Comments on: Alhamdulillah for Lloyds TSB Bank http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/ Restoring Zakat in the 21st Century in accordance with the Shariah and the Sunnah Sun, 20 May 2012 03:45:06 +0000 hourly 1 http://wordpress.com/ By: To stop countries or companies and even individuals from going bankrupt eliminate all banking transactions that have interest based elements (Riba’).Riba’ is strictly forbidden in Islam (Allah SWT Commands) but trade is very much encouraged!Th http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/#comment-5149 Wed, 22 Feb 2012 01:37:12 +0000 http://zakatpages.com/2006/12/19/alhamdulillah-for-lloyds-tsb-bank/#comment-5149 [...] 34.  ^ http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/ [...]

]]> By: To stop countries or companies and even individuals from going bankrupt eliminate all banking transactions that have interest based elements (Riba’).Riba’ is strictly forbidden in Islam (Allah SWT Commands) but trade is very much encouraged!Th http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/#comment-5148 Wed, 22 Feb 2012 01:37:09 +0000 http://zakatpages.com/2006/12/19/alhamdulillah-for-lloyds-tsb-bank/#comment-5148 [...] 34.  ^ http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/ [...]

]]> By: Layla Simone Cordall http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/#comment-3550 Sat, 23 Jul 2011 08:14:29 +0000 http://zakatpages.com/2006/12/19/alhamdulillah-for-lloyds-tsb-bank/#comment-3550 ZAKAT collected in dinar and dirham on 25th Ramadan 1432AH in Catalonia football stadium is the climax peak performance inshAllah,to come,our icing on the cake with the cherry on top,thank you Eric Cantana,Umar Vadillo and Shaykh Abdul Qadir.Zakat collected in dinar and dirham is indeed the battle won,asalamalaykum.

]]> By: Banks Gang Up on Palestinian & Muslim Charities « The Zakat Pages http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/#comment-769 Fri, 16 Jan 2009 08:05:27 +0000 http://zakatpages.com/2006/12/19/alhamdulillah-for-lloyds-tsb-bank/#comment-769 [...] It might be quite timely to read our previous post “Alhamdulillah for Lloyds TSB“ [...]

]]> By: Amal Abdalhakim-Douglas http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/#comment-768 Wed, 14 Jan 2009 18:03:44 +0000 http://zakatpages.com/2006/12/19/alhamdulillah-for-lloyds-tsb-bank/#comment-768 Alhamdulillah, there’s not really much you can add to that comment, I think it’s self-explanatory

]]> By: Asad Habib http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/#comment-767 Wed, 14 Jan 2009 17:17:03 +0000 http://zakatpages.com/2006/12/19/alhamdulillah-for-lloyds-tsb-bank/#comment-767 Asalam Alaykum,

I speak with experience. I am currently stuck in a HSBC Amanah finance Islamic mortgage. I have had it for over 4 years and was one of the first people on the scheme. ironicaly in this age of credit crunch i would have been paying less money on my house through a conventional “non Islamic” mortgage. These Islamic Banks knew all they needed were genuine gullible Muslims and they have cleaned us up.

The base interest rate of Amanah (ignoring the “fiqh rhetoric” of their papers trying to sound all islamic on you), is around 6.3%. It is linked to the LABOR rate. That is the London InterBank Lending Rate. which is currently always around 3%. Normal banks offer you 4 or 5 % interest but the Islamic one stays at 6% or over.

The only difference is i get a slip of paper that says “Rent” instead of “Interest” charged. In fact i would compare it to putting a veil/hijaab on a prostitute and saying she is halal just because she looks Islamic.

These Islamic banks are worse. At least with a conventional mortgage you KNOW its 100% Haram, instead of the disguised Shaytan that is the “Islamic Mortgage”.

Finally, the service of the bank is abysmal, they would not move my direct debit by a few days earlier, knowing full well that every month i may go over due to my wage (and so they make extra interest on me by charging me). Despite asking them to change my Amanah finance payments to the date my payslips come in, i asked them twice and they didnt want anything of it and ignored me. Riba upon riba upon riba upon riba.

Still you live and learn, so take one at our own peril…

Masalaam

]]> By: hafeez amuda http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/#comment-630 Sat, 27 Sep 2008 17:44:57 +0000 http://zakatpages.com/2006/12/19/alhamdulillah-for-lloyds-tsb-bank/#comment-630 salaamu alaikum,
Please how can I found zakat assistance. kindly help me for the sake of Allah. I need it for my studies.
jazakum llahu hairun.
Thank you.

]]> By: Here it is, in their own words, the reasons why the Muslims want Shariah Finance, and why anyone who cares about freedom, women’s rights, gay rights, free speech, would be concerned about the rise of Shariah Finance. « Shariah Finance Watch http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/#comment-503 Thu, 22 May 2008 01:10:56 +0000 http://zakatpages.com/2006/12/19/alhamdulillah-for-lloyds-tsb-bank/#comment-503 [...] Posted by allysonrt on May 22, 2008 Alhamdulillah for lloyds TSB Bank [...]

]]> By: tahir http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/#comment-360 Thu, 03 Jan 2008 17:17:34 +0000 http://zakatpages.com/2006/12/19/alhamdulillah-for-lloyds-tsb-bank/#comment-360 Thank you James khan, of all the comments, your comment was the one that made sense. Iam a novice at Islamic banking, but as you said their staff do not have enough knowledge on the products was quite right. Thank you again for your article

]]> By: Hajj Amal http://zakatpages.com/2007/01/19/alhamdulillah-for-lloyds-tsb-bank/#comment-305 Thu, 29 Nov 2007 07:24:56 +0000 http://zakatpages.com/2006/12/19/alhamdulillah-for-lloyds-tsb-bank/#comment-305 YES
I can’t remember the correlation off-hand but for example a kruggerand works perfectly as an eight (8) dinar coin. The important thing is that we know exactly what a dinar is in order to work out the nisab etc.
The problem is that Eagles, Maple leafs, Pandas, Krugerrands and the like are all around the one ounce size which makes it hard to use them for smaller transactions and they are marketed more for investment purposes. The Gold Dinar, however, was always meant to be a practical coin that would be used in everyday transactions as well as savings.

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