmas mobo - halal ones of course, maybe not xmas though Laugh
Report mobo • December 3, 2015 9:02 PM GMT
chip chip chippety chip chip away

and it works coz you get through in the end
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