Lloyds Bank drops overdraft fee on Islamic accounts, charges non-Muslims

 

What is next? Money laundering for Great Britain’s new best friends?

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.”

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. More at

Creeping Shariah

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