From our You-Can't-Make-This-Stuff-Up depertment: "An overdraft? That'll be £200 at Lloyds TSB (but only £15 if you're a Muslim)," by Arthur Martin for the Daily Mail, August 22 (thanks to Kenny):
Many Lloyds TSB customers are being hit with charges of up to £200 a month if they go into the red - while Muslims who use the bank are only being charged £15.
The part-nationalised bank has been accused of religious discrimination over the disparity between overdraft charges on its standard current account and its Islamic account.
The Islamic account was set up by the high street bank to attract Muslim customers by allowing them to keep faithful to their religion.
Sharia law does not permit the payment of interest so the 'typical' Islamic account at Lloyds TSB has been set up without an overdraft facility.
No interest is charged on Islamic accounts, while customers with a normal account are hit with charges of up to £200
Other rules: No interest is charged on Islamic accounts, while customers with a normal account are hit with charges of up to £200
If a Muslim customer who has insufficient funds in the account tries to make a payment, it is blocked and a 'return item fee' is charged.
However, on some Islamic accounts such a payment is authorised and an 'unplanned overdraft fee' of £15 is then levied.
The bank says this is a management fee, not a payment of interest, so does not contradict Sharia law.
Meanwhile, customers with standard current accounts who go into the red by at least £100 without authorisation are hit with an 'unplanned overdraft fee' of £20 a day for a maximum of ten days. This could mean a customer has to pay £200 in one month.
The Islamic account is available to all customers at Lloyds TSB. In theory, anyone who does not need a permanent overdraft facility could switch to this account to avoid being hit by interest charges for going into the red.
The disparity between the two accounts emerged after the bank sent its customers a booklet this month explaining its charges.
Whoops.
Graham Milne, a customer and chartered accountant from Norham, Northumberland, said difference in fees was tantamount to 'religious discrimination'.
He added: 'This means that all the non-Islamic account holders are subsidising those with such an account. It strikes me as something which is bordering on illegal.
'One cannot help feeling the organisation is bending over backwards to help Muslims to the detriment of everybody else.
"You might as well fall flat on your face as lean over too far backward." -- James Thurber
'The man in the street would say this is a form of theft. Whether you call it a management fee or an interest fee, it makes no odds because they mean the same thing.'...
Islamic terrorism works in many mysterious ways...
Britain is by far one of the worst appeasers of Islam in the West. At least France and Italy but up the veneer from time that they are fighting the Islamisation of Europe, but not Britain. I have said it before and I'll say it again, if Osama bin Laden showed up at 10 Downing Street and asked for the keys the British government would eagerly hand them over in a heart beat. The political (and now apparently the economic) elites in Britain beg to surrender to Islam.
My religion, the New Church of Lucre, calls for the bank to pay me money when I am in overdraft - lots of money. Are you listening, Lloyds. I demand that you respect my religious beliefs - pay up!
Even with a free toaster when you open a new account, this deal sucks. Of course, customers of Lloyds TBS are free to take their business elsewhere. I urge them to do so.
boycott them
Isn't that discrimination? In the REAL sense of the word?
I agree with chaos81...boycott them.
Just a thought
It would make Loyds think twice if all their customers opened sharia accounts and then go into the red
Just a thought
It would make Loyds think twice if all their customers opened sharia accounts and then go into the red
Just a thought
It would make Loyds think twice if all their customers opened sharia accounts and then go into the red
I would say that it is time to cry 'PREJUDICE'!!!
Catering to a religion - well, it is still labeled a religion, I don't think it is a religion - is totally uncalled for in our Western Countries.
Just a thought
It would make Loyds think twice if all their customers opened sharia accounts and then go into the red
Just a thought
It would make Loyds think twice if all their customers opened sharia accounts and then go into the red
Earlier this month, it emerged that ‘losses’ at Lloyds had escalated to £13.4 billion. It has already been bailed out by the taxpayer to the tune of £17 billion and is 43 percent taxpayer-owned.
I would say that it is time to cry 'PREJUDICE'!!!
Catering to a religion - well, it is still labeled a religion, I don't think it is a religion - is totally uncalled for in our Western Countries.
I would move my account to another bank and tell them why. Most businesses want make a profit.I don't know how a sharia compliant bank can do that without non sharia customers paying interest.
The cancer creeps until light hits it, then sharia creeps back the other way, only waiting, never stopping.
If Brits stand for this and fail to see the end of this racist behavior, I shall be severely disappointed.
Isn't that what the muslims tell the press all the time? That the people that are not allowing the muslims to do X are racists. I don't see why the same argument should not apply here. They are discriminating against...uh...white people? when applying these banking rules.
Jeez....
We know there is no racism in detesting islam...nor is there racism in this stupidity. No.
The discrimination in this case is far more insidious and dangerous. It involves submission to an enemy's demands, surrender in a war that few even acknowledge. No special privileges for muslims. No foot baths. No prayer rooms. No muslims only ANYTHING, except for their command centers of course. mosques.
islam is a lie and
Truth is killing it.
The so called "Islamic Account" is presented in this way:
"At Lloyds TSB we know that everyone has different needs when it comes to banking. That’s why we have developed a suite of Shariah approved products for our customers who wish to bank ethically."
This wording implies that banking outside what is Sharia approved is unethical!
"Islamic Account
Following the guidance of Islam is an important part of everyday life. So we've made it an important part of everyday banking."
Following the guidance of Islam in any area is suicide for a democratic society or any non-islamic society for that matter. When sharia becomes an important part of everyday life it can only be bacuse it has been islamized and is about to surrender to Islam and Sharia.
Banks that practice such discrimination should be given only one warning to stop. If they do not stop, then they should be shut down and their personell should be blacklisted to prevent them from working in any other bank. This stern measure will give Muslims the message that they are in a secular country, not in an Islamic state.
Well, I gotta tell ya'.
This Muhammad was a pure genius when he dreamt this stuff up.
He knew exactly how to sucker the poor dhimmis.
No interest...what a dream.
Does that mean they don't earn any interest on their investments, bank accounts, etc? Or is this just a one-way street.
Because the way I see it is if they aren't going to pay any interest then they should be allowed to earn any interest either.
I guess everyone is going to want to turn Muslim if that's the case.
Dhimmitude is rampant in Europe, where the population went to war against Islam for centuries. They recognized a political and religous nightmare when they saw one.
"Britainistan" is now the laughing stock of the west, since so many concessions have been made by her government and many businesses to appease the supremacists who want world conquest by any means necessary.
The government would never have appeased Nazi sympathizers from 1939 to 1945 and thereafter, so why do they do it for Islam now?
I cynically believe that it is for the oil and due to the fear of inciting more London train bombings.
Cowards.
Support the troops in Afghanistan, this blog and people like Geert Wilders. They are fighting a very old war against an enemy that now sees an opportunity to conquer.
May the west prevail.
Kufar and proud.
Lloyds is of course majority owned by the British Taxpayer !!!
And why exactly is it that I'm not supposed to believe that Britain is finished?
Ooops...
Typo.
That was supposed to be:
Remind me why exactly is it that I'm not supposed to believe that Britain isn't finished?
As a Brit who has to endure the misery of witnessing the slow chiselling away of my cultural identity, a process that nobody in authority is prepared to speak out against, I have to ask why does anybody care in a part publicly owned bank whether this contradicts Sharia Law or not?
Next thing the clerks will be either growing long beards or dressing up as ninja's.
The United Kingdom is not yet an Islamic republic, although we do need a leader in the same vein as Thatcher or Churchill, rather than the pusillanimous Brown and his coterie of spineless cowards who seem content to allow the tail to wag the dog.