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UK: Lloyds drops overdraft fee on Islamic accounts

Apr 26, 2014 10:37 am By Robert Spencer

lloyds_2893418b“Do I have to change my religion to get the best deal?” asked one woman. The answer is no: “A Lloyds spokesman said Islamic accounts were intended for customers who cannot receive or pay interest under sharia, but were available to anyone, regardless of their faith.” How wonderful! You can avoid the overdraft fees as long as you submit to the hegemony of Sharia, you see. As long as you understand that Islamic law must be respected above all other laws and statutes, and are willing to comply with its restrictions, you can save up to £80 a month in overdraft fees.

The rapid self-destruction of Britain as it abjectly surrenders to Sharia while even its alleged foes of Sharia denounce and defame genuine opponents of jihad terror and Islamic supremacism would be funny if it were, say, a Monty Python movie. But it isn’t.

“Lloyds drops overdraft fee on Islamic accounts,” by Keith Perry, the Telegraph, April 25, 2014 (thanks to Maajid Nawaz):

Lloyds Bank has been accused of religious discrimination after offering free overdraft accounts to Muslims.

The bank sent customers a booklet this month explaining new charges.

While many will have to pay up to £80 a month if they go into the red, Muslims were told they would escape the charges. The document said: “We are removing the monthly overdraft management fee of £6 from our Islamic Account, Islamic Student Account and Islamic Graduate Account. So, if you use an unplanned overdraft on these accounts, there won’t be any charges.”

One customer, Anita Milton, a nurse of New Eltham, south London, said: “I can’t believe that they’re thinking of offering one account for Muslims and making everyone else pay for the same service. Do I have to change my religion to get the best deal?”

Barclays, Co-op Bank and RBS said they do not offer alternative bank accounts to Muslim customers.

James Daley, of Fairer Finance, a consumer group, said: “The best thing would be for everyone to switch to the Islamic account to avoid these charges. But if everyone does that I doubt it will be financially viable for Lloyds.”

The Islamic account was set up by the High Street bank to attract Muslim customers by allowing them to keep faithful to their religion.

A Lloyds spokesman said Islamic accounts were intended for customers who cannot receive or pay interest under sharia, but were available to anyone, regardless of their faith.

“Our focus has always been on meeting the needs of UK businesses and personal customers. We offer a range of retail, business and investment products to meet the needs of our customers, available through all of our branches across the UK. The Islamic current account is for customers who cannot receive credit or debit interest due to their religious beliefs. All of our Islamic accounts comply with Islamic law and are available to anyone regardless of background or faith.

“These accounts are structured differently to our traditional accounts and do not offer credit interest or other features that are available on our other products. A comparison with the overdraft charging structure on other accounts is meaningless.”

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Filed Under: dhimmitude, Islamic supremacism, Sharia finance, United Kingdom, Useful idiots Tagged With: featured


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Comments

  1. Jay Boo says

    Apr 26, 2014 at 10:52 am

    Islam sold … AS IS
    Manufacturer has refused to issue a product recall for this product for 1400 years.
    Product has major known defects and is completely unrepairable.
    Islamic dealerships continue to place all the blame of its poorly designed product on its consumers and competitors.

    • nothosaur says

      Apr 26, 2014 at 1:02 pm

      …and if you try to exhange it for another model, they kill you.

  2. John C. Barile says

    Apr 26, 2014 at 10:52 am

    Right. Comparisons are meaningless. War is peace. Freedom is slavery. Pass the KoolAid.

  3. marclouis says

    Apr 26, 2014 at 10:56 am

    comply with islamic law and save up to £80 on your mortgage.
    TSB of course received a £37bn tax funded bail out recently.
    http://news.bbc.co.uk/2/hi/7666570.stm

  4. John C. Barile says

    Apr 26, 2014 at 10:59 am

    Usurious interest is only for fools and najis kuffar; [literal] stocks and bonds are the penalty for Disbelief.

  5. Reality Check says

    Apr 26, 2014 at 11:02 am

    The drain that these people bring to Western economies is frankly unbelievable. Non-Muslims have every right to sue Lloyds for discrimination.

  6. David says

    Apr 26, 2014 at 11:04 am

    Robert is absolutely right, Britain’s SELF-destruction. The people are ushering their own destruction. Something is wrong with the society, yet the British people still vote in their droves for the far-left and then wonder why matters worsen. Boycott TSB and other sycophantic firms. Vote for British political parties.

  7. nacazo says

    Apr 26, 2014 at 12:06 pm

    well then open one of these accounts an had an overdraft moment every month? even if you’ re not a muslim?

  8. JamesonRocks says

    Apr 26, 2014 at 12:34 pm

    Time for some economic sanctions… All non-moozies should move their funds out of Lloyds to other financial institutions.

  9. David Vincent says

    Apr 26, 2014 at 1:11 pm

    I must be dreaming.

    Totally shocking and offensive.

  10. Richie says

    Apr 26, 2014 at 2:01 pm

    Since the bank panders to Islamic demands, how long before Jews are not allowed to open accounts- as the presence of Jews offends Muslims?

    Shocking- what happened to the great nation that so bravely fought the Nazis?

  11. Richie says

    Apr 26, 2014 at 2:03 pm

    The people in the UK are going to put up with this? When will the citizens say ENOUGH to Islam??

  12. Alan Derpowitz says

    Apr 26, 2014 at 2:10 pm

    Sharia banking isn’t cheaper for the consumer. That’s because sharia banking is fundamentally hypocritical. Instead of paying interest for loans they pay “rent” for the money and other added fees.

    Also the bank wouldn’t do it unless there was profit in doing so. Should it not pan out as in other cases they might stop offering it.

    Ideally the muslims would have to suck it up and handle their finances like everyone else. That the bank has to do this says to me that there must be competition for this aspect of the consumer banking business.

    And that is either other institutions adopting these kinds of retail offerings or actual Sharia banks. As the Sharia banking system was developed to provide an unending source of income for jihad and is intended to develop into a tool of economic warfare, the less capital they get the better.

    So if the banks are doing what they can to get muslim money into British banks and away from jihadist sharia compliant finance system, then I’m not against it. I don’t like it. But it’s a lesser of two evils.

    Still, it’s a nose under the tent sort of peril. Islamists will press these clueless bankers to be more and more halal.

  13. Guy Macher says

    Apr 26, 2014 at 3:52 pm

    Boycott Lloyd’s! This is so simple! Let businesses know they can cater to us OR Muslims, not both. A run on Lloyd’s on Monday would focus manager’s and stockholder’s attention on the bottom line.

    • Defcon 4 says

      Apr 27, 2014 at 4:17 am

      The list of corporations that pander to the deep pockets of islam0nazism grows longer every day.

  14. Wich says

    Apr 26, 2014 at 5:10 pm

    Why should one have to have an Islamic account?
    Why is an ordinary account not good enough?
    Why should one be forced to have an Islamic account to avoid charges?
    What is going on in your countries in the West where I have to have an account that avoids charges if one signs up to an “Islamic account”.
    Are you nuts? What becomes an interest to me is when Islam decides what happens in the West?
    What else will be named or Islamified for preferential treatment? NHS charges, dentistry, rail charges, taxation, university tuition fee loans?
    Do we suggest there could be an interest free Christian Account?
    Imagine the outcry and letters written and signed by ‘prominent and learned scholars and broadcasters’.
    So it most certainly is discriminatory because we are obliged to have an account called an “Islamic Account” to avoid charges.
    This is the continuation of the Islamification of the UK.
    Share the fun of Sharia!

  15. Brian Hoff says

    Apr 26, 2014 at 5:14 pm

    The bank I use in 2004 came up with than good idear created your own checking account within reason. Since I became muslim I didnot like the idear of getting pay to me on my checking so my plan doesnot paid interest to me but if I overdawn my account I still pay the overdraft fee.

    • Reality Check says

      Apr 26, 2014 at 5:20 pm

      “Since I became Muslim”? Thank you for coming out! 🙂

    • Mirren10 says

      Apr 27, 2014 at 5:20 am

      Yet another example of the fact that converts to islam are fools, like old ‘defenderofislam’ above, or just malevolent.

    • Know Thy Enemy says

      Apr 27, 2014 at 6:39 pm

      @Brian Hoff

      You did not have to mention “Since I became muslim…”. Your crappy English and the whining was proof enough!

  16. Aion says

    Apr 26, 2014 at 5:58 pm

    Charging and paying interest is also against the principles of Christianity and Judaism, how come no one came up with this before? Getting rid of interest is actually a good idea – if it is not applied solely in the benefit of one group or another. Don’t trash the idea just because Muslims hold it – it was held by what most people here consider their own religious traditions long before it and still is even if we have forgotten about it.

    • debs69 says

      Apr 26, 2014 at 6:07 pm

      So does this mean they can’t earn interest too? I suppose thats for them to know!

    • Mirren10 says

      Apr 27, 2014 at 5:33 am

      In Jewish law, it is permissible to make loans with interest to non-Jews.

      In the medieval period, Christians were not supposed to engage in lending money at interest.

      Jews were prevented from many avenues of livelihood, which is why they engaged in moneylending, as Shakespeare recounts in The Merchant of Venice. Great Jewish banking concerns, such as the Fuggers, lent money at interest to Kings and members of the nobility, who frequently reneged on repayment of not just the interest, but also the principal.

  17. deb says

    Apr 26, 2014 at 6:01 pm

    So they can’t accumulate any interest in their savings right??? Or do they conveniently turn a blind eye to it?

    • PJG says

      Apr 26, 2014 at 8:11 pm

      The blind-eye thing is very handy for Muslims. I’m sure they never question where welfare money comes from, as long as they get it. Their religious purity is built around good old Koranic hypocrisy.

  18. Kepha says

    Apr 26, 2014 at 9:24 pm

    I’m sure the costs of no fee for Islamic overdrafts are passed on to the poor zhlubs who are not Sharia-compliant.

    • Defcon 4 says

      Apr 27, 2014 at 4:20 am

      You’re not kidding that really sounds like the most plausible way the scum at Lloyd’s are financing this and tell me that islam0nazis wouldn’t be on-board w/it as well.

  19. Alice says

    Apr 26, 2014 at 11:59 pm

    Can you hear that sucking sound? Money going down the drain. One can guess that is they are not being charged for overdrafts, those overdraft amounts will not be pursued, either.

    • Defcon 4 says

      Apr 27, 2014 at 4:23 am

      @Alice

      If “the overdraft amounts will not be pursued” the banks could go under real quick — unless they pass that savings on to their najjis kaffir customers.

  20. Spear says

    Apr 27, 2014 at 4:34 am

    Brand new offer! Convert to Islam and submit to Sharia today! Package deal includes: Western leniency and appeasement, and now a juicy banking deal straight from Lloyds!

  21. logdon says

    Apr 27, 2014 at 5:03 am

    If JW readers want to see the real reaction go to the source at

    http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10789509/Lloyds-drops-overdraft-fee-on-Islamic-accounts.html

    and read the comment.

    Reader response, especially in the Telegraph will shine the light on British attitudes more often than not, missing from the article itself.

  22. Corgi says

    Apr 27, 2014 at 9:16 am

    Just as there must be one law, the law of the land, for all, there must be one banking system for all. Yet here again we see the stealth imposition of sharia, ie muslims given concessions and privileges that infidels don’t get. Such as sharia wills, which will be disadvantagous to women, now apparently written into British civil law, without any consultation or by your leave as far as I can tell. Our main stream politicians who should be defending our country, are at best blinkered & ingorant, at worst a national disgrace!

  23. Ian Marshall says

    Apr 27, 2014 at 11:41 am

    I was shocked, did some online digging; maybe this sort of malpractice has been going on for some time? See following news item from 2006 inter alia:

    http://news.bbc.co.uk/1/hi/business/6168800.stm

    Not that I approve. Changing bank tomorrow

  24. Bob Luke says

    Apr 27, 2014 at 3:43 pm

    I have been a Lloyds bank customer since September 1968 and apart from a few cock ups over the years, I stayed with Lloyds.
    Since I heard about the discrimination against Christians (Our Country) I have never felt so enraged as to what they have done. I am sick to death of hearing that this that and the other has to change because it will upset the muslims.
    This is our country and not theirs, if they hate us as much as they say then bugger off back home to where every thing is nice and rosey and for Gods sake, those of you in government, who are put there by us commoners, do what we expect of you, you bunch of spineless bastards.
    I have served my Queen and country for 13 and a half years and after that I spent 30 years as a paramedic, looking after sick and injured people and for what. !! To be kicked in the head time and time again, because our government do not have the balls to say “This is Great Britain and to stay, you abide by our rules”, not any other, simple. If this offends you then tough, I have free speech and am speaking for myself.
    I can see things starting to warm up and no doubt there will be bother on the streets and do I care, no I don’t, this is the road that the government has chosen to go down.

    • Ian Marshall says

      Apr 27, 2014 at 4:18 pm

      Wonderful! Go Bob!

  25. A James says

    May 23, 2014 at 12:19 pm

    I just closed both my Lloyds business and current accounts. I will never bank there again.

    I hope others do the same and send them a real message. Even if they change the policy back, I will never return. I hope others are inspired to do the same and leave you message here.

    • Ian Marshall says

      May 23, 2014 at 2:02 pm

      Yeah, but – yeah, but – Islamic accounts don`t pay you interest either. Hmmm…the question is, who will benefit from these Muslim accounts most: folks who run an honest in-credit account but get paid NO INTEREST, or people who will run up big fat overdrafts with NO PENALTY.?
      Answers on a postcard, please.

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