Muslims in many countries are excused paying bank charges

[The Avon Lady]

The article is inconclusive to answering the only question I see here as being relevant: can non-Muslims open such an account if they want to or are these accounts exclusively for Muslims only?

There is another relevant subject here, the Islamization of Europe, with England being one of the first that will fall. However, there are plenty of existing threads that already deal specifically with that overall issue.

Originally Posted by Konovalov

By the way your topic title "Muslims in many countries are excused paying bank charges" is patently false and utterly misleading.

False and utterly misleading , so where is your evidence or references, ?

Here i will help you look for it. Go and visit the HSBC bank on line and search the subject that i started, and go and prove me wrong.

http://www.hsbc.co.uk

[Konovalov]

Originally Posted by The Avon Lady

The article is inconclusive to answering the only question I see here as being relevant: can non-Muslims open such an account if they want to or are these accounts exclusively for Muslims only?

Simple answer. Yes. Call HSBC yourself if you like. The only requirements that you need to open an account are the normal things such as proof of residency in the UK, passport, id documentation and so forth.

[Konovalov]

Originally Posted by Narcosis

False and utterly misleading , so where is your evidence or references, ?

Here i will help you look for it. Go and visit the HSBC bank on line and search the subject that i started, and go and prove me wrong.

http://www.hsbc.co.uk

From the HSBC Amanah Bank Account Fees section:

http://www.hsbcamanah.co.uk/amanahuk...ount/fees.html

Overdrafts
You are not permitted to overdraw this account.
If the account is overdrawn: overdraft review fee - £25.00*
*Important Notes

1. £25.00 may be charged on each occasion that you:- go overdrawn or further overdrawn
2. You will not be charged a review fee if you go overdrawn or further overdrawn by £10 or less.
3. You will not be charged a review fee if you have not gone overdrawn in the last 6 months.
4. You will not be charged review fees for more than the amount by which you have gone overdrawn in any one month.
5. You will only be charged review fees a maximum of 5 times in any one month.

We reserve the right to change our fees and when we will and will not charge fees from time to time.
Debit card

Using your Card abroad
Cash Machines: At all machines displaying a Maestro/Cirrus logo 1.5% of the cash advance (minimum £1.75)
Point of Sale: Wherever you see the Maestro logo Free.
Full fee details are contained in the Amanah Price List
Important Information
† For charging purposes a month is not a calendar month but begins on the date your account opens. For example, if you opened your account on 20th January, your charging period will be from the 20th of each month to the 19th of the following month.

And now from the HSBC Amanah Home Finance Fees section:

http://www.hsbcamanah.co.uk/amanahuk...ance/fees.html

Fee NameFeePayable when…Application Fee£275you complete your Amanah Home Finance application.Valuation FeeFrom £90 (based on the value of the property)you complete your Amanah Home Finance application.Administration Fee£40your monthly Amanah payment is not received by the due date.Statement Fee£5you request an interim and / or duplicate statement.Copy Document Fee£5a copy document is requested.Copy Deeds Fee£5a copy of the Title Deeds is requested.Settlement Fee£210the property is sold under either the Promise to Sell or the Promise to Buy. This represents our legal costs relating to that sale.

Note: You will also be required to pay any additional costs covering independent legal representation and associated disbursement fees.
Important Information:
Your home will be at risk if you do not keep up the monthly payments on your Home Finance.

The above are all bank charges and fees hence the topic title is misleading and indeed false. Edited to add links directly to fee and charges sections at HSBC.

Originally Posted by Konovalov

Simple answer. Yes. Call HSBC yourself if you like. The only requirements that you need to open an account are the normal things such as proof of residency in the UK, passport, id documentation and so forth.

:rotfl:Yes, ask also why you are denied credit cards (not debit) and other items, that Konovalov seems to have forgot to mention. Ask also, do they pay interest on loans while opening these accounts?

Which brings me back to the topic i started.

Every one who has credits cards, Loans and who see their bank charges go up. They are compensating for such dumb ass ideas of Sharia banking.
It's like council tax. It goes up if more people are sitting about, sponging on the benefits system.

If banks have to provide extra services and work for a minority who wish for a different banking system. Some one else has to pay, for these extra services and for those are not paying interest charges. (That is why they are not getting credit cards )

Originally Posted by Konovalov

From the HSBC Amanah Bank Account Fees section:

http://www.hsbcamanah.co.uk/amanahuk...ount/fees.html

And now from the HSBC Amanah Home Finance Fees section:

http://www.hsbcamanah.co.uk/amanahuk...ance/fees.html

The above are all bank charges and fees hence the topic title is misleading and indeed false. Edited to add links directly to fee and charges sections at HSBC.

I started the conversion about Interest charges. So what are you trying to point out here?

[Konovalov]

Originally Posted by Narcosis

Which brings me back to the topic i started.

Every one who has credits cards, Loans and who see their bank charges go up. They are compensating for such dumb ass ideas of Sharia banking.
It's like council tax. It goes up if more people are sitting about, sponging on the benefits system.

If banks have to provide extra services and work for a minority who wish for a different banking system. Some one else has to pay, for these extra services and for those are not paying interest charges. (That is why they are not getting credit cards )

I have been around long enough to know and see that my bank fees, bank charges and interest rate fees have always been going up over my life time and that was before this relatively new service by HSBC. But feel free to go on blaming Muslims now for increasing fees and higher interest rates. By the way interest rates aren't determined or influenced by what you label as sponging Muslims. I don't know why I continue to bother.

[Konovalov]

Originally Posted by Narcosis

I started the conversion about Interest charges. So what are you trying to point out here?

That your topic title is misleading and in the case of the UK utterly false.

[The Avon Lady]

Narcosis, can you or can you not open such an account?

Originally Posted by Konovalov

That your topic title is misleading and in the case of the UK utterly false.

http://money.cnn.com/magazines/fortu...4525/index.htm


Islamic Banking is Not Islamic:

http://www.islamic-finance.com/item100_f.htm



The Great Islamic Mortgage Caper (using the Islamic banking pratices in the UK)

http://www.islamic-finance.com/item122_f.htm



“Islamic Finance is based on interpretations from the Qua ran. Its two central tenants are no interest can be earned on loans”

http://www.financeprofessor.com/isla...%20finance.htm


So the above are also wrong and false in what they say….


If you can not pass evidence or references to your claims (like i correctly do). Then stop waffling.

[Konovalov]

Originally Posted by The Avon Lady

Narcosis, can you or can you not open such an account?

Avon Lady,

I have phoned HSBC who have confirmed to me that the opening of an Amanah account is open to anyone providing they meet the standard identity, secuirty, financial checks ect. You do not have to prove that you are Muslim or of any religous/ethnic background.

Also I know that the Islamic Bank of Britain has the same policy where these services are open to anyone. In fact from this article:

http://www.sundayherald.com/58052

The bank is advised by Islamic scholars, who must approve all new products, and it also undergoes a quarterly Sharia compliance audit. Piranie said that the bank’s ethical stance as well as the transparency of its charging structure and investment policy have attracted a number of non-Muslim customers. “At one point 20% of our customers in Leicester were non-Muslims,” he said.

I have not checked with Lloyds TSB who I'm sure also offer a similar product but I would assume that they would also have the same sort of policy as HSBC and the Islamic Bank of Britain. I hope that answers your question.

[Konovalov]

Originally Posted by Narcosis

If you can not pass evidence or references to your claims (like i correctly do). Then stop waffling.

I present evidence to back up my claims and all you do is change the topic or move the goal posts from one issue to another. I'm afraid this has become a wasted exercise. I've got better things to do.

Originally Posted by Konovalov

I present evidence to back up my claims and all you do is change the topic or move the goal posts from one issue to another. I'm afraid this has become a wasted exercise. I've got better things to do.

Again, read and check my original (The first Topic) comment and check message # 40.
We are talking about muslims not paying interest at banks.

The only one moving Goal posts, is you taking about who can have a Muslim accounts and over draft charges, and bread.

Your showing signs of a poor education, when ignorance and blind denial is all that you deliver, with wide sweeping remarks backed up by misleading information.
Using no references or links.

I have provided numerous links as evidence and repeated my self many times in this debate, we are talking about “interest charges” that Muslims don’t pay in many banks across the UK and World.

For your perusal I provided links to CNN (in message 40) with other links to prove my original comment. Yet you ignore them.


Ignorance they say is Bliss. In your case its pandemic.

[XabbaRus]

Hmmm

Do a search and you find that Muslims do get charged interest. Usary is considered when a bank charges excessive interest.

That article is badly written as to be confusing.

Even before this was posted I heard about these kinds of accounts and I have always understood it to mean that they don't receive interest.

How is a bank supposed to survive by not charging interest on a loan, muslim bank or any other bank?

Look there are some things in this world and the reaction of SOME muslims to events that have pissed me off but to suddenly blame muslims for increased bank charges that we have to pay is pretty much the same as Hitler blaming the jews for the depression in Germany after WWI. We pay increased bank charges because the banks can get away with it. Basically greed. A certain Barclays bank comes to mind.

Really I can't give two ****s as long as we get on. Oh as for the England being the first to fall, give me a break. I've had it with the hysteria and paranoia. I just want to live my life. And spare me any of your belittling comments, that's all I ask.

[The Avon Lady]

Originally Posted by Narcosis

Again, read and check my original (The first Topic) comment and check message # 40.
We are talking about muslims not paying interest at banks.

The only one moving Goal posts, is you taking about who can have a Muslim accounts and over draft charges, and bread.

Your showing signs of a poor education, when ignorance and blind denial is all that you deliver, with wide sweeping remarks backed up by misleading information.
Using no references or links.

I have provided numerous links as evidence and repeated my self many times in this debate, we are talking about “interest charges” that Muslims don’t pay in many banks across the UK and World.

For your perusal I provided links to CNN (in message 40) with other links to prove my original comment. Yet you ignore them.


Ignorance they say is Bliss. In your case its pandemic.

You've lost me. I read everything you and Konovalov posted. Any UK citizen can open such an account and is free to chose between such an account versus other accounts.