No-interest MasterCard Aimed at Devout Muslims

#Money

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.

  922

 

You may also be interested in:

“The mistake of being born to the wrong parents.”
How Economics Can Save You If You Are Kidnapped by Pirates
Watch a Coin Roll on a Treadmill for Almost an Hour
(Almost) Everything is For Sale
United States Headed for a Double Dip and Its Politicians Are to Blame