High Shariah Banking Fees Irk South African Consumers

On July 22, 2010 · In Interest, Islamic Banking, Shariah Banking, South Africa, Usury

Shariah-Compliance may have a prohibition against interest, but that sure does not mean that Shariah-Compliant financial institutions won’t charge handsome fees for their services…

Islamic banks such as Albaraka Bank (South Africa) and the Islamic banking windows of FNB, ABSA, Nedbank and Standard Bank have come under heavy criticism from Muslim customers from following the greed culture of conventional banking and in some cases actually charging higher fees and service charges than their conventional counterparts.

http://arabnews.com/economy/islamicfinance/article86412.ece?

Leave a Reply Cancel reply

You must be logged in to post a comment.

Visit our many other projects on shariah
Archives By Month
Categories
- AAOIFI (21)
- Abdurahman Alamoudi (3)
- Abu Sayyaf (4)
- Abul-Ala Mawdudi (2)
- Accounting (15)
- ACTIONS (20)
- ADIH (1)
- Ahmad (1)
- Ahmadinejad (8)
- Alavi Foundation (1)
- apostasy (6)
- Audio Links (11)
- Blogroll (3)
- Bonyads (1)
- boycotts (5)
- CAIR (20)
- Cartoons (17)
- Catholic Church (1)
- Center for Security Policy (22)
- Certificates of Deposit (CDs) (1)
- China (20)
- Chinese (22)
- Christianity and Islam (49)
- Citigroup (44)
- Clearstream Banking SA (1)
- Colombia (2)
- Companies (76)
  - AIG (22)
  - Amana Funds (7)
  - Arcapita (2)
  - Bank of New York-Mellons (2)
  - Barclays (3)
  - Bloomberg (35)
  - BNP Paribas (6)
- Conference (85)
- Countries (923)
  - Abu Dhabi (105)
  - Afghanistan (46)
  - Algeria (3)
  - Argentina (1)
  - Australia (33)
  - Bahrain (93)
  - Bangaladesh (8)
  - Belgium (5)
  - Bermuda (1)
  - Brazil (8)
  - Britain (598)
  - Brunei (13)
  - Canada (59)
  - Cayman Islands (1)
  - Chechnya (1)
- Credit Dirivatives (8)
- Credit Suisse (3)
- Creeping Shariah (198)
- Da'Wah (94)
- Dana Gas (1)
- Debt Bonds (56)
- Defaults (55)
- Deloitte Touche Tohmatsu (2)
- DeLorenzo (2)
- Denmark (28)
- Derivatives (8)
- Deutsche Bank (39)
- Dhimmitude (442)
- DIC (33)
- DIFC (59)
- DIFX (12)
- Divest Terror (6)
- divestment (3)
- Doha (6)
- Dow Jones (24)
- Dow Jones Islamic Market (20)
- Drug trafficking (1)
- Dubai (482)
- Dubai Investment Group (55)
- Dubai Islamic Bank (34)
- Economic Crisis (52)
- Egypt (59)
- Elena Kagan (2)
- Emirates (34)
- Energy Independence for the USA (9)
- Equal Employment Opportunity Commission (2)
- Europe (86)
- European Union (26)
- Exchange Traded Fund (ETF) (4)
- family law (7)
- Fatwa (47)
- Fed of Islamic Orgs in Europe (1)
- Financial Institution (169)
- Finland (2)
- fiqh (4)
- fiqh council of north america (3)
- Fitch (2)
- France (55)
- Free Speech (8)
- Frequently Asked Questions (1)
- GE Capital (5)
- Germany (23)
- Goldman Sachs (11)
- Greece (1)
- Ground Zero Mosque (6)
- Gulf Cooperation Council (GCC) (11)
- Haiti (1)
- Haj (1)
- HALAL (17)
- Hamas (38)
- HARVARD (7)
- Hassan Chop (1)
- Hawala (5)
- Heros against Shariah (23)
- Hezbollah (32)
- Hizb ut-Tahrir (12)
- Holy Land Foundation (8)
- Hong Kong (23)
- HSBC (76)
- Human Rights under Shariah (73)
- Human Rights under Shariah Law (243)
- IFSB (6)
- IIFM (2)
- IIIT (1)
- Ikhwan (7)
- India (56)
- Indonesia (67)
- Indonesia Sharia Banking (29)
- Interest (6)
- International Islamic Liquidity Management Corporation (1)
- International Monetary Fund (6)
- Investment Scams (18)
- Investment Swindles (18)
- Investments (93)
- Investors Business Daily (18)
- Iran (229)
- Iraq (19)
- IRELAND (8)
- Islam (1182)
- Islamabad (2)
- Islamic Banking (712)
- Islamic Bonds (280)
- Islamic charities (159)
- Islamic Development Bank (11)
- Islamic Economics (637)
- Islamic Equity Funds (57)
- Islamic Finance (691)
- Islamic Financial Services Board (9)
- Islamic Index (96)
- Islamic Law (437)
- Islamic Relief (2)
- Islamic schools (13)
- Islamization (199)
- ISNA (Islamic Society of North America) (3)
- ISRA (2)
- Israel (19)
- Italy (20)
- Japan (25)
- Jemaah Islamiyah (3)
- Jihad (248)
- Jihadist Groups/Individuals (109)
  - Al Qaeda (87)
  - Al Shabaab (11)
  - Al-Awlaki (3)
  - Al-Awlaki (1)
  - Bin Laden (7)
- jizyah (2)
- Jordan (19)
- Jurisprudence (22)
- Kashmir (1)
- Kazakhstan (3)
- Kenya (12)
- Khamenei (1)
- KindHearts (2)
- Kosovo (1)
- Kuala Lumpur (20)
- Kurdistan (1)
- Kuwait (83)
- Kyrgystan (3)
- Lamido Sanusi (1)
- Lashkar e Taiba (5)
- LATIN AMERICA (3)
- lawfare (17)
- Lebanon (21)
- Libya (16)
- Links (1)
- Luxembourg (4)
- madrassas (9)
- Malaysia (142)
- Malta (1)
- Markets and Trends (44)
- Mauritius (2)
- MEDIA (6)
- Media (5)
  - Al Jazeera (2)
  - Bridges TV (1)
  - Business Week (1)
- Merrill Lynch (1)
- Microfinance (1)
- Minnesota (1)
- Moderate Muslim Voices (6)
- Mohammed (1)
- Money Laundering (32)
- Moody's (26)
- Moody's Investor Service (28)
- Morocco (3)
- murabaha (11)
- MURAHABA (6)
- Murfreesboro Mosque (1)
- Muslim Brotherhood (31)
- Nakheel (9)
- NASDAQ (5)
- NatWest Bank (1)
- Netherlands (35)
- New Zealand (4)
- Nigeria (42)
- Noor Islamic Bank (2)
- Norway (20)
- Obama (13)
- OIC (9)
- Oklahoma (1)
- Oman (9)
- OPEC (114)
- Pakistan (106)
- Palestinians (6)
- Peru (2)
- Phillipines (15)
- Photo Images (1)
- Polygamy (10)
- Powerpoints (5)
- Prince Bin Talal (2)
- proliferation (6)
- Qaradawi (56)
- Qatar (63)
- Rachel's Law (2)
- Ramadan (3)
- Regulation (34)
- RIBA (3)
- Russia (22)
- Salafism (10)
- Sanctions (7)
- Saudi Arabia (277)
- Scotland (10)
- SEC (6)
- Senegal (1)
- Serbia (1)
- Sharia Compliant (1074)
- Sharia Products (249)
- Sharia Videos (30)
- Shariah and Children (25)
- Shariah and Homosexuality (14)
- Shariah and Medicine (8)
- Shariah and the Arts (24)
- Shariah Banking (407)
- Shariah Boards (155)
- Shariah Bonds (333)
- Shariah Compliant Hedge Funds (13)
- Shariah Compliant Hyatt Hotels (3)
- Shariah Compliant Movies (1)
- Shariah Councils (68)
- Shariah Courts (12)
- Shariah Finance (1623)
  - "Ethical Investment" (77)
- Shariah in Academia (98)
- Shariah insurance (71)
- Shariah Law (1336)
- Shariah Mortgage (24)
- Shariah Photos and Images (5)
- Shariah-Compliant CDs (2)
- Shariah-Compliant Credit Cards (1)
- Shariah-Compliant Hotels (2)
- Singapore (20)
- Somalia (25)
- South Africa (10)
- South Korea (13)
- Sovereign Wealth Funds (62)
- Spain (6)
- Sri Lanka (1)
- Standard & Poor's (22)
- Standard Chartered (2)
- stealth jihad (78)
- Stock Exchanges (59)
- Stop Shariah Now (4)
- Sudan (29)
- SUKUK (285)
- Sweden (15)
- Switzerland (25)
- Syria (19)
- Tadawul (3)
- Takaful (49)
- Taliban (27)
- Taqiyya (16)
- Tawarruq (4)
- telecom sector (1)
- Tennessee (2)
- Terror (562)
  - Terror Funding (276)
- terrorism (145)
- Thailand (15)
- The Banker (1)
- The Netherlands (3)
- Thomson Reuters (5)
- Tim Pawlenty (1)
- Tunisia (2)
- Turkey (31)
- U.S. Policymakers (67)
- UAE (156)
- UBS (2)
- UBS Bank (3)
- UDR (1)
- Uganda (4)
- Uncategorized (540)
- United Kingdom (83)
- United Nations (21)
- United States Equitits (2)
- University Islamic Bank (7)
- US Federal Reserve (1)
- USA (762)
- Usmani (42)
- Usury (7)
- Venezuela (2)
- VIDEOS (91)
- Viva Palestina (1)
- Voice of America (1)
- Wahhabism (10)
- waqf (1)
- Women's Rights Under Shariah Law (328)
- World Bank (6)
- World Islamic Banking Conference (WIBC) (2)
- Yale (3)
- Yaquby (1)
- Yemen (17)
- Zakat (181)

Bad Behavior has blocked 2404 access attempts in the last 7 days.

1564853 pages viewed, 2217 today
494163 visits, 451 today

Powered by FireStats