No-interest MasterCard Aimed at Devout Muslims


Tue, Apr 13th, 2010 11:00 by capnasty NEWS

Among the various rules imposed by Sharia Law, usury is strictly forbidden, meaning that a devout Muslim looking into getting a credit card would not be able to without breaking his or her religious rules; however, since trade is permitted, these Islamic-friendly Mastercards meet the requirements of Sharia law by being prepaid and therefore interest free, working around the issue of usury.



You may also be interested in:

iPhone5C: the 'C' Definitely Not for 'Cheap'
"The way you use the phone is a proxy for the way you live."
The Great Bank Heist of 2010: Wall Street Wins, Main Street Pays -- Again
Bridal Brokerage: Business Buys Cancelled Weddings and Resells Them to New Couples
The Typo that Nearly Crashed the Economy