Saturday, October 13, 2012

Muslim MasterCard: Compass pointing to Mecca embedded in new bank card

A compass pointing the way to Mecca is embedded in a new MasterCard aimed at Muslims. Gulf state-owned bank Al Hillal in the United Arab Emirates has rolled out the new bank card which complies with Islamic laws banning charging interest on loans in a bid to appeal to the world’s 1.6 billion Muslims. Islamic law or Shariah forbids ‘riba’, the charging of interest on loans, because it enables the rich to exploit the poor, creates social and economic tension and encourages risk, according to scholars. Read more: http://www.dailymail.co.uk/news/article-2217105/Muslim-MasterCard-Compass-pointing-Mecca-embedded-new-bank-card.html#ixzz29Ed3aKbM Follow us: @MailOnline on Twitter | DailyMail on Facebook

No comments:

Post a Comment